5. Token Sales
Last updated
Last updated
With the DeXe DAO Studio, you can initiate a Token Sale for your DAO treasury through smart contracts in a flexible, autonomous, and decentralized manner.
Once you select the "Token Sale" template, click "Start". You'll need to provide detailed information, such as the token being sold and sale parameters. Make sure the token you want to sell is already in your DAO treasury. If not, replenish the treasury before setting up the sale.
Next, choose which asset(s) you want to accept in exchange for the token. Select one or more trading pairs. Any proceeds from the sale will be added to your treasury in the paired assets you enabled.
Optionally, you can set investment limits per wallet address. This allows you to control the minimum and maximum buy-in amounts. Leave the limits at 0 for an unlimited sale.
Set the start and end times for the token sale period. The timezone will be UTC. Once you've configured all the sale details, click "Next" to proceed to vesting parameters.
Establishing the parameters for the vesting schedule pertaining to the DAO token sale is a recommended course of action:
Unlock. When setting up your DAO, you'll need to decide when tokens will be unlocked. Unlocking tokens makes them available for use or transfer. You can choose to unlock all tokens at the start of the project or gradually unlock them over time.
Vesting. The vesting option allows you to set a schedule for when tokens will be released. Vesting is a process in which tokens are released or become available over a certain period of time. This can help align the interests of token holders with the long-term success of the project. For example, you might choose to vest tokens over a period of four years, with a certain percentage of tokens becoming available each year.
Cliff. A cliff is a period of time at the beginning of the vesting schedule during which no tokens are released. Once the cliff period is over, a large portion of tokens is released, and then the rest of the tokens are released gradually according to the vesting schedule. The purpose of a cliff is to ensure that token holders are committed to the project for at least a certain minimum amount of time. When setting up your DAO, you'll need to decide whether to include a cliff and, if so, how long it should be.
Release Frequency. This option allows you to set how often tokens are released once the vesting period begins. For example, tokens might be released monthly, quarterly, or annually. The release frequency can affect the token's market price and the behavior of token holders. When setting up your DAO, consider the potential impact of release frequency on the project and choose a schedule that aligns with your goals.
For a more private token sale, consider implementing a whitelist that includes only approved wallet addresses. These addresses will receive notifications upon connecting to DeXe, and will also be granted non-transferable NFTs.
Additionally, an address list can be incorporated by copying and pasting addresses, ensuring they are separated by either a comma or a space.
It is highly recommended to thoroughly review the sale configuration prior to creation, as any changes to the settings can only be made through a subsequent vote.
If desired, multiple token sales can be established simultaneously by following the provided link. Alternatively, if only a single sale is required, proceed with the standard proposal creation process by clicking 'Next'.
Select if you'll create this proposal directly with your tokens, or use metagovernance delegation.
Provide a clear title and comprehensive description so members understand what's being proposed. Review and click "Vote & Create Proposal" to launch the proposal and self-vote.
Specify the number of tokens you want to use and confirm the transactions.
Click "Create" to launch the proposal, sign the transaction in your wallet and self-vote.
Once live, participate in discussions around your voting changes proposal. If the quorum is reached, the new parameters will go into effect after execution.
Use this template whenever you want to tweak your DAO's core profile information.
