Create a Fair Launch

Overview

This guide provides a step-by-step walkthrough on how to create a Fair Launch pool for your token on the Pinksale platform, applicable across the blockchains Pinksale supports. Fair Launches ensure everyone gets the same token price regardless of when they contribute. After reading this, you will understand:

• The definition and calculation of the token price in a Fair Launch.
• The four main steps involved: Verifying Token, Inputting Fair Launch Info, Adding Additional Info, and Finishing.
• The specific fields and parameters required in each step (e.g., token address, softcap, liquidity percentage, router selection).
• Important considerations like fee options, listing options, and the affiliate program.
• Key notes regarding token functions (transfer fees) and stablecoin pairs.
• How to use related Pinksale resources like the Calculator and PinkLock.

Watch the Video Guide: How to Create a Fairlaunch on Pinksale (Note: Video might show a specific chain, but principles apply broadly)

Note: At fair launch, everyone will have the same token price after the fair launch ends. It doesn't matter if you buy first or late. Token price = total raised funds / total tokens for fair launch.

Step 1: Verify Token

1. Connect your wallet to Pinksale, ensuring you are on the correct network (e.g., BSC, Ethereum, Polygon, etc.).
2. From the homepage, click on "Launchpads" => "Create fair launch". You will be redirected to the creation page: https://www.pinksale.finance/fairlaunch/create

1. Input your token address if you already have one. Alternatively, you can use Pinksale to create a new token specifically for the Fair Launch.

2. Select the currency you want to raise (e.g., BNB on BSC, ETH on Ethereum, MATIC on Polygon, etc.). (If you want to raise funds using a stable coin, please refer to this post).

3. Select a fee option for your pool.

4. Select a listing option:

   • Auto listing: Liquidity will be added automatically after you Finalize the pool.
   • Manual listing: You will have to add liquidity manually after finalizing.

5. Select the Affiliate program option if you want to use it.

6. After making your selections, review everything and click on “Next”.

   

Step 2: Input Fair Launch Information

After verifying your token, you need to enter the details for your Fair Launch pool.

1. Ensure all numerical inputs are positive numbers.

2. Total selling amount: Enter the total number of your tokens you want to sell in this fair launch.

3. Softcap: Set a reasonable minimum raise amount in the currency you selected for the raise (e.g., BNB, ETH, MATIC). This number should not be excessively large.

4. Max contribution: Define the maximum amount of the raise currency each user can contribute to the fair launch pool.

5. Router: Select the Decentralized Exchange (DEX) router available on your chosen blockchain where liquidity will be added (e.g., PancakeSwap on BSC, Uniswap on Ethereum).

6. Liquidity (%): Enter the percentage of the raised funds (the currency you are raising) that will be used to create the liquidity pool on your selected router. The minimum allowed is 51%, and the maximum is 100%.

   • If you choose the Buyback option, the sum of the Buyback percentage + Liquidity percentage must be 51% or greater (Refer to this post on Fair Launch Buy Back Option).

7. Start time & End time: Select the start and end date/time for your fair launch pool (ensure timezone is correct). The start time must be before the end time.

8. Liquidity lock-up time: Specify how long the liquidity pool tokens will be locked (e.g., 365 days).

After filling in this information, the interface will show the total number of your project tokens required to create the fair launch pool.

• Tip: Use the Pinksale Calculator to help plan your tokenomics effectively.

  

Step 3: Add Additional Info

Provide additional details about your project for the launchpad page.

1. Logo URL and Website fields are required and cannot be left blank. You need a logo for your project. You have two options:

   • Option A: Use Pinksale's AI Logo Generator: Look for an option within this step on the Pinksale interface to generate a logo using AI. Follow the prompts provided there. If you use this, Pinksale will likely handle the logo display automatically.
   • Option B: Provide Your Own Logo URL: If you have your own logo (created by a designer or an external tool), paste the direct URL into the Logo URL field. This URL must link directly to the image file and end with a supported extension: .png, .jpg, .jpeg, or .gif. Ensure the URL is publicly accessible.

2. The Logo URL must end with a supported image file extension: .png, .jpg, .jpeg, or .gif.

3. Fill in other fields like links to your project's social media (Github, Twitter, Telegram, etc.).

4. Click "Next" when you have entered all the information.

Step 4: Finish

This is the final review stage before creating your Fair Launch pool.

1. Carefully review all the information you have entered. You can go back to previous steps to make changes if needed.

2. Click “Approve Spending Token” and confirm the transaction in your wallet. This allows Pinksale to access the required amount of your project tokens for the sale and liquidity. Ensure you have enough native chain currency (like BNB, ETH, MATIC) for gas fees.

   

3. Once the approval transaction is confirmed, click the final “Confirm & Create Launchpad” button.

4. Your wallet will ask for one last confirmation for the pool creation transaction, showing the final network fee (gas fee). Click “Confirm” if you agree. Ensure you have enough native chain currency for this fee.

5. Your Fair Launch pool is now created! This is the result:

   

Note: **You can use Pink Lock to lock team tokens or other tokens and display this information via an editable tokenomic chart on your Fair Launch page.**

Q&A (FAQs)

• Q1: What makes a Fair Launch "fair"?
  • A: The key fairness aspect is that the final token price is the same for everyone, calculated only after the sale ends (Total Raised Funds / Total Tokens Sold). Early buyers don't get a cheaper price than later buyers.
• Q2: What's the difference between Auto Listing and Manual Listing?
  • A: With Auto Listing, Pinksale automatically creates the liquidity pool on your chosen DEX when you finalize the pool. With Manual Listing, you receive the raised funds and the remaining tokens, and you must create the liquidity pool yourself on the DEX.
• Q3: What is the Softcap?
  • A: The Softcap is the minimum amount of funds (in the currency being raised) that need to be collected for the fair launch to be considered successful. If the softcap isn't reached by the end time, the fair launch fails, and contributors can claim refunds.
• Q4: Why is the minimum liquidity percentage 51%?
  • A: This ensures a substantial portion of the raised funds goes towards creating a stable trading pool on the DEX, which is crucial for healthy price action and investor confidence.
• Q5: What happens if my token has transfer fees (taxes)?
  • A: Your token contract must have a function to exclude addresses (like the presale contract, router, and pair addresses) from these fees. Otherwise, the fair launch creation, liquidity adding, and potentially trading will fail or incur unintended taxes.

Troubleshooting

• Q: I'm getting an error when trying to verify my token in Step 1.
  • A: Ensure you are connected with the correct wallet and network (e.g., BSC, Ethereum, Polygon). Double-check the token address. If your token has taxes, confirm it has the necessary 'exclude transfer fee' function. If raising with stablecoins, ensure your token is non-taxed.
• Q: The interface shows I need more tokens than I expected in Step 2.
  • A: This calculation includes the 'Total selling amount' plus the tokens for initial liquidity (based on 'Liquidity %' and implied listing price). Use the Pinksale Calculator to plan.
• Q: My Logo URL isn't accepted in Step 3.
  • A: Ensure the URL links directly to the image file and ends with .png, .jpg, .jpeg, or .gif.
• Q: My "Approve Spending Token" transaction fails in Step 4.
  • A: Ensure you have enough native chain currency (like BNB, ETH, MATIC) in your wallet for gas fees. Confirm the correct wallet is connected.
• Q: My pool creation transaction ("Submit") failed in Step 4.
  • A: This could be due to insufficient gas fees, network congestion, or a token contract issue (taxes, decimals, etc.). Check the error on the relevant block explorer (like BscScan, Etherscan) for details. Contact a developer or Pinksale support if needed.