Fair Launch Creation

At LitBit Finance, we understand the importance of a fair launch for the success of a cryptocurrency project. That's why we offer our Fair Launch Creation service on our autonomous platform.

Our platform utilizes smart contracts to govern the distribution of tokens at the debut of a project. These smart contracts are self-executing and the terms of the agreement are written into code. They are executed automatically when certain conditions are met, ensuring that the distribution of tokens is impartial, transparent, and equitable.

Create a Fair Launch

To create a Fair Launch on our autonomous platform, a project would need to take the following steps:

Register on the platform:

The project team will need to register on our platform and create an account. This will give them access to the tools and resources needed to create a fair launch.

Create a new project:

The project team will then need to create a new project on our platform, providing details such as the project name, token name, and total supply.

Smart contract development:

The project team will then need to develop a smart contract that will govern the distribution of tokens. The smart contract can be developed using our platform's smart contract development tools. The contract should be audited by a third-party auditing firm to ensure its security and fairness.

Token generation event (TGE) setup:

The project team will then need to set up the TGE, including the date and time for the launch, the smart contract address, and other relevant details.

Token sale structure:

The project team can choose between different token sale structures such as Dutch auction, reverse Dutch auction, and other methods to ensure an equitable distribution of tokens.

Community engagement:

Projects can use our platform to engage with the community and create awareness before the TGE. This can include a community airdrop, social media campaigns, and other forms of engagement to ensure that a diverse group of people have the opportunity to participate in the TGE.

Deployment of smart contract:

The smart contract will be deployed on our autonomous platform, which utilizes blockchain technology to ensure transparency and immutability of the distribution process.

Compliance:

Our platform is compliant with all relevant laws and regulations, including Know-Your-Customer (KYC) and Anti-Money Laundering (AML) requirements.

These steps can be completed using our user-friendly frontend interface, which makes it easy for project teams to create a fair launch on our platform.