Creating a pool

TaalSwap currently offers fixed swap auction pools only. Sealed-bid auction and Dutch auction will also be available soon.

Creating a fixed swap auction pool

Stage 1: Entering into IDO application page

To create a fixed swap auction pool (i.e., to launch IDO of your project), select ‘Apply for IDO’ from the side-menu and press ‘Apply For IDO’ button.

'Apply for IDO' button at the bottom of the TaalSwap landing page

Read 'TaalSwap IDO Governance' and press 'Fill in Your Application' button.

The IDO application form is pretty much self-contained. Just fill in the given items with correct information and felicitous descriptions. If you want immediate token swap and distribution, then activate the ‘Atomic’ option.

Stage 2: Filling out IDO application

IDO Information

• Project Name: Input the name of IDO token sale (E.g., TAL Public, TAL Private, etc.)

• Select Chain: Select a blockchain network (ERC20, BSC, Klaytn and HECO). TaalSwap currently supports ERC20 only. Cross-chain IDO will be available soon.

• Token Contract Address: Token address for IDO token sale

• Trade Value (in ETH): Token price (Att.: The value should be in ETH (E.g. 0.00002).

• Total Raise (Total # of tokens for sale): The number of tokens to sell

• Min. Fund Raise (Min. # of tokens to be sold): The minimum number of tokens to be sold for IDO success. (Att.: If your input value is 0, your IDO token sale will be liquidated regardless of sales number. If it's not 0, the token sale is validated when the number of sold tokens satisfies the minimum value set by this entry. Otherwise, the investors will be reimbursed for the tokens they purchased.)

• Access: Type of token sale (In the case of 'Private', only whitelisted wallets are eligible for purchasing tokens. Whitelisted wallets can be added on the Admin page.

• Min. Allocation (Min. # of tokens allowed per wallet): Minimum amount of tokens allowed per wallet

• Max. Allocation(Max. # of tokens allowed per wallet): Maximum amount of tokens per wallet

• Start Date: Starting date of IDO (Att.: It should be later than the time of submitting the IDO application. It should also be set in consideration with allowing lead time (i.e., processing time for project review and approval) before IDO launching.

• End Date : Closing Date of IDO (Att.: Even if IDO is successful, operations such as token claim and liquidation will be IDO executed after the closing date of IDO.)

• Fee Amount (> 2%) : IDO platform fee (Att.: It should be greater than 2%.)

Project Information

• Project Name: Title of your IDO project (E.g., TaalSwap Finance)

• Category: Choosing a project type (Att.: Multiple choice is possible.)

• Website URL: Project-introducing website address

• ICON URL: URL link to the symbol icon of project token (Att.: The image format must be in SVG.

• Email Address: Designated e-mail address for project marketing

• Twitter Account: Twitter account of Project

• Telegram Handle: Twitter account of Project

• Medium Link : Medium link of Project

• Description: Brief introduction to Project

• Password : Password of IDO application (Att.: It is needed for operations after IDO approval.)

• Atomic : Immediate token swap and distribution

Stage 3: Submitting and checking IDO application

Wallet connection and submission of IDO application

On pressing the ‘Connect Wallet’ button, your project token wallet will be connected and your project, listed as a candidate pool for TaalSwap council’s reviewing and voting. As the listing process advances, the status of your project will change from 'Candidate' stepwise to 'Deployed', 'Approved' and 'Deployed', 'Upcoming' and 'Live'. When your IDO is fulfilled, your project pool is labelled as 'Accomplished'.

Only MetaMask and WalletConnect are currently supported. In case of using a mobile-installed wallet, WalletConnect must be used.

After the completion of wallet connection, press 'Submit' button.

Checking the progress of IDO application

The application form submitted

IDO State Code

• Candidate: Your application is submitted to TaalSwap council.

• Approved: Your application is approved by the council, which will be notified by email.

• Deployed & Upcoming: After you deploy your project on your Admin Page, your project pool will be labelled as ‘Upcoming’.

• Live: When your project reaches the start date of IDO, your pool will be labelled as 'Live' and available to investors.

Submitted state of IDO application

Approved state of IDO application

Stage 4 : IDO Admin

After selecting you IDO item, press 'Deploy' button.

Enter the password set at the time of filling out IDO application.

Wallet signature for fixed swap contract migration

Success message for fixed swap contract migration

Deployed state of IDO application

After selecting your IDO item, press 'Admin' button.

Stage 5: Preparing for IDO

Approving fixed swap contract on token-spending limit

Before selling tokens in terms of fixed swap contract

Pending state after completing the preparation of IDO launch

Ready for IDO launch with the completion of 'Approve' and 'Fund'

When the starting date of IDO comes, 'Upcoming' state switches to 'Live' state from which IDO participation is possible.

How to add wallet addresses on WhiteList (in case of private token sale)

Multiple wallet addresses can be added by separating them with 'comma(,)'.

After fixed swap contract migration for IDO, be sure to go to 'Admin' page. Perform 'Approve' and 'Fund' task and check if the pool state switches to 'Upcoming' which means that IDO is ready for launching.

Stage 6: Liquidation after IDO closing

Go to 'Admin' page.

Withdraw Funds: Claiming the raised fund

Withdraw Unsold Tokens : Repossessing the unsold tokens