How to Create a LBP

Creating a Liquidity Bootstrapping Pool (LBP) on Starter Launchpad is a structured process that enables AI projects to raise funds and distribute tokens in a fair and transparent manner. Follow these steps to create an LBP on Starter Launchpad:

Step 1: Prepare Your Project

1. Define Your Project:

   • Clearly outline your project’s goals, vision, roadmap, and tokenomics.

   • Ensure your project aligns with the AI focus of the Starter Launchpad.

2. Gather Required Documentation:

   • Prepare a detailed whitepaper, team bios, and project overview.

   • Create marketing materials, including a website and social media profiles, to promote your project.

Step 2: Create an Account on Starter Launchpad

1. Register and Verify:

   • Visit the Starter Launchpad website and register for an account.

   • Complete any required identity verification processes to ensure compliance with platform standards.

Step 3: Initiate LBP Creation

1. Navigate to LBP Creation Section:

   • Log in to your Starter Launchpad account and go to the “Create LBP” section.

2. Start a New LBP:

   • Click on “Start New LBP” to begin the creation process.

Step 4: Enter Project Details

1. Project Information:

   • Fill in your project’s name, description, website URL, and social media links.

   • Upload your project’s logo and any relevant images.

2. Team Information:

   • Provide information about your team members, including their roles and bios.

Step 5: Configure Token Details

1. Token Information:

   • Enter details about your project’s token, including the token name, symbol, total supply, and decimals.

2. Token Allocation:

   • Specify the amount of tokens to be allocated to the LBP.

   • Define the distribution plan for the remaining tokens (e.g., team, advisors, reserve).

Step 6: Set LBP Parameters

1. Initial and Final Prices:

   • Set the initial token price and the final token price. The initial price is usually higher, gradually decreasing to the final price over the LBP duration.

2. Duration:

   • Choose the start and end dates for your LBP. The duration typically ranges from a few days to a couple of weeks.

3. Funding Goals:

   • Define the minimum and maximum funding goals for the LBP.

Step 7: Smart Contract Configuration

1. Deploy Smart Contract:

   • The Starter Launchpad platform will automatically generate and deploy the necessary smart contracts for the LBP.

   • Ensure that you have sufficient funds (e.g., ETH or other base currency) to cover gas fees for contract deployment.

Step 8: Review and Confirm

1. Review Information:

   • Carefully review all the information and parameters you have entered for accuracy.

2. Confirm Creation:

   • Confirm the creation of your LBP. Once confirmed, the details will be finalized and the LBP will be scheduled to start on the chosen date.

Step 9: Promote Your LBP

1. Marketing Campaign:

   • Launch a marketing campaign to promote your LBP. Use social media, your project’s website, and AI community forums to generate interest and attract participants.

2. Community Engagement:

   • Engage with the community through AMAs, webinars, and updates to build trust and transparency.

Step 10: Monitor and Manage LBP

1. Track Progress:

   • Monitor the progress of your LBP through the Starter Launchpad dashboard. Track contributions, token distribution, and price changes.

2. Provide Updates:

   • Regularly update participants on the progress of the LBP and any significant developments related to the project.

Step 11: Conclude LBP

1. End of LBP:

   • Once the LBP duration ends, review the results and finalize token distribution to participants.

2. Claim Funds:

   • Claim the funds raised during the LBP. Ensure the proper allocation of these funds as outlined in your project plan.

Step 12: Post-LBP Activities

1. Stake or Trade Tokens:

   • Encourage participants to stake their newly acquired tokens in the Staking Pool to earn additional rewards.

2. Governance Participation:

   • Engage your community in governance activities, using their tokens to vote on project proposals and future developments.

3. Ongoing Communication:

   • Maintain ongoing communication with your community, providing updates on project milestones, developments, and future plans.