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
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.
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
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
Navigate to LBP Creation Section:
Log in to your Starter Launchpad account and go to the “Create LBP” section.
Start a New LBP:
Click on “Start New LBP” to begin the creation process.
Step 4: Enter Project Details
Project Information:
Fill in your project’s name, description, website URL, and social media links.
Upload your project’s logo and any relevant images.
Team Information:
Provide information about your team members, including their roles and bios.
Step 5: Configure Token Details
Token Information:
Enter details about your project’s token, including the token name, symbol, total supply, and decimals.
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
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.
Duration:
Choose the start and end dates for your LBP. The duration typically ranges from a few days to a couple of weeks.
Funding Goals:
Define the minimum and maximum funding goals for the LBP.
Step 7: Smart Contract Configuration
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
Review Information:
Carefully review all the information and parameters you have entered for accuracy.
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
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.
Community Engagement:
Engage with the community through AMAs, webinars, and updates to build trust and transparency.
Step 10: Monitor and Manage LBP
Track Progress:
Monitor the progress of your LBP through the Starter Launchpad dashboard. Track contributions, token distribution, and price changes.
Provide Updates:
Regularly update participants on the progress of the LBP and any significant developments related to the project.
Step 11: Conclude LBP
End of LBP:
Once the LBP duration ends, review the results and finalize token distribution to participants.
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
Stake or Trade Tokens:
Encourage participants to stake their newly acquired tokens in the Staking Pool to earn additional rewards.
Governance Participation:
Engage your community in governance activities, using their tokens to vote on project proposals and future developments.
Ongoing Communication:
Maintain ongoing communication with your community, providing updates on project milestones, developments, and future plans.
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