Name: DAOSquare Governance Token
Ticker: RICE
Token Supply: 100,000,000
Amount: 1,200,000
Min Sell Price: 2 USDT
Bidding Token: USDT (ERC-20)
Lock-up: None
KYC or Whitelist: None
Start Date/Time: 2021/10/13 12:00 (UTC)
End Date/Time: 2021/10/15 12:00 (UTC)
Link: https://gnosis-auction.eth.link/#/auction?auctionId=61&chainId=1#topAnchor
About DAOSquare Token Distribution：
https://news.daosquare.io/rice-token-supply-and-distribution-rules-d5310636fb55
How Gnosis Auction Works：
STEPS：
1. Connect Your Wallet
Go to https://gnosis-auction.eth.link/#/start, click on Connect a Wallet, select your account and click on the link.
2. Select RICE/USDT Auction on the home page
3. Place an order
The UI can be dissected in three parts:
- On the top section, you have the main parameters of the auction
- On the right-hand side, you have data about the ongoing auction, as well as the price graph.
- On the left-hand side, you can see the parameters you need to fill in to place an order in the auction.
If it is the first time that you have used that token to bid, you will have to approve the smart contract to spend that token. First, click on the “Approve” button, and then confirm the transaction on Metamask, as shown below.
After you have set both the amount of tokens to bid, and the price per bid-token/auction token, you no longer see the enter amount section, instead you see a colored bar with the words “Place Order”. Once you are sure about the parameters you have inputted you have to click on “place order” to include your bid in the auction.
Once you have clicked on “Place Order”, a confirmation popup will appear that will ask you to confirm the order. As you can see in the image below, the dapp confirmation shows the relevant information of your bid order.
After you have clicked on “Confirm Order”, your wallet will trigger a popup for confirming the transaction. In this case, the Metamask popup will appear asking you to confirm the execution of the transaction from your wallet interface.
Once the Metamask order has been confirmed, and the transaction has been mined into a block, under the “Your Orders” section of the dapp you will see all the details of your bidding order, and a link to Etherscan so that you can check your transaction status.
Note: You can cancel your order 24 hours before the end of the auction.
About DAOSquare
Born in the well-known West Ethereum community MetaCartel, DAOSquare is dedicated to building a Web3 incubator which aims to be the Y·Combinator in the Web3 era.
Website: https://daosquare.io
Incubator: https://incubator.daosquare.io
Twitter: https://twitter.com/DAOSquare
Discord: https://discord.com/invite/daosquare
Forum: https://forum.daosquare.io
Media: https://dao2.io
