Participate in a Live Auction
How to Participate in a Live Auction on flybyLaunchpad
- Go to the flybyLaunchpad at: https://flybylaunchpad.com.
2. Click the “Launchpad” button in the top right corner https://app.flybylaunchpad.com/#/live
3. Select the option to connect your Metamask Wallet
If you want to join by mobile, please refer
Participate in a Live Auction (Mobile)
Step 1: Connect wallet
First, you have to ensure that your wallet is connected to the flybyLaunchpad. This could be done by clicking the “Connect” button at the top-right of the page. flybyLaunchpad now supports many wallets including Metamask, and we also have plans to expand more in the future. At the present, Ethereum, BNB Chain, Avalanche, and Polygon networks are supported for IDO, so you can change your network via your wallet to interact with the mainnet-specific.
When the wallet is connected, start by checking which token belongs to which network the auction is on (e.g. ETH, BSC, MATIC, or AVAX) and make sure that you have enough corresponding tokens to cover volatility and network fees. We recommend having at least a 10–20% of the total amount of token that you need to participate. You’re unlikely to need them, but to be safe, it’s best to keep that much. For example, let’s say the allocation is $200, then you need to have $210–230 of ETH, BNB, or MATIC in your wallet.
Step 2: Choose a Live Auction
We’ll have FBS token auctions on variety types of tokens, including ERC 20, BEP 20, AVAX, MATIC so you may pick the one that best suits your current token
Then you are ready to see and interact with the live auction details. As you can see in the picture below.
During a Live Auction, you can see all our information under the “Contract” ring and “Token” ring to start transacting with the contract. While buying, you need to notice some universal indicators across our market offerings, including:
- The amount for sale: Here you will see the total number of tokens that we wish to sell.
- Amount raised: The total amount collected during the auction will be displayed here.
- Min raised: This is the min-raised set by forbitspace, and for the auction to be successful, the total amount of money must be greater than or equal to the min-raised
Step 3: Create a purchase order
You can now make a purchase order after reading all of the above information. As more people commit to Batch Auctions, the overall amount of tokens received by each prior customer will be decreased. So that, after you enter the amount you wish to spend in the “Commitment” field, we will show you the “Maximum token received” you can receive at the bottom, which is computed by dividing the amount you commit by “Amount raised” and then multiplying by the “Amount for sale”.
After confirming the desired amount, click “Approve” and confirm in the MetaMask wallet for the first time to execute the buy order in the auction using the stable coin payment method (USDT, USDC, BUSD,.. ) to enable the contract to use tokens in your wallet. Then fill in the box “Commit” the amount corresponding to the amount you just approved. For subsequent transactions in the same auction, simply enter the amount you want to pledge in the “Commit” field and press the “Commit” button.
For auctions using the native coin payment method, you just need to enter the amount you want to commit in the “Commit” field and press the “Commit” button.
