Meta Network x PentaLaunch Auction Subscription Guide
Basic Auction Information
Auction Token: META
Auction Quantity: 21,000 META
Start Price: $10
Curve Highest Price: $12.1
Opening Time: 12 am to 1 pm, April 12th (PST)
Auction Platform: PentaLaunch
Maximum Purchase Limit: 100 META each address
Auction Payment: USDC
Auction Curve: Y=0.00005*X+10
Important Note:
1. Please cautiously measure the risks of token purchase before your participation.
2. We recommend you to set gasLimit to 300,000 if the transaction fee is too high.
3. Please note that USDC requires approval before payment can be made, which cost ETH as transaction fees.
4. As PentaLaunch is an open platform for token auctions, please take precautions to guard against fraud.
Operation Guide
Step 1: open the PentaLaunch Website.
Click https://curve.auction/#/ to open the website in Google Chrome.
Step 2: install the MetaMask wallet.
Install the MetaMask wallet plugin (https://metamask.io/). Skip this step if you have already installed the MetaMask wallet plugin.
Step 3: switch the network into Ethereum network .
Confirm that the MetaMask configuration is set on the Ethereum network.
A note below will pop up if the Ethereum network wasn’t connected.
Step 4: prepare enough USDC and ETH in your wallet.
USDC is the capital used to pay the auction of META. Each wallet address is only allowed to purchase up to 100 META, which may cost about 1000 to 1210 USDC.
ETH is used to pay the transaction fees (GAS) to ensure the success of auction payments. Please prepare at least 0.2 ETH.
USDC and ETH can be purchased in centralized exchanges such as Huobi Global, Binance, and OKEX. After purchase your USDC can then be transferred to your MateMask wallet.
Step 5: enter the META auction interface.
Click https://curve.auction/#/ to participate in the auction. Choose the META auction and subscribe to the token.
During the auction the token displayed will be bMETA. Upon conclusion of the auction bMETA can be redeemed into META. ( The screen shot below is for reference only as the auction hasn’t opened yet.)
Please click JOIN to enter the auction interface.
Step 6: set up and participate in the auction.
1. Confirm the purchase quantity (Maximum Limit: 100 META)
2. Click BUY.
3. Confirm the risk tip.
4. Approve the curve contract to use your USDC token before the first purchase.
5. Authorized your transaction in MetaMask.
6. You can buy META after authorization is complete.
We recommend you to set gasLimit to 300,000 if the transaction fee is too high.
7. When the purchase is completed, the META you bought will be displayed on the page. The Bonding Curve Token shows the tokens you bought at auction.
Step 7: redeem your tokens to your wallet.
After the auction has finished at 1 pm, April 12th (PST), you can open the auction page, and click REDEEM to redeem your tokens to your wallet.
Meta network introduction
Meta Network is an issuing and trading platform for social money, dedicated to improve the interaction between creators and fans through token economy. Previously, Meta Network has already closed a fundraising round of $2 million led by NGC.
