We have officially launched the new MISO — a fully permissionless multichain token launchpad.
The new MISO makes it easy for anyone to launch a new token to their communities by completely opening up the token auction process. This improved UX will allow new groups of creators to enter web3, without the need for advanced technical knowledge.
Upgrading MISO
In the past, successful launchpads have largely been permissioned by their teams, introducing unnecessary friction and slowing down the auction process. Especially for teams that are ready to launch, the auction is a critical and delicate point in the journey of building a new product, scaling the team and community.
This is why we released a new version of our MISO launchpad, which will ease the burden of launching and open up the listing process for any creators to list and launch their web3 community.
MISO currently runs on the Harmony and Moonbeam blockchains, allowing anyone to launch their tokens into two active ecosystems. It is built with Sushi’s set of gas-efficient smart contracts, saving users a great amount of ETH.
To start, visit https://app.sushi.com/miso/auction and choose your favorite token type and auction format. Read on to learn more about the differences.
Token types
Fixed
A “standard” ERC20 token with a fixed supply and protections against further token minting or burning.
Mintable
An ERC20 token with a function allowing further minting at a later date. Creators will have to assign an owner for the minting controls.
Sushi
Sushi tokens function similar to mintable tokens but with additional capabilities built into the token. Creators will have to assign an owner address for token functions during minting.
Provide your own token
Provide a token to the MISO auction contracts that you deployed earlier through your own standard ERC20 contract.
Auction types
Dutch Auction
Dutch auctions are “inverted” auctions. The price point per token is set high and descends as the auction goes on in the event that no one is buying in. This rate of price adjustment is set by the auctioneer. The final price per token is set when all tokens have been allocated. Participants are committing to receive a minimum total value rather than bidding for the tokens themselves — because of this it is common to end up with more tokens than what was initially bid for.
Example: An auction starts at $100 per token. It is set to depreciate in value every hour a token is not bought from it. It will lower itself to the price point of $90 per token. Every purchase resets the hour long timer until token price depreciates again. No tokens are bought for an hour — again the price of the token drops, this time to $80. Another hour passes, now it is valued at $70. This cycle would continue until all the tokens are purchased or they become valued at $0.
Batch Auction
Batch auctions are based around a single pool of tokens that is split amongst all auction participants. At the end of the auction the token price is determined by the total amount raised from all participants. Everybody participating gets a share of the tokens equal to their share of the contribution pool.
Crowdsale
Crowd sales are the simplest auctions, featuring a fixed price and a fixed set of tokens.
Visit the new MISO now at https://app.sushi.com/miso! Always use with caution an do your own due diligence!
Sushi is building a comprehensive DeFi ecosystem with AMM, leverage & margin trading platform, token launchpad and NFT artist platform. Follow our socials to keep up with our product launches and find out more on how you can make the most of your cryptocurrency assets with Sushi’s secure and powerful DeFi tools!
Exchange | Kashi | MISO | Docs | Discord | Twitter | Telegram | YouTube | Tutorial | Github
