Token Launchpad Info

Info on the project behind the token

Pro Rata Presale

Definitions

• Presale Wallet: Where eveyone sends their SOL. Controlled by project owner.

• Distribution Wallet: From where the tokens are be distributed. Controlled by dev.

Process

1) The project owner creates a new wallet as Presale Wallet 2) Everyone sends their SOL to the Presale Wallet, there is no limit 3) The project owner sends the tokens to be distributed to the Distribution Wallet 4) After the presale ended, the project owner is free to take SOL from the Presale Wallet. Once the development fee has been paid, the distribution can start. 5) The script will distribute all tokens in the Distribution Wallet to all buyers proportionally based on how much SOL they sent to the Presale Wallet. 6) It is up to the project owner to refund people that sent SOL to the Presale Wallet after the presale ended

Advantages

• Very simple process from the user's perspective, just send some SOL to the Presale Wallet and wait for the tokens to arrive

• Project owner remains in control of the funds the whole time

• Presale can't be exploited by snipers

• No frontend that can be overloaded

• Everyone gets their tokens at roughly the same time