Launchpad Overview
Overview
The AstraDAO Launchpad is a powerful platform designed to facilitate the launch and management of new blockchain projects. It integrates multiple features to ensure secure, efficient, and transparent project launches. This documentation provides a detailed overview of the Launchpad Sale and all its features, ensuring that users and project creators can fully understand and leverage the platform.
Key Features
Whitelisting with PureFi
Token Sale Management
Vesting Mechanism
Purchase Limits and Tiers
Cross-Chain Staking Information
Security and Compliance
Admin Controls
1. Whitelisting with PureFi
Whitelisting ensures that only authorized participants can join a project's token sale. This process is managed through integration with PureFi, a compliance protocol that performs KYC (Know Your Customer) and AML (Anti-Money Laundering) checks.
PureFi Integration: Verifies participant identities and ensures regulatory compliance.
Approval Process: Participants submit their information through the PureFi portal, which verifies and approves or rejects the participant based on compliance checks.
Access Control: Only approved participants are added to the whitelist and allowed to participate in the token sale.
2. Token Sale Management
The core function of the Launchpad is to manage the token sale process. This includes handling contributions, distributing tokens, and ensuring a fair and transparent sale.
Sale Parameters: Projects define the sale start and end times, token price, total tokens for sale, and the base currency (e.g., ETH, USDC).
Contribution Management: Participants can contribute using supported cryptocurrencies, which are converted into a stablecoin for token purchase.
Real-Time Tracking: The platform tracks the total tokens sold, total amount raised, and the number of contributions in real-time.
3. Vesting Mechanism
To ensure long-term project stability and prevent immediate token sell-offs, the Launchpad includes a vesting mechanism.
Customizable Schedules: Projects can define custom vesting schedules, including cliff periods and linear vesting.
Automated Distribution: Tokens are automatically released to participants according to the vesting schedule.
Transparency: Participants can view their vesting schedules and track the release of their tokens through the platform's interface.
4. Purchase Limits and Tiers
To ensure fair distribution and prevent oversubscription, the Launchpad enforces purchase limits and participant tiers.
Purchase Limits: Each participant has a maximum purchase limit based on their tier and staking information.
Tiers: Participants are categorized into tiers based on their staking information and contributions. Each tier has different privileges and purchase limits.
5. Cross-Chain Staking Information
The Cross-Chain Staking Information feature allows users to utilize their staking information from the main chain to increase their purchase limits on other chains.
Staking Data Sharing: Staking information is passed across different chains, allowing users to leverage their staked AstraDAO tokens on the main chain.
Increased Limits: Users can avail increased purchase limits on any other chain by using their staking information from the main chain.
Axelar Integration: Utilizes the Axelar Network to handle cross-chain data securely and efficiently.
6. Security and Compliance
Security and compliance are paramount in the AstraDAO Launchpad. The platform integrates multiple layers of security to protect participants and projects.
KYC/AML Compliance: PureFi ensures that all participants meet regulatory requirements.
Smart Contract Security: All smart contracts are audited to ensure they are secure and free from vulnerabilities.
Cross-Chain Security: The Axelar Network provides robust security for cross-chain transactions, ensuring data and value integrity.
7. Admin Controls
The Launchpad includes various admin controls to manage the sale process and ensure smooth operation.
Ownership and Admin Roles: The owner of the Launchpad has the highest level of control, including creating and managing projects. Admins can manage project settings but cannot create new projects.
Parameter Management: Admins can update sale parameters, such as base amount and minimum contribution, as needed.
Token Withdrawal: Admins can withdraw unsold tokens and raised funds after the sale ends, ensuring proper fund management.
How It Works
Setting Up a Project
Define Project Parameters: Project creators define key parameters, including sale start and end times, token price, total tokens for sale, base currency, and any vesting schedules.
Whitelisting: Participants go through the PureFi whitelisting process to ensure compliance with KYC/AML regulations.
Launchpad Deployment: The project is deployed on the AstraDAO Launchpad, ready for participants to join.
Participating in a Token Sale
Whitelisting: Participants must complete the whitelisting process to be eligible to participate in the token sale.
Contribution: Whitelisted participants can contribute using supported cryptocurrencies (e.g., ETH, USDC). Contributions are converted to stablecoins as necessary.
Token Allocation: Tokens are allocated to participants based on their contributions and the project's parameters.
Vesting and Token Release
Vesting Schedule: Tokens are released to participants according to the project's defined vesting schedule.
Automated Distribution: The vesting mechanism automatically releases tokens to participants over time.
Transparency: Participants can view their vesting schedules and track the release of their tokens through the platform's interface.
Cross-Chain Staking Information
Staking Information Sharing: Users' staking information from the main chain is shared across different chains.
Increased Purchase Limits: Users can use their staking data to avail increased purchase limits on other chains.
Axelar Network: Manages the secure and efficient transfer of staking information across chains.
Admin Management
Ownership and Admin Roles: The owner has full control over the Launchpad, while admins can manage project settings.
Updating Parameters: Admins can update sale parameters, such as base amount and minimum contribution.
Token Withdrawal: Admins can withdraw unsold tokens and raised funds after the sale ends.
Security and Compliance
KYC/AML Compliance: Ensures all participants meet regulatory requirements through the PureFi integration.
Smart Contract Audits: All smart contracts are audited to ensure security and reliability.
Cross-Chain Security: Utilizes the Axelar Network to secure cross-chain transactions and maintain data integrity.
Example Workflow
Project Setup: A new project is set up with a defined token sale schedule, price, and vesting period.
Whitelisting: Participants complete the KYC/AML process via PureFi and are added to the whitelist.
Token Sale Start: The sale begins, and participants contribute using supported cryptocurrencies.
Token Allocation: Tokens are allocated to participants based on their contributions.
Vesting: Tokens are gradually released to participants according to the vesting schedule.
Cross-Chain Staking: Staking information is shared across chains, allowing participants to leverage increased limits.
Sale End: The sale ends, and admins can withdraw unsold tokens and funds.
Conclusion
The AstraDAO Launchpad offers a comprehensive and secure platform for launching new blockchain projects. Its features, including whitelisting, factory management, vesting, and cross-chain staking information sharing, provide everything needed for a successful project launch. Participants can join token sales with confidence, knowing their investments are secure and compliant with regulations. The platform's robust infrastructure ensures a smooth and transparent launch process, benefiting both project creators and participants.