Setting up a project
Select your smart contract
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You can find smart contract integration guide here: https://github.com/WingsDao/wings-integrationlight-bridge
If you have any questions feel free to reach out to us at any time.
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Here are following parameters available to you when configuring a WINGS crowdfunding contract. (All Note that all parameters are mandatory) :
- - token name, token symbol, token decimals (Range: 8 to 18)
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- Hard cap
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- Minimum funding goal (crowdfunding will be considered ‘failed’ if your project does not raise a minimum funding goal in crowdfunding period). Minimum funding goal cannot be less than 10% of your hard cap.
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- Token price + up to 7 time-related bonus prices
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- Up to 10 tokens pools (for bounty, team etc.). You can set an address, pool allocation amount, and token release date for each pool)
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- Crowdfunding duration: 3 days minimum, 50 days maximum
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- An address where funds collected from crowdfunding will be sent (we recommend using a multi-signature wallet)
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- Funding can only be provided in ETH.
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- All unsold tokens will be burned
Deposit Fee
To create a project on WINGS, a 5000 200 WINGS token deposit is required. Once forecasting has started deposit free will be redeemable upon the completion of crowdfunding.
Your deposit fee will be lost if:-
- the project is cancelled by you
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- the project is rejected by WINGS forecasters
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- You do not configure a crowdfunding campaign within 30 days after the forecast has completed
Configuring a forecasting
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You must set aside a reward for WINGS forecasters.
- You may choose an allocation of your native tokens. (min 0.1%, max 20%)
- The allocation % is based of the total number of tokens sold in your crowdfunding campaign.
- The % of tokens allocated for rewards will be generated and distributed separately from the tokens available for crowdfunding
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- You may choose to allocate a portion of the
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- Ether raised in your crowdfunding campaign (min 0%, max 20%).
For a Custom contract:
You are responsible for writing a short description of the rewards you will pay WINGS forecasters if your crowdfunding campaign is successful.
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If crowdfunding is unsuccessful:
- You will need to claim your deposit fee
- Tokens generated will be locked for eternity
- Funders will be given instructions on how to claim a refund