🔒Security
Measures for each of the projects
The conditions are given so that all the projects that want to launch in DxLaunch take the necessary precautions and measures to transmit security to their potential investors. Safe projects will be rewarded.
Governance
At DxLaunch the holders are the ones who decide which projects are going to launch. Each project that wishes to carry out a presale must first apply and submit to a vote via governance. In case the quorum is reached and the vote is mostly positive, the project will be eligible to make its presale in DxLaunch. This action allows filtering those projects that are not attractive to the community and also for the project to start with a basis of trust in order to have a better presale.
Audit & KYC
We will encourage the use of audits as well as KYC for all projects. Be sure to look at each project to see if they have the "Audit" and "KYC" credentials. We have several auditing companies with which we are associated and from which you can receive various benefits. By being audited by one of these authorized companies, the project will successfully obtain an "Audit" badge indicating that the audit was performed. In the same way, projects will be able to obtain a "KYC" badge if they have passed the process correctly.
Audit & KYC are not exclusively necessary to carry out a presale, but they are good practices that we recommend to projects for the safety of investors.
Amount of liquidity
Initially, each project must add a minimum of 50% of liquidity from the funds raised on the pre-sale. This parameter can vary between 30%-50% and is subject to governance.
Liquidity Lock
The 100% of the liquidity will be automatically added by our smart contracts in one of our DEX partners according to what the project has chosen and locked for 6 months.
Project Funds Vesting
The rest of the funds available for the project will have a vesting period by our smart contracts with the following frequency:
Days after which funds will be released | Percentage of available funds |
---|---|
15 | 50% |
30 | 25% |
45 | 25% |
Security Fund
1.5% of each presale will always go to the security fund. This fund will be used as a backup to compensate investors in case a project decides to act in a bad way.
How to dispose of this fund?
You can make a poll at the governance section to ask for refunds for a project that has managed in an irresponsable way and has less than 3 months since its presale at DxLaunch. In case the vote is mostly positive and with the minimum necessary votes, the refunds will be made to the people who have participated in that particular project and proportionally to their investment in the pre-sale.
Presale Tokens Vesting
After the presale is over, the tokens will be available after 7 days and will be progressively released over the next 15 days. This has a double effect: On one hand, it avoids initial sell pressure and the price in the first days can only rise and, on the other hand, investors are not tempted to sell all the tokens as soon as they receive them, avoiding a sudden price drop.
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