Super detailed guide｜Detailed explanation of the whole process of creating a new DAO Maker and the new rules of 5 times the quota

1. New Rule of 5x Quota

DAO Maker recently launched a new feature that can increase the Launchpad quota to 5 times: Boost Allocation Button . Brief summary:

1️⃣ Participants can replace $DAO with USDT.

2️⃣ After 48 hours, participants can choose to withdraw or continue staking.

3️⃣ Participants who keep staking $DAO can get the DAO Power quota bonus for participating in the DAO round of IDO.

DAO Maker officials also gave detailed instructions:

DAO Maker launched a public USDT over-subscribed IDO in December 2023, allowing anyone to participate, and each wallet can deposit up to Input 10,000 USDT. If an additional 1 million USDT is added to the liquidity, DAO Maker will consider increasing the maximum limit to 25,000 USDT per KYC wallet.

DAO Maker will conduct new system testing aimed at promoting the sustainable conversion of USDT to new $DAO stakers. Through the Boost Allocation Button, new users have the opportunity to exchange their USDT for DAO, increasing their quota to 500% within 48 hours.

After the IDO ends, participants can withdraw the DAO and exchange it back for USDT, or continue to keep it on the contract. Users who choose to keep their tokens on the contract will be granted DAO Power and therefore can immediately join DAO stakers’ private IDOs (i.e. DAO Round IDOs). On average, for each IDO, there are approximately 15 million USDT from 3,000 users in the Public Round. In order to continue to improve this mechanism, DAO Maker hopes to achieve a conversion rate of at least 2% - 3% (each IDO has 300,000 USDT USDT is exchanged for $DAO), if it reaches 5%, 600,000 USDT for each IDO will be exchanged for pledged $DAO.

DAO Maker will test the system this Friday (March 15th), and then adjust the amount of the increase as needed, or may completely remove this mechanism. It is currently only for testing. Such changes may bring It will have a huge impact, and DAO Maker said it will treat it with caution.

At the same time, DAO Maker also predicted that there will be 12 IDOs in the next 30 days.

2. How to participate in the DAO Maker public offering

The new round will be divided into public rounds (Public Round). There is no DAO Power pledge bonus for the quota. Use USDT to pay, and you can choose BOOST to obtain 5 times the quota. .) and DAO Round (DAO Round, the limit is increased by DAO Power pledge, and DAO payment is used).

1. Participate in the public round (Public Round) public fundraising process

Step 1:

Open the Launchpad homepage: https://app.daomaker.com/launchpad

Second step:

Link the wallet in the upper right corner. The payment action is completed on the BSC chain. You can use EVM compatible wallets such as Little Fox to link.

The third step:

Select the project that is being raised publicly and click on the header image to enter the public offering page. The upper right corner of the header image will also display whether the project is refundable. If it is a refundable project, it generally supports a 7-day no-reason refund (if you do not make a claim, the refund conditions are different for each project, please refer to the official announcement).

Step 4:

Click Review to view the research report. Please read the project research report carefully to clarify the details of the tokens you invest in. After reading, click Offering to enter the public offering page.

Step 5:

Participate in the public round and click Participate to go to the payment page.

Step 6:

Click the corresponding switch and select the new mode of the public round.

• Boost mode: 5 times the quota can be obtained, and the USDT paid will be traded for DAO. After the IDO is over, you can choose to return the DAO to your wallet, or keep it to obtain DAO Power, and you can get the new DAO Power quota bonus for participating in the DAO round.

• Classic mode: There is no limit bonus, the limit is calculated based on the payment.

After selecting the mode, fill in the payment amount, and then click Approve to go to Little Fox for authorization.

Step 7:

In the little fox pop-up window, make sure that the expenditure limit is greater than or equal to the payment amount, click Next, and then click approve.

Step 8:

Click the Deposit button, click the Proceed button in the pop-up window, and then click on the Little Fox Click Confirm in the pop-up window to complete the payment.

##Payment completed:

2. Participate in the DAO Round to create new coins

Step 1:

Refer to the first few steps of the public round, click DAO Round on the Offering page to enter the DAO Round to create new coins.

Step 2:

Click the Deposit button to make the payment.

The third step:

Select the method to obtain the quota, guaranteed distribution or lottery. Then complete the payment.

• The guaranteed distribution will be carried out in the following order: priority will be given to meeting the minimum guaranteed distribution quota of DAO pledgers, and then the excess will be distributed with non-pledgers according to the over-raising ratio.

• In the lottery, the minimum guaranteed amount is given up and then directly replaced by lottery tickets. In the end, the minimum guaranteed amount and the excess amount of the person who draws the lottery are mixed into a lottery pool, and the lottery is conducted according to the lottery tickets.

For example, if a project has a quota of 100,000 U, then the over-raising ratio is 20 times. DAO pledgers are guaranteed to allocate 50,000 U, and these 50,000 U will be allocated according to the guaranteed allocation ratio of each user. (The corresponding quota is the From Power quota you see) The remaining 50,000 U will be allocated to both non-pledged users and pledged users at an over-raising ratio of 20 times (this is the From Deposit quota you see). If the user chooses to guarantee allocation, the allocation will be carried out in proportion throughout the process. If the user chooses a lottery, a large pool will be formed for the users who choose the lottery part, in which the lottery will be held.

You need to stake at least 250 DAO tokens to obtain DAO Power. The DAO Power each staker will receive is proportional to the number of pledged tokens. Every additional DAO pledged will be awarded 1 Power. When your pledge reaches different Tiers, the corresponding Power bonus will be given. In addition, the previous USDR will also be awarded to Power on a 1:1 basis. For specific level bonuses, please refer to the description of staking DAO in Chapter 3.

Guaranteed distribution mode:

Lottery mode:

To buy new coins and receive tokens Notes:

1. Please note that the upper limit of DAO tokens for each person's account payment is currently 25K (it may be dynamically adjusted in the future, you can click the exclamation mark icon on the right side of power and deposit to view).

2. If you want to obtain quota through staking, you can refer to the third part "Pledge DAO to obtain more quota". Your DAOpower will increase after staking. To unlock tokens, you need to keep your DAOPower greater than or equal to the number when you participated. If it is lower than this number for more than 72 hours, you will lose the subsequently unlocked tokens.

3. On the day the project goes online, you can receive tokens at:

https://app.daomaker.com/participations

, or click the refund button to get them instantly Get back your investment amount. The refund button has a countdown, remember to refund before the countdown ends.

4. KYC is required when receiving tokens. If you do not pass KYC, you can go to the corresponding claim contract to receive it directly.

3. Pledge DAO to obtain more quota

To pledge DAO, you can choose the ETH chain or the BSC chain. You need to purchase DAO tokens on the corresponding chain in advance. You can use DEX for SWAP, or on After buying on the exchange, withdraw it to your wallet. (Currently OKEX supports withdrawing DAO to BSC20 wallets, and GATE supports withdrawing to BSC and ERC20 wallets.)

If you choose to pledge DAO on the ETH chain, you can get additional buy-back token rewards.

Step one:

Enter the DAOMaker staking page: https://app.daomaker.com/staking

Step two:

Select staking Chain, enter information and store it in DAO.

• To pledge the DAO on ETH, you need to enter the number of days to pledge, and you can get additional repurchase token rewards. It can be pledged for 30-1095 days. The higher the number of pledged days, the higher the multiple of token rewards. It is currently 0.5 times in 30 days, 1 times in 60 days, and 18 times in 1095 days. Ending the pledge early requires deducting DAO as a fee for early withdrawal. This fee will be calculated based on the amount and time of the pledge.

• To pledge the DAO on BSC, you do not need to enter the number of days for staking, and there are no additional rewards for repurchasing tokens. There is a 15-day cooling-off period after staking, and a 15% fee will be charged for withdrawing tokens during the cooling-off period.

You need to pledge at least 250 DAO tokens to obtain DAO Power. The DAO Power each staker will receive is proportional to the number of pledged tokens. Every additional DAO pledged will be awarded 1 Power. When your pledge reaches different levels (Tier), the corresponding Power bonus will be given. In addition, the previous USDR will also be awarded to Power on a 1:1 basis.

Level 0: 250 - 1,999 DAO

Level 1: 2,000 - 3,999 DAO, 5% bonus

Level 2: 4,000 - 9,999 DAO, 10% Bonus

Level 3: 10,000 - 24,999 DAO, 15% bonus

Level 4: 25,000 - 49,999 DAO, 20% bonus

Level 5: 50,000 - 99,999 DAO, 25% bonus

Level 6: 100,000 - 200,000 DAO, 30% bonus

Example of how DAO Power is calculated:

One user Staking 2650 DAO, so his Power will be 2650 * 1.05 = 2,782.5 DAO Power

A user stakes 15,460 DAO, so his Power will be 15,460 * 1.15 = 17,779 DAO Power

ETH:

BSC:

After completing the pledge:

can be selected in the corresponding View the details of the pledge at the bottom of the chain, and click Unstake to withdraw the pledged DAO.

Note:

• There is a fee for withdrawing tokens during the staking period or cooling period. You can see the specific fee amount on the withdrawal prompt page

• To unlock subsequent tokens, you need to keep your DAOPower greater than or equal to the number when you participated. If it is lower than this number for more than 72 hours, you will lose the subsequently unlocked tokens.

ETH：

BSC：

4. KYC process

Step one:

Move the mouse to or click on the wallet icon in the upper right corner

##Step two:

Click Connect Wallet, Xiaofox authorizes it to connect to the wallet

Step 3:

Click the underlined link in the red area to go to KYC.

Or directly enter the page for KYC: https://app.daomaker.com/profile

##Step 4:

Click Sign in button, Little Fox authorizes the wallet to sign and complete the login

Step 5:

After filling in the name and email information, click Save to save

Step 6:

After saving, click the Start KYC button to perform KYC

Step 7:

Click Continue on the pop-up page to proceed to the next step

Step 8 :

Select the KYC method, you can scan the QR code on the current device or with your mobile phone

Step 9:

According to the selection in the previous step, complete the KYC information selection and data submission on the current device or mobile phone.

After KYC is passed:

After submission, you can click Profile in the upper right corner to view the KYC status. The status after passing is as shown in the picture.

##Q&A Q&A

I have 4,000 DAOs. If I pledge them all, how do I participate in the new creation? Is the new creation automatic?

No, staking will obtain DAO Power based on the pledge amount, and then a quota will be automatically allocated (equivalent to a minimum guarantee), but you need to make a payment (deposit) on the new page to create a new one.

How to check the USDT price corresponding to each DAO when making payment?

After the official announcement, click on the exclamation point mark of the total amount on the left to display the corresponding price of DAO. If it is not published, it cannot be viewed temporarily.

#Can I withdraw the pledged DAO after a period of time after the new launch?

You can withdraw it at any time when the pledge period or cooling period is met. When the staking period or cooling-off period is not met, additional fees will be deducted.

Note that to unlock subsequent tokens, you need to keep your DAOPower greater than or equal to the number when you participated. If it is lower than this number for more than 72 hours, you will lose the subsequently unlocked tokens.

What will happen if the DAO obtained after Boost is sold?

Boost is only for this public, which means that the project you are building is public in nature and will not be assessed by DAO Power. But if you unlock it, it will not affect the items you play through Boost.

If your next project is going to be a DAO round, after participating in the project, you must ensure that the DAO Power is maintained above the amount at the time of participation. If it is lower, there will be no subsequent unlocking.

Can I use domestic identity KYC?

Not recommended for use. If you have not passed KYC, you can also go to the corresponding collection contract to directly receive the new tokens.

The above is the detailed content of Super detailed guide｜Detailed explanation of the whole process of creating a new DAO Maker and the new rules of 5 times the quota. For more information, please follow other related articles on the PHP Chinese website!