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Launch

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So, what is the launch program on Xeta? Launch programs allow creators to raise funds for a project by offering fungible tokens in exchange for XETA. After a launch has been created, users can participate in it until the launch completes and resolves. Afterward, users can claim the project tokens if the launch was successful, or their initial XETA contribution if the launch didn’t reach the minimum fundraising target.

To participate in a launch, visit the launch pool on the Xeta network app and click on “participate”. You will be able to specify a XETA amount that you would like to contribute, in exchange for tokens that the pool promotes. After the launch completes, you will be able to claim your tokens through the same pool page.

To create a launch pool, visit the Xeta network app, connect your wallet and click on “new pool” under wallet actions. You will be able to set your project token, the fundraising limit, target, as well as other configurations. Afterward, you can deposit tokens to the pool which will determine the launch rate. Keep in mind that half of the launch tokens are allocated for participants, while the other half is allocated for the swap pool liquidity of the associated token.

Intro

Launch pools allow creators to raise funds for a project by offering fungible tokens representing the project in exchange for XETA. Launch pools have a fixed rate of raising funds and a target (minimum) and limit (maximum) XETA amount. A successful launch pool (target amount reached before closure/expiry) automatically handles the liquidity deposit to the fungible token swap pool. Anyone who participated in the launch pool can then claim fungible tokens or recover their initial contribution if the launch didn’t raise the target amount.

Use Case: Raise funds for a project and automatically distribute raised funds to liquidity and/or creators.

Functionality

A fungible-token owner creates a launch pool for a fungible token and shares it with users who can participate by contributing XETA tokens. Pool creators can decide how many tokens they want to offer and how much they want to raise as a minimum and maximum amount. Once a launch expires or closes, participants can claim back either tokens (upon success) or their XETA contribution (upon failure). Since the pool automatically handles the liquidity deposit, successfully resolved launches are automatically tradeable at the token swap pool.

Methods

Transfer

Transfer XETA to the launch pool to participate.

Requirements: Active pool
Outputs: XETA transfer from sender to pool, Transfer claim from pool to sender
Inputs:
Amount - XETA contribution amount

Claim

Claim tokens upon success or XETA contribution upon failure.

Requirements: Concluded pool, Transfer claim
Outputs: Token transfer from pool to sender on pool success, XETA transfer from pool to sender on pool failure
Inputs:
Claim - Claim hash

Resolve

Resolve launch pool after expiry or if creator manually closed pool.

Requirements: Pool XetaBalance >= XetaTarget
Outputs: Liquidity transfer from launch pool to swap pool, Funds transfer from launch pool to pool creator
Inputs:
Token - Pool token

Create

Create a launch pool for a fungible token.

Requirements: Token balance
Outputs: Launch pool
Inputs:
Token - Token to launch
XetaTarget - Minimum XETA target
XetaLimit - Maximum XETA limit
Percentage - Percentage for liquidity vs. creator
TransfersLimit - Maximum number of participants
Expires - Datetime of expiry

Deposit

Deposit the fungible tokens and automatically determine the swap rate, based on 50% of the deposited amount allocated for swaps, 50% allocated for liquidity.

Requirements: Pool creator
Outputs: Token transfer from sender to pool, Deposit claim from pool to sender
Inputs:
Amount - Amount to be deposited
Unlocks - Unlocks datetime for claim

Withdraw

Withdraw previously deposited tokens, or remainder for a closed launch.

Requirements: Pool creator, Token balance in the pool
Outputs: Token transfer from pool to sender
Inputs:
Claim - Claim hash

Close

Creators can close the launch pool manually before expiry.

Requirements: Pool creator
Outputs: None
Inputs: None

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