Subatrate pallet to raise funds on launchpad crowdsales
This pallet is used to raise funds on launchpad crowdsales. Teams and projects that are just getting started launching their products would need to raise funds and even sell their tokens to the public. They need community backed by token holders of their token, that is the crowd so that they could have a strong start. By creating a crowdfunding campaign that ends with their project Tokens getting sold to the public, they can raise funds and sell their tokens to the public.
We happen to be working on a similar product in Setheum, providing the High-End LaunchPad (HELP) Protocol to do just that for the projects building/deploying their tokens on Setheum as smartcontracts contracts.
Therefore, to raise funds ourselves, we are developing this pallet for the Substrate Community to benefit from it, and for us to raise funds from the Web3 Foundation General Grants Program.
The idea is to use the grant program to raise funds for deploying our dedicated Setheum Network nodes to go live.
There are four participants in a LaunchPad Crowdsales Protocol, the Campaign Creator, the Campaign Beneficiary, the Crowd/Contributors, and the Governance Council.
- The Campaign Creator is the person who creates the campaign and the project.
- The Campaign Beneficiary is the person who receives the funds raised.
- The Crowd/Contributors are the people who contribute to the campaign.
- The Governance Council is the people who manage the campaign and the protocol.
The HighEnd LaunchPad Protocol lets teams/projects/campaigns achieve two (2) major goals at once, it raises money, and and sell their tokens to the public.
The protocol uses MultiCurrency to let the Campaign Creator choose which currency to raise/sell their tokens for. Therefore, Campaign Creator can choose to raise funds in any currency available on the chain.
There is a goal that is set by the Campaign Creator, the beneficiary of the fund and the Period (campaign period - amount of blocks a campaign should stay active) of the campaign and other information that describes the campaign.
A Launchpad Campaign has three stages in its lifecycle, they are as follows:
-
Pre-Funding/Proposal Stage: The Campaign Creator creates the campaign and sets the Period/TimeCap and HardCap. In this stage, the Campaign Creator must submit the proposal to the Governance Council along with a
SubmissionDepositrequired by the protocol. -
Waiting Stage: The Campaign waits for the appropriate time to start the Campaign. The Protocol has a
WaitingPeriodthat is set on runtime, and all campaigns have to wait for that period to start. -
Funding/Active Stage: The Campaign can raise funds and sell their tokens to the public in this stage. If the
goalis reached before theperiodto end the campaign, the campaign will be ended and the funds will be available for the public to claim and the raised funds for the Campaign Beneficiary or Creator to claim.
A successful Launchpad Campaign is one that has raised the goal and has sold their tokens to the public. Once the goal is reached, the Campaign is considered successful.
A failed Launchpad Campaign is one that has not raised the goal and has not sold their tokens to the public. Once the goal is not reached and the period to end the campaign has ended, the Campaign is considered failed and the campaign allocation of tokens is available for the Campaign Creator to claim refund and the raised funds are also available for the Crowd/Contributors/buyers to claim refunds all only before the RetirementPeriod of the campaign.
Commands to get started testing, building and running launchpad-crowdsales
To run the tests, run the following command:
make testsTo run the benchmark, run the following commands:
make benchmarkTo run the benchmark, run the following commands:
make initTo run the benchmark, run the following commands:
make buildTo run the benchmark, run the following commands:
make runApache License Version 2.0