How to Participate In The CROWD Token Public Sale? 2022 — CrowdSwap

Important Dates:

Start time — 18 Feb at 13:00:01 UTC

Tokenomics

The CrowdSwap mission is funded by a fixed total supply of 1,000,000,000 (1 Billion) CROWD tokens. Here’s how they are allocated:

Step-By-Step Guide To Participate In The CROWD Token Sale

Step #1: Complete our whitelisting process

To make sure that there is no suspicious activity involved in the CROWD token sale, we require all our users to go through a verification process. It involves adding your name, surname, email, and wallet address through the following link: https://app.crowdswap.org/whitelisting

Step #2: Participate In The Auction When Public Sale Goes Live

Make sure your wallet contains the amount you wish to pay in USDT, as well as some MATIC for gas costs. On the day the auction goes live, the CROWD token sale will be mentioned on this link as one of the ‘Featured Auctions.’

Step #3: Connect Your Wallet

Link your crypto wallet and ensure that this wallet matches the one you registered with during the whitelisting procedure. Next, you should go to the ‘Featured Auctions’ section and look for the CROWD token auction.

Step #4: Submit Your Bid

Everything you need to know about participating in the public sale is available on the Gnosis Auction dashboard page of the CROWD token.

Final Step: Wait For The End Time Of The Auction

After the auction is completed, you must wait for the clearance price to be established. Anyone who puts the order below the clearing price will not get any $CROWD tokens, and their unspent funds will be available to collect after the auction is over.

Why Are We Launching On Gnosis Auction?

The CROWD token team looked into many auction platforms and found the Gnosis Auction to be the best one. This is because Gnosis Auction is a tool that determines token prices in a fair, transparent, and decentralized manner. It helps everyone involved in the CROWD token sale to:

Find the Lowest Price

Batch auctions determine the price where supply and demand intersect, which guarantees that all participants pay the same fair fee for the token.

Be 100% Fair

Gas conflicts and other types of manipulation are avoided. And the final pricing is determined by the willingness to pay, and scheduled batches prevent users from frontrunning.

Enjoy Simplicity

Auctioneers have the liberty to start an auction using the Gnosis Safe App or by running a simple script, while bidders can simply engage in auctions by selecting two parameters, which include quantity and price.

Important Points To Note

  • People may misunderstand the auction procedures and feel compelled to place big bids. However, this is not advised because all the winners will receive their $CROWD tokens at the same final clearing price established by the community of bidders.
  • Making extremely high bids and then canceling late in the auction process to deter other bidders are common examples of auction manipulation. The cancellation will then lower the clearing price, allowing manipulators to get a better deal than they would have gotten otherwise. This risk is addressed by the option to cancel bids after a set amount of time has passed in the auction and the need that bidders commit their funds to the smart auction contract before their bid is legitimate.
  • The fair batch auction approach requires buyers to select the price they believe the $CROWD token is worth based on the project’s value. At the end of the auction, this is the clearing price. Regardless of the amount they invested, all auction winners will obtain their tokens at the very same clearing price.

Step-by-Step auction walkthrough

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Find the best prices in the crypto space. Save significantly on your swaps.