Dora Factory Balancer LBP Participation Tutorial
Dora Factory's Balancer LBP is live at:
The launch of Dora Factory's Balancer LBP is scheduled to start at 12:00 pm UTC+0 on March 22, 2021. The LBP will last for 46.5 hours, and ends at 10:30 am UTC+0 on March 24, 2021. (Singapore/Hong Kong time from 20:00 pm on March 22, 2021 to ~18:30 pm on March 24, 2021).
The trading pair is DORA/USDC, the initial weight will be 96:4, the end weight will be 45:55. Dora Factory will first inject 900,000 DORA tokens and 937,500 USDC into the smart pool. The auction will end after around 12600 blocks. The start price of the DORA tokens of this LBP will be roughly 25 USDC.
If you want to participate in this LBP, please follow the steps below:
Note: This tutorial was written before the start of Dora Factory LBP, so time and parameters are subject to changes. If you encounter any problems, you can contact DoraFactory community managers for technical support, Telegram: https://t.me/dorafactory
Steps
(1). Prepare a wallet supported by Balancer. Currently, Balancer supports the following wallets:
(2). Prepare a certain amount of ETH in the wallet as the gas fee, as well as the currency accepted by the Balancer LBP (USDC).
(3) After the event starts, enter the Balancer exchange, and select the trading pair USDC/DORA (note that the following Swap picture is a schematic diagram, currently the trading pair does not exist, please log in to the Balancer page at the start of LBP) .
You can find the Balancer page at:
Note: if you cannot find DORA token, please search Dora Factory ERC-20 Smart Contract Address and directly select it. (Dora Factory ERC-20 Smart Contract Address: 0xbc4171f45EF0EF66E76F979dF021a34B46DCc81d)
(4). After entering the purchase page on Balancer. You can enter the quantity that you need to purchase and click “Swap” to proceed with the transaction. For users who do not have USDC, they can choose ETH, USDT, DAI and other currencies to purchase, but Balancer will perform a conversion process, which will increase the user’s purchase cost.
(5) After the purchase is successful, you can check your wallet for number of DORA tokens purchased. If you cannot find DORA tokens in the wallet, you can directly add the DORA token through the Dora Factory ERC-20 Smart Contract Address (0xbc4171f45EF0EF66E76F979dF021a34B46DCc81d).
During this event, you can contact the DORA community administrator for technical support through the Telegram group.
