SIL Finance x PentaLaunch Auction Subscription Guide
SIL Auction Subscription Guide
Basic Auction Information
- Auction Token: $SIL
- Auction Quantity: 40 $SIL
- Price range: $1000-$1500
- Single address limit: 0.4$SIL
- Opening Time: 17/06/2021 04:00 UTC
- Close Time：17/06/2021 10:00 UTC
- Time to claim: 17/06/2021 11:59 pm UTC
- Auction Platform: PentaLaunch
- Auction Payment: USDC
- Auction Curve: y = 3 * (x + 104) ^ 2 / 50 + 350
1. Please cautiously measure the risks of token purchase before your participation.
2. Please note that USDC requires approval before payment can be made, which cost BNB as transaction fees.
3. As PentaLaunch is an open platform for token auctions, please take precautions to guard against fraud.
Step 1: open the PentaLaunch Website.
Click https://curve.auction/#/ to open the website in Google Chrome.
Step 2: install the MetaMask wallet.
Install the MetaMask wallet plugin (https://metamask.io/). Skip this step if you have already installed the MetaMask wallet plugin.
Step 3: switch the network into BSC network .
Confirm that the MetaMask configuration is set on the Ethereum network
A note below will pop up if the Ethereum network wasn’t connected:
Step 4: prepare enough USDC and BNB in your wallet.
USDC is the capital used to pay the auction of $SIL. Each wallet address is only allowed to purchase up to 0.4 $SIL, which may cost about 400–600USDC;
BNB is used to pay the transaction fees (GAS) to ensure the success of auction payments. Please prepare at least 0.01BNB.
USDC and ETH can be purchased in centralized exchanges such as Binance. After purchase your USDC can then be transferred to your MateMask wallet.
Step 5: enter the $SIL auction interface.
Click https://curve.auction/#/ to participate in the auction. Choose the $SIL auction and subscribe to the token.
During the auction the token displayed will be b$SIL. Upon conclusion of the auction b$SIL can be redeemed into $SIL. (The screen shot below is for reference only as the auction hasn’t opened yet)
Please click JOIN to enter the auction interface.
Step 6: set up and participate in the auction.
- Confirm the purchase quantity (Maximum Limit: 0.4 $SIL)
2. Click BUY.
3. Confirm the risk tip.
4. Approve the curve contract to use your USDC token before the first purchase.
5. Authorized your transaction in MetaMask.
6. You can buy $SIL after authorization is complete.
7. When the purchase is completed, the $SIL you bought will be displayed on the page. The Bonding Curve Token shows the tokens you bought at auction.
Step 7: redeem your tokens to your wallet.
After the auction has finished, you can open the auction page, and click REDEEM to redeem your tokens to your wallet (after 17/06/2021 11:59 pm UTC).
Those with green marks are officially certified curves, and those with red marks are officially confirmed SCAM curves. Please do not participate in the auction of SCAM curves.
SIL.Finance is a single sided yield aggregator (1 click hedging) with adventurous functional NFT farming card addons.
The SIL’s model is unique on the DeFi market, it’s single-sided functionality is solely contributed by users, the product gives all the possible choices back to the community.
SIL.Finance Social Media:
PentaLaunch is a bonding curve auction tool that allows open source projects and decentralized organizations to conduct token auction with customized curves. The platform was acquired by Dora Factory in late March.