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The BioDAO Launchpad helps BioDAOs crowdfund a treasury by launching tokens to their communities to support translational science and turn discoveries into cures.
As you land on the auction page, you'll find all the essential details about the auction, including the auction status, time remaining, and access to important links in the top section.
Keeping track of the auction goal and funds raised is super easy with the real-time progress bar.
For a better understanding of the auction dynamics, head to the Live Auction Info section. Here, you'll find vital insights such as the total amount of tokens available in the auction, total bids placed, current price, and projected price. This section will guide your bidding decisions.
Remember that bids can be canceled, and the cancellation date and time are readily available for your convenience. We'll explain the process of canceling and changing bids later on. When auction is closed and it's settled you will find auction results including: tokens distributed, total successful bids, closing token price and funding raised.
Navigate to the 'Make your Bid' button on the Auction page, you'll place your bid. Indicate how much you want to spend in the auction and set the maximum price you are willing to pay per token. This step is crucial, so take your time and choose wisely. If you need more guidance on how to place a bid, check the Step by Step guide and video available in the next section.
In the Activity section you can easily track all the bids made in chronological order. You can switch between two views: one that shows all bids ever made, including your own, and another that displays only your bids, indicating which ones are likely to succeed or fail, once you place bids you will have available bid price status and the possibility to cancel your bids.
Further down the page, you'll find the FAQs section, addressing common questions, and the details section that provides additional information about the auction. If you can't find an answer to your question head to the top section and you will find a discord or telegram available, that will guide you to the community forum where the auction initiators provide you answers to any question you have.