On May 18, SushiSwap announced the launch of its IDO distribution platform, MISO, which allows project owners to start token pre-sales in more flexible ways, including Dutch auctions, co-curves, tiered systems, ETH subscriptions and more.
The SushiSwap Sushi Chinese website says that the MISO website is now officially live, and before officially starting MISO, three batches of pre-prepared projects will be introduced first (Batch 1: 2 projects, Batch 2: 10 projects, Batch 3: 20 projects).
The third batch: 20 projects). Until all batches are introduced, MISO will not open the coin issuance and auction functions. After a few days, the marketplace will be opened and a countdown will be available on the webpage accordingly. Soon after, MISO will integrate more other features, such as mining and and more open features.
The first project has now been announced as SAKE, the world’s first Sake NFT project, led by award-winning Sake Samurai Elliot Faber, and eventually only 888 bottles of SAKE will be available forever.
First launched last November by community developer gonpachi, the MISO proposal is a set of open source smart contracts that help projects launch new projects in Sushiswap. With MISO, tokens for projects can be created and also allow founders from non-technical backgrounds to issue tokens to launch projects. Project founders from non-technical backgrounds can customize the issuance of their projects, including initial token issuance, treasury, liquidity mining, etc. Through such a process, MISO can build its ecology of token issuance and trading for defi new projects.
A module used to issue tokens. Currently, MISO offers three types of token issuance, which can be selected according to your needs. Once tokens are issued or successfully launched on MISO, they can be distributed in our other modules as needed.
Three Token Types
Fixed volume tokens: Standard ERC20 tokens with no reissue function.
Tokens with incremental volume: ERC20 tokens with reissuable tokens. Minter and Pauser roles can be set.
SushiToken: An upgrade to the total number of tokens that can be reissued, with additional governance, mining, and management functions.
Option for token treasury custody or escrow, locking tokens based on time.
The market is also where tokens are sold. Project parties can choose from three different auction methods: fixed-price crowdfunding, bulk auction, and Dutch auction, depending on their preferences. After a successful auction on the marketplace, projects can choose to add liquidity to SushiSwap and apply for the liquidity incentive program Onsen.
Liquidity is the best part of MISO and the most attractive to project owners, and the PoolLiquidity contract takes all the hassle out of creating, funding and launching a liquidity pool on SushiSwap.
Pool Launcher: After completing the sale of the token marketplace, the PoolLiquidity contract automatically pairs the funds raised during the sale with the tokens set aside by the factory, which are then launched on SushiSwap as liquidity.
In addition, MISO is described as supporting MetaMask as well as multiple other wallet options. Currently, only Ether supports auctions and is being tested for the Coin Smartchain and multiple other chains.
Posted by:CoinYuppie，Reprinted with attribution to:https://coinyuppie.com/sushi-launches-ido-distribution-platform-miso-first-project-has-been-announced/
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