🏈The Crowdpooling Process

1.The project owner supplies a number of tokens and sets the initial offering price and token cap. A portion of the tokens supplied will be used for crowdfunding and the rest will be used for ask-side liquidity in the pool. The owner also specifies a start and end time for the Crowdpooling campaign. After that, anyone can participate in the offering by staking their capital.

2.Once the Crowdpooling campaign ends, participants can claim the tokens based on their stakes at the pre-defined initial offering price. If there is more capital in the pool than the token cap, all participants will be able to claim the tokens proportional to their shares of the pool, at the initial offering price. Any difference between the amount the participants staked and the actual cost of the tokens is then refunded back to the participants.

3.After the Crowdpooling phase ends, new public liquidity pools for the token will be automatically set up on Starmaker. These pools will function using the tokens reserved for ask-side liquidity from Step 1. The starting market price is the initial offering price, allowing the pool to be open to spot trading immediately.