Step 2 of 7 – Sale Info

The second step in the launch creation requires the token developer to decide whether they want to launch the token with a Soft or a Hard cap. The developer also needs to decide on what funds they are trying to raise for the token launch and the number of tokens for sale. The maximum time duration for a token sale is 7 days.

The MemePad platform will then automatically calculate all the data, to provide the developer with a clear overview of the details for launch such as the price per token, or the total token amount that needs to be spent for launch.

Soft + Hard Cap

Choose this sale type if you want your token launch to have a soft cap, as well as a hard cap. A soft cap being reached means that the token launch will be completed, even if it hasn't reached a hard cap.

  • Soft+Hard Cap Example - A soft cap of 50 BNB and a hard cap of 100BNB means that if your sale ends with 75BNB raised, your sale will be completed even though it hasn't reached the hard cap. You will then have to find an alternative use for the unsold 25BNB worth of your token. On the other hand, if a soft cap of 50 BNB hasn't been reached, the sale will be forfeit and the pledged funds refunded. There is a time limit of 7 days to reach the soft cap, which is calculated from the moment a sale begins.

Hard Cap Only

If you choose a hard cap only sale, your token launch will only be completed if and when the hard cap is reached.

  • Hard Cap Only Example - A hard cap of 100 BNB means that if your sale reaches 99BNB and ends, the token sale will not be completed and all of the pledges will be refunded. There is a time limit of 7 days to reach the hard cap, which is calculated from the moment a sale begins.