Token Launches
Axis offers a suite of tools for next generation token launches. Sealed-Bid Auctions and Fixed-Price Sales are the two primary mechanisms for token distribution, which will be covered in-depth in later sections.
Callbacks, Allowlists, Direct-to-Liquidity, and Vesting are additional features that projects may implement into their auctions. Below are high-level overviews:
- Callbacks are advanced functions that augment auction behavior when certain conditions are met or when specific actions occur. If implemented, participants should be aware of their functionality.
- Direct-to-Liquidity is a type of callback that automatically creates a token's liquidity pool with auction proceeds. This adds a layer of programmatic security to a process that’s otherwise manual and prone to errors. It also enhances trust for buyers due to transparency on how funds will be utilized post-launch.
- Allowlists are used to gate access to a specific group of participants, such as early adopters or community members. Allowlists are particularly useful for Fixed-Price Sales, which are first-come first-served.
- Vesting is used to release payout tokens to participants over time for long-term incentive alignment. If implemented, participants will have to wait until the vesting duration ends before claiming their tokens. Vesting is best used for Fixed-Price Sales rather than Sealed-Bid Auctions.
Axis is designed to solve the Token Launch Trilemma and the shortcomings of existing launch mechanisms. For users, this may be important context on why some sellers will utilize different features — either independently or in stages. These posts are recommended for a deeper understanding of Axis: