FAQs Archive

Q: How do I create a token sale?

To create a token sale for your project, simply visit the DistX app and go to "Create a Token Sale" from the main menu (top right). You will be required to complete a form to give DistX the information required about your token sale, and we will then be in touch regarding some KYC and to organise activation of your token sale.

Q: Can teams "rug pull" if they use DistX?

If a team has selected to list on UniSwap and lock their liquidity for a certain period of time, they will not be able to withdraw that liquidity for that period. After that period ends and their funds are unlocked, they will be able to access and remove funding if they wish.

Q: Do I need to create an account to participate to a token sale?

No. You will only need to connect MetaMask, just like using UniSwap. To access your previous token sale purchases, you only need to connect MetaMask and visit the DistX app. We don't collect any personal information.

Q: What is "early access" and how does it work?

Early access is a feature giving a benefit to DISTX token holders. When creating a token sale, teams can decide to open the token sale early for DISTX token holders. They can decide the time (how early) as well as the minimum amount of DISTX the participant must hold. For example, a sale for ABC Token might have early access on November 15th at 3pm, and Public access on November 15th at 6pm, with minimum holdings of 5,000 DISTX. So during the 3 hours of early access, if you hold over 5,000 DISTX, you will be able to participate. If you don't have over 5,000 DISTX you will need to wait until public access opens. Your DISTX must be in the same wallet that you have connected to the DistX app (that you are participating from).

Q: Is there any lottery or queue system for token sale participation?

No. Once a token sale is "open" you may need to be quick to contribute before it sells out. Don't worry, if you miss out, you'll receive an automatic refund of your ETH. It might be a good idea to increase your gas to give you an edge over others, for a popular token sale.

Q: What happens if a token sale doesn't reach soft cap?

If soft cap is not reached by the specified time, the token sale participants will receive an ETH refund. Their DISTXR tokens will be redeemable for ETH rather than for tokens. Teams are able to run another token sale at a later date to try and reach soft cap again, if they wish. It is quite a risk free process for all involved.

Q: Can I create my token through DistX?

Yes! As part of the "token sale creation" process you can opt to create your tokens. Simply enter the symbol, decimals, max supply etc and we'll help you to create your tokens and use them for your token sale. We only allow creation of basic, non-mintable ERC20 tokens with no special functionality. This is all included in the fixed fee, no extra cost.

Q: How do I qualify for the top 200 rewards?

To be eligible for the "Top 200 rewards" you must be a top 200 token holder according to Etherscan, and you can check here: https://etherscan.io/token/tokenholderchart/0x4B4701f3f827E1331fb22FF8e2BEaC24b17Eb055?range=200 We do not include team wallets or exchange wallets in the top 200, meaning the real cutoff number is closer to 207 or 208. Rewards for the top 200 holders are paid in tiers. You can find the tiers and some examples here: https://medium.com/@distx/top-200-rewards-tiers-revealed-46faf78c2cea Your tokens must be held in a personal wallet such as MetaMask or MyEtherWallet. Basically, just not on an exchange or any other wallet you don't have the keys for. Your rewards will be sent to the same wallet. The top 200 snapshots are carried out at the moment each token sale ends (either by time, or when it sells out).