FAQ
What is Axis?
Axis is a permissionless infrastructure layer that enables developers to build auction-driven applications. Applications combine various auction and token derivative modules to power specific use cases in a user-friendly interface.
What is the Axis dApp?
Our dApp is a suite of tools built on Axis to power next-generation token launches. It includes Sealed-Bid Auctions and Fixed-Price Sales, along with features like Callbacks, Allowlists, Direct-to-Liquidity, and Vesting.
How do Sealed-Bid Auctions work?
Sealed-Bid Auctions allow users to place private bids for a specific quantity of tokens at their preferred price. Once the auction ends, the system decrypts all bids and allocates tokens to the highest bidders, with the clearing price set by the last successful bid to be filled.
What are Fixed-Price Sales?
Fixed-Price Sales allow participants to purchase tokens at a predetermined price on a first-come, first-served basis. This mechanism is often used as the initial phase in a multi-stage token launch.
What are Curators, and how do I become one?
Curators vet and showcase token launches on Axis. Curation is permissionless at the contract level but currently gated for the dApp alpha release. If you are a founder, developer, DAO contributor, security expert, influencer, or have relevant expertise, you can apply to become a curator here.
How do Curator fees work?
Curators set their fee percentage on-chain up to 10%, which is visible to auction owners before applying. They are paid in the token being auctioned, aligning their interests with auction owners.
What is the Axis Referral Program?
Our referral program allows users to earn a share of an auction's quote tokens by promoting and directing traffic to specific auctions. Referral fees are defined by sellers at auction creation.
How can I participate in a token launch?
To participate, go to axis.finance and click “Launch App.” Connect your wallet, select a live Auction, and place a bid.
How do Fixed-Price Sales differ from Sealed-Bid Auctions?
Fixed-Price Sales sell tokens at a set price on a first-come, first-served basis, while Sealed-Bid Auctions allocate tokens to the highest bidders at a uniform clearing price.
What happens if my bid does not win in a Sealed-Bid Auction?
If your bid does not win, you can claim a refund after the auction ends. If a Direct-to-Liquidity Callback is implemented, you can purchase the token from the liquidity pool at a price similar to the clearing price.
How do Callbacks, Allowlists, and Vesting work in auctions?
- Callbacks: Automated actions triggered under specific conditions.
- Allowlists: Restrict auction access to a predefined group of participants.
- Vesting: Sets a schedule for token release, aligning long-term incentives.
How can I get help or support?
For help or support, join the Axis community on Discord.