🔳How to Participate: Base Network
In this guide, we will walk you through the steps to successfully participate in a token auction. We'll cover preparation, swapping, and claiming proceeds.
There are 4 distinct steps that you should follow to participate:
Fund your wallet with eligible tokens.
Swap your selected amount of tokens for DEUS receipt tokens. There will multiple waves that you will be able to participate in.
View your portfolio of DEUS receipt or claim tokens.
Claim your official DEUS tokens after all the genesis waves have completed.
Part 1. Getting Ready to Participate
1. Connect Your Wallet
The first step is to connect your metamask wallet. Start by clicking the connect button at the top right corner of the genesis auction website. Base is an Ethereum Layer 2 blockchain. Ensure eligible tokens are on the Base Network.
The Genesis Auction portal only supports Metamask and Coinbase wallet.
Setting up a Metamask Wallet
To add Base as a custom network to MetaMask:
Open the MetaMask browser extension.
Open the network selection dropdown menu by clicking the dropdown button at the top of the extension.
Click the Add network button.
Click Add a network manually.
In the Add a network manually dialog that appears, enter the following information for Base mainnet:
NameValueNetwork Name
Base Mainnet
Description
The public mainnet for Base.
RPC Endpoint
Chain ID
8453
Currency Symbol
ETH
Block Explorer
Tap the Save button to save Base as a network.
You should now be able to connect to the Base by selecting it from the network selection dropdown menu.
Setting up a Coinbase Wallet
The Coinbase Wallet browser extension provides support for Base by default.
To use Base with Coinbase Wallet:
Open the Coinbase Wallet browser extension and log in to your account.
Connect to an app using Coinbase Wallet.
Open the network selection menu by clicking the network icon in the upper right-hand corner.
Select Base.
Your active network should now be switched to Base.
2. Fund Your Wallet with ETH for Transaction Fees
You will need ETH to interact with the Base network. Every transaction on the Base network has a transaction fee that must be paid in ETH. This fee is referred to as a ‘gas’ fee.
The Base network is cost-effective, so you won’t need much ETH tokens to pay for transactions.
3. Fund Your Wallet with USDC
To participate in the auction, you will need Bid Tokens. Those are the tokens that are eligible and can be used to acquire DEUS receipt tokens.
Wave 1.5 will use USDC tokens exclusively. Ensure you fund your wallet with the necessary USDC tokens to participate.
More token options will be offered in subsequent waves.
Part 2. Acquiring Receipt Tokens via Swap
1. Explore Auction Status and Live Info
On the Genesis Auction website (genesis.xmaquina.io), you can check the status of the latest auction right on the homepage. The auction will consist of multiple waves, with as many waves as needed to sell all the Genesis Auction allocated tokens. We expect the auction to conclude within 3 to 4 total waves.
You can sign up to receive email notifications about the start of each auction wave. While each wave is expected to last about two to four weeks, high demand may cause a wave to close in a much shorter time period.
For updates, you can also join our Discord, follow us on X and enable notifications to stay informed.
2. Wave Auction Information
Terms may vary with each wave:
Early Waves: Lower swap rates.
Later Waves: Higher swap rates with potentially different unlock percentages at TGE, depending on demand and market conditions.
For each wave, you’ll see:
Swap rate (per DEUS).
Unlocked Supply at TGE.
3. Swap
Follow these steps to complete your swap:
Enter the Amount: Decide how much you want to swap and input the amount.
Verify: Double-check that the amount is correct.
Confirm with MetaMask: Approve the transaction in your MetaMask wallet.
Sign the Transaction: Complete the process by signing in MetaMask.
The transaction typically takes about 10 seconds. You can monitor its status on-chain via the “My Swaps” section.
Part 3. Portfolio
After the transaction is confirmed on-chain, you can check your balance using:
The Genesis Dashboard
Your Wallet
The Genesis dashboard lets you visualize your portfolio of receipt tokens under the "Token Claim" tab, providing an overview of your holdings and their vesting details.
Part 4. Video Tutorial
Here’s a detailed tutorial video to guide you through every step of the process and ensure you can successfully contribute.
Part 5. Bridging to Base Network
If you need to bridge assets to Base, you can follow this third-party tutorial for a simple walkthrough.
Support
If you encounter any issues with any of the steps, please join our Discord for support. Our team is ready to assist you.
Last updated