From the homepage, click the button that says ****Start a Party
.
Give the Party a name.
Set the goal for your Party. You can start a Party to do one of two things:
Add other Party Hosts (optional). You can add additional Hosts by inputting their Ethereum address or ENS name. Hosts are responsible for choosing the item to purchase in a Collection Party, setting Host Messages, and vetoing governance proposals when necessary. There can be up to 10 Hosts, including the Party’s creator. By creating the Party, you are automatically set as a Party Host and cannot be removed.
Set a duration for the crowdfund. If the Party hasn’t purchased the item within this timeframe, the crowdfund will automatically expire, allowing contributors to reclaim their ETH.
Make the Party public or private. Public Parties allow any Ethereum address to contribute. Private Parties limit which addresses can contribute and can be limited to an allow list or gated by a minimum balance of ERC-20 or ERC-721 tokens.
Choose the recipient and percentage of the Host Fee (optional). If a Host Fee is included, the designated address will get a specific amount of the Party's total voting power after the crowdfund ends, even if they don't contribute ETH to the crowdfund. The Host Fee lowers the voting power of the Party’s contributors, so be careful not to set it too high.
Adjust the governance settings. Customize the acceptance threshold, the length of the veto period, and the length of proposal expiration. There are a few things to consider:
Acceptance Threshold - The percentage of total votes that must accept a proposal for it to pass. The higher the acceptance threshold, the harder it is to pass proposals. You should only set a high threshold if you expect to have high participation from members of the Party.
Veto Period - A fixed amount of time that each proposal must wait to be executed after passing. During this time, any Party Host can veto the proposal. The longer the veto period, the more time Party Hosts have to veto proposals. However, a longer veto period also means proposals must wait longer to execute. You should set a longer veto period if you expect Party Hosts will be less active in checking on the Party.
Proposal Expiration - The amount of time that each proposal is live for voting before it expires. A longer proposal expiration gives your Party more time to vote and pass the proposal. Importantly, a longer proposal expiration does not slow down your Party; once a proposal reaches the acceptance threshold, it automatically moves into the veto period.
Customize your Party Card’s colors.
If you haven’t already, click Connect Wallet
.
Click ****Preview Party
to review your Party’s details. Make sure to review all settings and any warnings that appear.
Click Start Party!
and approve the transaction from your wallet. Once the transaction is complete, you’ll see a modal confirming that your Party was created.
Contribute ETH to the Party, set a Host Message, and share the link with anyone you want to join!