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💡 This document outlines the process and costs of listing a token in the Transak widget through the Immutable Group Flow, which guarantees discounted pricing and a premium listing process.
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⚙️ Token Listing Process Overview
The entire process for listing your game token on Transak typically takes 3-4 weeks from start to finish. Below are the steps to follow:
1. Set Up Your Liquidity Pool
- Set up a liquidity pool to enable Transak to facilitate payments for your game token.
- Ensure to provide sufficient liquidity to support the expected transaction volume for your token
- Recommendation: Use QuickSwap for your liquidity pool:
https://docs.quickswap.exchange/
2. Obtain a Legal Opinion
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Requirement: Every token needs a ****Legal Opinion from a reputable firm stating that your ERC-20 token is not a security to be listed. If the game doesn’t have its own legal opinion, Transak can facilitate this process. We have a partnership in place with Lawbeam, a UK law firm, which charges the following fees depending on where the game expects to have users.
- Fees:
- £6.5k GBP: Covers all countries except the US.
- £7.5k GBP: Covers all countries including the US.
- Payment: Fees are paid directly to Transak but must be in a separate transaction from the listing fee. Transak will take care of the whole process and settling payment with the legal firm.
- Complexity Fee: A complexity fee may apply if the legal opinion is particularly complex; this will be communicated in advance by the law firm.
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Follow these steps to proceed:
- Send an email to [email protected].
- Transak will gather necessary information and coordinate with the law firm.
- Turnaround time from the Law firm is 5 days.
3. Apply to List Your Game Token with Transak
- Please fill out and complete the token listing application.
- Link: Immutable Token Listing Application
- Response Time: Expect a response from Transak within 7-14 days (usually less than 1 week)