Analyzing Clanker and igniting a new narrative for AI Agents in the Base ecosystem

This article is machine translated
Show original

Author: Climber, Jinse Finance

Recently, the heat of Clanker has been at its peak, not only refocusing the market's attention on the Base ecosystem, but also making AI Agents the next narrative focus for analysts.

Clanker's breakout has also brought Farcaster back into the spotlight, with Farcaster founder Dan Romero saying he wants to create a hundred Clanker opportunities. At the same time, Clanker has also spawned a batch of popular MEME coins, with their market capitalization continuing to rise.

Many see Clanker as the social version of Pump.fun, combined with the AI Agents narrative, suggesting that this product may become the next wealth code. So what is Clanker exactly? Can ordinary users participate in token issuance? What other hot MEME projects related to AI Agents are worth paying attention to in the Base ecosystem?

I. How to play with Clanker?

In simple terms, Clanker is an AI program that can help users launch tokens. Users only need to @ Clanker on the Farcaster client like Warpcast or Supercast, and then write out the token requirements they want to deploy, and it will launch the token for them on Base.

The application was developed by Farcaster's full-stack engineer Jack Dishman and Farcaster ecosystem development founder @proxystudio.eth. According to the Farcaster founder, Clanker is based on a large language model (LLM), it can detect user content, and also support images and other functions, leveraging the distribution advantages of Warpcast.

In the latest official document from @proxystudio.eth, he has made new additions and explanations about Clanker.

Clanker is an autonomous agent for deploying tokens. Currently, users can request Clanker to deploy ERC-20 tokens on Base by tagging @Clanker on Farcaster.

The only requirement to use Clanker currently is to have a Farcaster account with a good Neynar user rating. The Neynar user rating is generated based on the user's behavior on the platform, with a score between 0 and 1, which can be obtained by interacting with high-quality users.

Each Farcaster account can request Clanker to deploy one token per day. When deploying a token, the user needs to tag Clanker (@clanker) in their Farcaster broadcast and provide the token name, token code, and optional image/gif in the broadcast body.

Clanker will respond to the user's request in the following three cases:

1. After successful deployment, Clanker will respond with a link to its website clanker.world, which includes a link to the token page of the deployed token.

2. If Clanker is unclear about the request, Clanker will ask clarifying questions to determine the token name, code, and whether the requester wants to deploy the token.

3. If the requester is unable to deploy the token for various reasons (token deployment limit reached, requester's Neynar user score is too low, requester has been banned from using clanker).

ALbe3e1auDhuAlIxxaIH6Z6sn3MemfiC2f49Q4HZ.pngroAALViXt9HzA2mHxNBkZ7uifsgXk7WXZhyaZDAr.png

A specific case is that the Warpcast user @artlu posted @Clanker and wrote the token name BURROTI and the token symbol BURRITO, and attached a picture of a Mexican burrito. Clanker not only helped him successfully launch the token, but also interacted with him.

Token Deployment:

After receiving a valid token deployment request, Clanker will deploy an ERC-20 token on Base by calling the contract:

Initial Token Minting: Mint a new ERC-20 token for the deployer contract.

Uniswap V3 Pool Creation: Initialize a Uniswap V3 pool with an initial market value of around $30,000.

Provide Liquidity to the Pool: Send the ERC-20 token from the deployer contract to the Uniswap V3 non-fungible position manager to add single-sided liquidity to the pool.

Liquidity Locking: Then send the LP NFT to the LP locking contract, with a preset default lock-up period.

Fee Structure and Rewards:

When Clanker deploys a token, it will launch a Uniswap V3 pool on Base with a protocol fee of 1%. As each token is traded, the 1% of each swap in the pool will be collected and redistributed as rewards:

60% of the swap fees - Protocol (Clanker)

40% of the swap fees - Requester (the user who requested Clanker to deploy the token)

Creating tokens on Clanker is free, and creators can get 40% of the Uniswap LP fees of the tokens they requested, so the more trading volume, the more ownership the user will have in the token, and the more ETH rewards they will receive accordingly.

II. Hot MEME Projects Related to AI Agents in the Base Ecosystem

As of the writing, Clanker has issued 4,339 tokens and generated over $7 million in revenue.

LWcAZui8MStOGdyK3hAMnV645B0gq9lbvTuB248e.png

According to data provided by Dune user @0xluc, during the period from November 20 to 26, Clanker's daily average revenue was the highest and showed a continuous upward trend.

iLH9doegbIXLaG45H4vrkmtkk7udwn0lfg1oReyk.png

According to Dexscreener data, the MEME coin CLANKER of the Clanker application currently has a market capitalization of about $87.5 million, a price of $87.54, and a 24-hour decline of 15.95%.

In addition to CLANKER, there are two other popular MEMES derived from the Clanker application: ANON and LUM.

ANON was created by Polish developer woj (@wojtekwtf) in October this year based on the Farcaster protocol, a social product called Supercast, which supports users to post anonymously through SuperAnon accounts using zk-proof technology.

Subsequently, an anonymous user interacted with Clanker through a SuperAnon account and successfully issued a MEME coin called ANON. The subsequent interaction between woj and the community also gradually made ANON famous.

On November 26, Farcaster co-founder Dan Romero posted that the social app Anoncast based on zero-knowledge proof technology has launched a new feature, allowing users to prove their authorship identity when needed while maintaining anonymous posting.

ANON has also become the first token purchased by Vitalik on Base.

k7bCS4qiYqeEK9AH4NrjAYqXD4L95MTno2ZhRZjF.png

ANON currently has a market capitalization of about $34.2 million, a price of $0.0034, and a 24-hour decline of 10%.

LUM is a token co-issued by the AI Agents Aethernet and Clanker, where a Farcaster user had the AI agent aethernet from the Higher community use Clanker to issue and deploy the token.

J0opMNdMmnV2ahrmLlD5c2zmsYzsc8EbSj3zmohB.png

LUM currently has a market capitalization of about $41.6 million, a price of $41.64, and a 24-hour decline of 10.91%.

In addition to the above MEMES, other hot AI Agent-related projects in the Base ecosystem include:

VIRTU

Virtu is an AI agent aimed at strengthening the Virtuals ecosystem on the Base blockchain. It provides development and adoption of technical solutions to drive the Virtuals ecosystem, and provides a set of support tools including functions for managing and optimizing digital assets.

AIXBT

AIXBT is an AI Agent published by @0rxbt on @virtuals_io, which can fetch data from multiple sources and over 400+ KOLs and output real-time information sources. If users hold more than 600,000 AIXBT tokens, they can also directly access the AIXBT terminal.

LUNA

Luna is a TikTok AI virtual idol and live agent created by the AI Agent Virtual Protocol on Base, with memory and interaction capabilities. The intelligence agent of Virtuals Protocol is the virtual bandmate called the AI-dol band, including Luna (lead vocalist), Olyn and Iona.

BUG

On November 26, Clanker encountered a technical glitch when processing a user's SantaClanker token minting request, accidentally creating a token called BUG, which was subsequently sought after.

Summary

Clanker can be said to have stacked a lot of hot concept buffs: AI Agents+Web3 social+MEME, and its way of producing MEMES is more close to daily life compared to Pump.fun, especially the AI agent generation attribute is more creative. However, in terms of current scale, it is still far behind Pump.fun, and there are also some limitations on the number and threshold of token issuance, so Clanker still needs to improve its own functionality.

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
1
Comments