In the current market, Solana, the stronghold of meme coins, seems to be cooling down, which has given other public chains the opportunity to catch up, among which the competition between BNB Chain, Ethereum mainnet, and Base Chain is the fiercest.
We further analyze that currently these four chains almost all have the existence of "token launch platforms", including Solana's pumpfun; BNBchain's fourmeme; Base Chain's Virtuals protocol; and Ethereum mainnet, where the high gas fees have made it difficult for platforms within the ecosystem to take off.
However, the Ethereum ecosystem still has Base Chain to support it. In addition to Virtuals protocol, the newly launched Base meme launch platform flaunch also recently utilized the Hooks mechanism of Uniswap V4 to overturn many stereotypes about the functionality of meme launch platforms.
Integrating Meme Launchpad with Uniswap V4 Mechanism
As for the playability of flaunch that integrates with Uniswap V4, let's first introduce the Hooks mechanism of Uniswap V4:
The Hooks mechanism are smart contracts that run at specific moments in the lifecycle of a liquidity pool. These contracts allow developers to execute custom logic at different stages of the pool (such as initialization, adding or removing liquidity, before and after swaps).
By integrating the Hooks functionality, flaunch has added the following feature mechanisms:
1. Fair Launch of New Tokens
This feature allows tokens to be purchased at a fixed price within a single location, and the price will only start to be affected by market liquidity after the liquidity in that interval is filled.
In simple terms, this Hook is mainly used to restrict the increase and decrease of external liquidity during the fair launch period, in order to maintain price stability, which is different from platforms like Pumpfun and Virtual that start bidding on the internal order book.
When a new token is created, the token will enter a 30-minute fixed cycle, during which the purchase price for each user is the same. Once the 30-minute deadline expires, or all the tokens issued through the Fair Launch are sold, the token will enter the next stage.
2. Token Issuer Customizable Fee Sharing Mechanism
The flaunch revenue sharing mechanism allows token creators to decide the proportion of the collected swap fees to be allocated to themselves and the community. If you are a developer who prioritizes personal interests, you can set the "developer & community ratio" to 100%:0% or 80%:0%, and vice versa.
However, it should be noted that the revenue sharing ratio cannot be changed after it is decided.
3. Token Buyback Mechanism
Before introducing the token buyback mechanism, we need to know that the liquidity pool's transaction fees are usually paid in two assets, such as ETH + meme coin. However, flaunch, through the setting of the Internal Swap Pool (ISP) Hook, converts the meme coin into ETH (the exchange parameters can be customized) through a pre-emptive trading mode.
Whenever the meme coin transaction fee accumulates to 0.1 ETH, it will trigger the "token buyback mechanism" and establish a "Progressive Bid Wall (PBW)". This depends on the revenue sharing ratio set by the token issuer for the community. If the developer's share is 20%, then 80% will belong to the PBW (community).
The operation of this PBW is to add a limit buy order below the spot price of the meme coin. If the token price continues to rise, the PBW will readjust the limit buy order position to ensure price support.
4. Memestream Ownership Mechanism
Memestream is a transferable NFT attached to the token. The token issuer's revenue share will depend on who owns the Memestream (at which address).
For example, if A creates a token and sets the revenue sharing ratio to 100% for the issuer, and then sends the Memestream to Vitalik Buterin's wallet address. In this case, Vitalik Buterin's address owns the Memestream and enjoys the full revenue share of the token.
This mechanism can also spawn various gameplay in the future, such as donations, lending, leasing, and so on.
Flay Token Economics and Ecosystem Projects
On the other hand, the Flaunch governance token $Flay has a total supply of 1 billion, and the token economics are as follows: On-chain governance (20%) Foundation reserve (6%) Token liquidity (4%) Contributors (20%) NFT migration (50%): NFTX takes 33.35%, FloorDAO takes 16.65%.
In addition, the Flaunch ecosystem has the following projects worth noting:
- Platform governance token $FLAY: Token price $0.04811, market cap $28 million, highest reached $0.2679
- Platform mascot meme coin $FLNCHY: Token price $0.00001652, market cap $1.65 million, highest reached $0.000164
- Founder Nobi's cat meme coin $NOBI: Token price $0.000001894, market cap $149,200, highest reached $0.00009667
Looking at the token prices within the ecosystem, the market performance of Flaunch is indeed much quieter compared to its price peak period. However, given the innovative mechanisms of the ecosystem, such as token dividends and NFTs, which add more diversity to the gameplay, the author believes that Flaunch is a project that can be put on the observation list. However, as it is a new project, the security protection still needs to be verified, and readers should also be aware of potential risks.
