The Meme Coin Problem and Solution

Introducing: The AbraKadabruh Bot. The anti MEV Sniping bot solution.

Paired with Meteora’s locking vault token launch mechanism.

The Recursed Shall Rise

Within this medium article I intend to:

Introduce to you anon, A New Anti-Bot Mechanism to Level the Playing Field for Genuine Supporters at Token Launch.

The Solution to Jared The Subway on Eth and Solana For New Token Launches on any proof of stake blockchain, such as pump.fun launches on solana….

Man oh man, what a time it has been anon.

30 days ago, we pumped fun for the first time. Since than, pump.fun has become the #2 most liquid cryptocurrency application as far as total volume and has surpassed Solana, Cardano, and even uniswap as the solana web application is truly showing you the potential and real life use case and practice for the solana Blockchain in real time.

Solana has been true and tested. And For a Blockchain where, most of you fudded us, because we were busy having too much fun to care when Solana had any down time. Shit half the fun was seeing who could front run a collection as soon as the down time was over, and the devs actually did something.

That’s right anon. It is me. SOLizardKing. The Homie, the one and only.

I was and still am. I just became a better version of myself. Through the bitcoin blockchain, AI, and the love and passion of the people and my peers…

I was able to in my 30s, have a renaissance of sorts, and was able to truly change my life, and become a full stack developer of sorts, as far as I can tell that is what it is called. But For Me, with great power does come great responsibility. So with that, I bring you the Happy Gilmore Bot for Solana, Bitcoin, And Beyond…

Let’s start out by saying, F Jared from Subway, whether the MEV bot is on Eth, Solana, Binance or whatever, that bot wreaks havoc and makes great tokens, look like they are being sandwhiched down to oblivion. I myself have been the victim of this recently, and it’s pretty wild to see it take place on the same blockchain where Eth developers and community members, used to call us, the solana poors!

These same bots are now executing tx in real time in the same block, epoch, and lamport, for upwards of 500k USD each buy/sell. This is effectively sandwhiching that channel, and range, and allowing for maxium extraction of the profit margin and fees if you will.

They tend to only make about 7–1000 USD each time…But think about this…Exponentially, using AI, telegram, automous MEV bots are absolutely wrecking new token launches on solana right now. So with that, and no further adeux..I bring to you the solution.

Brought to you by the legends over at meteora. Now if you go to your dex screener youll notice two coins sometimes. One coin is the raydium pool, but sometimes its done through the meteora pool.

This will be the first time I use it tonight, and I will share with you what I am doing, what they are, and how they just changed the game and saved Meme season for Solana Summer.

Bear wif me anon, I am Solana Stoned.

The Problem with Sniper Bots in Token Launches

What Are Sniper Bots?

Imagine you’re at a concert, and you’ve been waiting in line for hours to get tickets. Suddenly, a bunch of people cut the line, grab most of the tickets, and resell them at higher prices. That’s pretty much what sniper bots do during a token launch.

Why This Is a Problem

1. Unfair Advantage: Sniper bots can buy a huge chunk of the token supply right when it launches, often at super low prices.
2. Limited Distribution: Instead of tokens being spread out among many users, they end up with a few bots looking to make a quick profit.
3. Price Inflation: Bots sell these tokens to most users at high prices on launch day, leaving many people frustrated. The price chart looks bad, and it doesn’t show the real value of the token.
4. Community Damage: This can hurt the project’s reputation and make it harder to build a strong, supportive community

The primary goal is to help projects and users minimize the impact of sniper bots, promoting a fairer token launch for everyone involved.

Meteora has introduced an innovative anti-bot vault specifically designed for DLMM bootstrapping pools.

This vault empowers projects and their communities to defend against mercenary sniper bots and secure token allocations at the earliest — and often lowest — prices during launch.

Now let’s talk more about Meteora and their locking vault

Introduction

The Anti-Bot Vault mechanism is designed to protect token launches from sniper bots and ensure a fairer distribution of tokens among genuine supporters. This mechanism helps to mitigate the negative impact of bots, which often buy large quantities of tokens at launch, disadvantaging real users and supporters.

The Problem with Sniper Bots

During a token launch, sniper bots have an unfair advantage as they can:

• Purchase a substantial portion of the token supply at very low prices.
• Cause tokens to be held by a few entities looking for quick profits.
• Inflate token prices immediately after the launch, leading to dissatisfied users and a distorted market value.

These scenarios hinder the fair distribution of tokens and negatively affect the project’s reputation and community building.

Anti-Bot Solution for Genuine Supporters

Meteora’s new anti-bot vault is specially designed to tackle this token launch problem by enabling any user to be the first buyers of the token. Projects can configure the vault parameters so that tokens are locked up for a day or more and later vested for a short period, e.g., 30 days.

Key Features

1. First-to-Purchase Ability:

• The vault is whitelisted to buy tokens from the pool before the activation slot.
• Vault users can buy the token at the earliest (and likely lowest) price before the activation slot and thus before sniper bots.

2. Fairer Distribution:

• All vault users get their tokens at the same average price.
• The amount of tokens received is proportional to their share of the total amount of USDC deposited.

3. Configurable Token Lock-Up Period:

• Projects can configure vault parameters such that tokens bought by the vault are locked and subsequently vested for a few days.
• This encourages purchase by genuine supporters of the project, as they are more willing to hold their tokens for a day or so longer.

Vault Customization Options for Projects

Projects like UpRock who use the Alpha Vault for token launches have the flexibility to tailor vault parameters to suit their specific launch requirements, such as:

• Setting maximum purchase limits.
• Defining the lock-up and vesting periods for users.

How to Use the Vault

Step 1: Deposit USDC into the Vault

Deposit During the Deposit Period:

• Navigate to the left section of the page to access the anti-bot vault.
• Click the “Deposit USDC” button to begin.
• Use the slider tool or type in the exact USDC amount you wish to deposit into the vault.
• You can only deposit USDC during the deposit period, and a timer at the bottom shows a countdown to the end of the deposit period.

Withdraw During the Deposit Period:

• After depositing USDC, you can choose to withdraw anytime before the end of the deposit period.

Note: Average vault price changes based on total USDC deposited in the vault and total token amount that would be acquired.

• Estimated discount % from launch price assumes the vault acquires its max token allocation. This discount % changes depending on how close TVL is to the Vault Max Cap.

Step 2: Withdrawing Unused USDC

• Once the deposit period ends, you can no longer deposit more USDC or withdraw your earlier deposit.
• The vault becomes active and will begin using the USDC collected to buy tokens from the pool.
• All vault users get their tokens at the same average price, and the amount of tokens received is proportional to your share of the total amount of USDC deposited.

What Happens if TVL Exceeds Vault Max Cap?

• If the TVL in the vault exceeds the max cap the vault can buy from the pool, unused USDC will be returned to you and you can withdraw them anytime once the vault token acquisition period is over.
• For example, if you deposited 100 USDC and TVL in the vault is 10M USDC, but the vault max cap is 1M USDC, only 1/10th of your USDC deposit will be used to purchase tokens. 90 USDC from your 100 USDC deposit will be unused and returned to you.

Step 3: Claim Tokens After the Lock Period

• Some time after the launch of the pool, locked tokens in the vault start vesting over a few days.
• The exact slot where tokens get unlocked and vested depends on the token project, who can configure the parameters based on their needs.
• You can claim unlocked tokens anytime!

Benefits of Locking Tokens

Increased Liquidity

• By locking tokens for a certain period, it ensures that tokens are not immediately dumped on the market. This creates a more stable market environment with increased liquidity as tokens are gradually released.

Enhanced Value

• Locking tokens signals to the market that the holders are committed to the project for the long term. This can positively impact the token’s value as it reduces immediate sell pressure and fosters a more stable and supportive community.

Alignment with Genuine Supporters

• Genuine supporters are more likely to hold tokens for a longer period, aligning their interests with the project’s long-term success. This helps in building a loyal community that is vested in the project’s growth and stability.

They believe the Alpha Vault can be a great tool for all token launches, ensuring a fairer distribution and better market conditions. Please note that the vault is a new feature in Beta, so do your own research (DYOR) and stay informed about its developments.

Why Use This Vault and How to Get Started

How the Vault Helps

This vault is designed to solve these problems by:

• Giving Everyone a Fair Chance: It lets genuine supporters, like you and me, buy tokens at the earliest and likely lowest price, before the bots can get in.
• Ensuring Fair Distribution: All vault users get their tokens at the same average price, based on how much USDC (a type of cryptocurrency) they put in.
• Encouraging Long-Term Support: Tokens bought through the vault are locked up for a day or more and then gradually released. This means only serious supporters, who are in it for the long haul, will benefit.

How to Use the Vault

1. Deposit USDC:

• Before the token launch, go to the vault section and click “Deposit USDC.”
• Enter the amount of USDC you want to deposit

2. Check Your Stats:

• See how much USDC is already in the vault and the estimated amount of tokens you’ll get.
• You can withdraw your USDC anytime before the deposit period ends if you change your mind.

3. Wait for the Launch:

• After the deposit period, the vault uses the collected USDC to buy tokens from the pool.
• If there’s more USDC than needed, the extra will be returned to you.

4. Claim Your Tokens:

• Once the lock period ends, you can claim your tokens as they are gradually released.

By using this vault, we can protect ourselves from bots and make sure everyone gets a fair shot at the tokens. It’s all about supporting the project genuinely and building a strong community together

Now Let’s talk about launching a token through Meteora, to prevent spining and front running shall we?

Creating a Token with an Anti-Bot Vault on Solana

Welcome to this step-by-step guide on creating a token with an anti-bot vault on Solana. This guide aims to help you understand and implement a fair token launch mechanism that protects against sniper bots and ensures genuine supporters have an equal opportunity to participate.

Table of Contents

1. Introduction
2. Prerequisites
3. Setting Up the Environment
4. Creating the Token
5. Implementing the Anti-Bot Vault
6. Integrating with the DLMM Bootstrapping Pool
7. Testing and Auditing
8. Launching and Monitoring

1. Introduction

What is a Token?

A token is a digital asset created on a blockchain. It can represent ownership, access to services, or other forms of value.

What is an Anti-Bot Vault?

An anti-bot vault is a mechanism designed to protect token launches from sniper bots that buy large quantities of tokens at low prices, disadvantaging genuine users. This vault ensures fair distribution by locking tokens for a period and allowing only legitimate participants to purchase them.

2. Prerequisites

What You Need

• A computer with internet access.
• Basic understanding of blockchain concepts (optional).
• Willingness to follow instructions step-by-step.

3. Setting Up the Environment

Step 1: Install Necessary Tools

You will need to install some tools to interact with the Solana blockchain. Don’t worry; we will guide you through each step.

Install Solana CLI

1. Open your terminal (Command Prompt on Windows, Terminal on macOS/Linux).
2. Run the following command to install Solana CLI:

sh -c "$(curl -sSfL https://release.solana.com/stable/install)"

• sh
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• sh -c "$(curl -sSfL https://release.solana.com/stable/install)"

sh -c "$(curl -sSfL https://release.solana.com/stable/install)"

Install Rust

1. Run the following command to install Rust:

curl --proto '=https' --tlsv1.2 -sSf https://sh.rustup.rs | sh

• sh
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curl --proto '=https' --tlsv1.2 -sSf https://sh.rustup.rs | sh

1. Follow the on-screen instructions.

Install Anchor

1. Run the following command to install Anchor, a framework for Solana smart contracts:

cargo install --git https://github.com/project-serum/anchor --tag v0.18.0 anchor-cli --locked

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cargo install --git https://github.com/project-serum/anchor --tag v0.18.0 anchor-cli --locked

4. Creating the Token

Step 2: Create a New Solana Project

1. Open your terminal.
2. Run the following command to create a new project:

anchor init alpha_vault_token
cd alpha_vault_token

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anchor init alpha_vault_token cd alpha_vault_token

Step 3: Define the Token

1. Open the lib.rs file located in programs/alpha_vault_token/src/.
2. Replace the content with the following code to define your token:

use anchor_lang::prelude::*;
use anchor_spl::token::{self, Mint, TokenAccount};

declare_id!("YourTokenProgramID");

#[program]
pub mod alpha_vault_token {
    use super::*;

    pub fn initialize_token(ctx: Context<InitializeToken>) -> ProgramResult {
        let mint = &mut ctx.accounts.mint;
        mint.initialize_mint(
            ctx.accounts.authority.key,
            Some(6), // Decimal places
            None,
        )?;
        Ok(())
    }
}

#[derive(Accounts)]
pub struct InitializeToken<'info> {
    #[account(init, payer = authority, mint::decimals = 6, mint::authority = authority)]
    pub mint: Account<'info, Mint>,
    #[account(mut)]
    pub authority: Signer<'info>,
    pub system_program: Program<'info, System>,
    pub rent: Sysvar<'info, Rent>,
}

• rust
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use anchor_lang::prelude::*; use anchor_spl::token::{self, Mint, TokenAccount};  declare_id!("YourTokenProgramID");  #[program] pub mod alpha_vault_token {     use super::*;      pub fn initialize_token(ctx: Context<InitializeToken>) -> ProgramResult {         let mint = &mut ctx.accounts.mint;         mint.initialize_mint(             ctx.accounts.authority.key,             Some(6), // Decimal places             None,         )?;         Ok(())     } }  #[derive(Accounts)] pub struct InitializeToken<'info> {     #[account(init, payer = authority, mint::decimals = 6, mint::authority = authority)]     pub mint: Account<'info, Mint>,     #[account(mut)]     pub authority: Signer<'info>,     pub system_program: Program<'info, System>,     pub rent: Sysvar<'info, Rent>, }

Step 4: Deploy the Token

1. Build your project:

anchor build

1. Deploy your project to the Solana blockchain:

anchor deploy

5. Implementing the Anti-Bot Vault

Step 5: Create the Vault Program

1. Create a new Anchor project for the vault:

anchor init alpha_vault
cd alpha_vault

Step 6: Define the Vault Logic

1. Open the lib.rs file located in programs/alpha_vault/src/.
2. Replace the content with the following code to implement the vault logic:

use anchor_lang::prelude::*;
use anchor_spl::token::{self, Token, TokenAccount, Mint};

declare_id!("YourVaultProgramID");

#[program]
pub mod alpha_vault {
    use super::*;

    pub fn initialize_vault(ctx: Context<InitializeVault>, lock_period: i64, max_cap: u64) -> ProgramResult {
        let vault = &mut ctx.accounts.vault;
        vault.authority = *ctx.accounts.authority.key;
        vault.lock_period = lock_period;
        vault.max_cap = max_cap;
        vault.total_deposited = 0;
        Ok(())
    }

    pub fn deposit_usdc(ctx: Context<DepositUSDC>, amount: u64) -> ProgramResult {
        let vault = &mut ctx.accounts.vault;
        let user_account = &mut ctx.accounts.user_account;
        let token_program = &ctx.accounts.token_program;
        
        // Transfer USDC from user to vault
        let cpi_accounts = token::Transfer {
            from: user_account.to_account_info(),
            to: vault.to_account_info(),
            authority: ctx.accounts.user.to_account_info(),
        };
        let cpi_ctx = CpiContext::new(token_program.to_account_info(), cpi_accounts);
        token::transfer(cpi_ctx, amount)?;

        vault.total_deposited += amount;
        Ok(())
    }

    pub fn claim_tokens(ctx: Context<ClaimTokens>) -> ProgramResult {
        // Claim logic based on average price and user's deposited amount
        Ok(())
    }
}

#[derive(Accounts)]
pub struct InitializeVault<'info> {
    #[account(init, payer = authority, space = 8 + 32 + 8 + 8 + 8)]
    pub vault: Account<'info, Vault>,
    pub authority: Signer<'info>,
    pub system_program: Program<'info, System>,
}

#[derive(Accounts)]
pub struct DepositUSDC<'info> {
    #[account(mut)]
    pub vault: Account<'info, Vault>,
    #[account(mut)]
    pub user_account: Account<'info, TokenAccount>,
    #[account(signer)]
    pub user: AccountInfo<'info>,
    pub token_program: Program<'info, Token>,
}

#[derive(Accounts)]
pub struct ClaimTokens<'info> {
    #[account(mut)]
    pub vault: Account<'info, Vault>,
    #[account(mut)]
    pub user_account: Account<'info, TokenAccount>,
    #[account(signer)]
    pub user: AccountInfo<'info>,
    pub token_program: Program<'info, Token>,
}

#[account]
pub struct Vault {
    authority: Pubkey,
    lock_period: i64,
    max_cap: u64,
    total_deposited: u64,
}

Step 7: Deploy the Vault

1. Build your project:

anchor build

1. Deploy your project to the Solana blockchain:

anchor deploy

6. Integrating with the DLMM Bootstrapping Pool

Step 8: Set Up the DLMM Bootstrapping Pool

Integrate your token with the DLMM bootstrapping pool to facilitate a fair token distribution. This involves configuring the pool to recognize and interact with your token and the vault.

Step 9: Modify the Frontend

Create a simple web application to interact with the vault. This will allow users to deposit USDC, withdraw unused USDC, and claim their tokens after the lock period.

Frontend Example

import { useState } from 'react';
import { Connection, PublicKey, clusterApiUrl } from '@solana/web3.js';
import { Program, Provider, web3 } from '@project-serum/anchor';
import idl from './idl.json'; // Your IDL file

const { SystemProgram, Keypair } = web3;
const programID = new PublicKey(idl.metadata.address);
const network = clusterApiUrl('devnet');
const opts = {
    preflightCommitment: "processed"
};

const App = () => {
    const [walletAddress, setWalletAddress] = useState(null);

    const getProvider = () => {
        const connection = new Connection(network, opts.preflightCommitment);
        const provider = new Provider(connection, window.solana, opts.preflightCommitment);
        return provider;
    }

    const depositUSDC = async (amount) => {
        const provider = getProvider();
        const program = new Program(idl, programID, provider);

        try {
            await program.rpc.depositUsdc(new web3.BN(amount), {
                accounts: {
                    vault: vaultPublicKey,
                    userAccount: userTokenAccountPublicKey,
                    user: provider.wallet.publicKey,
                    tokenProgram: TOKEN_PROGRAM_ID,
                },
            });
        } catch (err) {
            console.error("Transaction error: ", err);
        }
    }

    return (
        <div>
            <button onClick={() => depositUSDC(100)}>Deposit 100 USDC</button>
        </div>
    );
};

export default App;

const { SystemProgram, Keypair } = web3;
const programID = new PublicKey(idl.metadata.address);
const network = clusterApiUrl('devnet');
const opts = {
    preflightCommitment: "processed"
};
const App = () => {
    const [walletAddress, setWalletAddress] = useState(null);
    const getProvider = () => {
        const connection = new Connection(network, opts.preflightCommitment);
        const provider = new Provider(connection, window.solana, opts.preflightCommitment);
        return provider;
    }
    const depositUSDC = async (amount) => {
        const provider = getProvider();
        const program = new Program(idl, programID, provider);
        try {
            await program.rpc.depositUsdc(new web3.BN(amount), {
                accounts: {
                    vault: vaultPublicKey,
                    userAccount: userTokenAccountPublicKey,
                    user: provider.wallet.publicKey,
                    tokenProgram: TOKEN_PROGRAM_ID,
                },
            });
        } catch (err) {
            console.error("Transaction error: ", err);
        }
    }
    return (
        <div>
            <button onClick={() => depositUSDC(100)}>Deposit 100 USDC</button>
        </div>
    );
};
export default App;

7. Testing and Auditing

Step 10: Test Your Implementation

Thoroughly test your implementation to ensure it works correctly under various scenarios. Simulate high traffic and sniper bot activities to see how your system handles them.

Step 11: Audit Your Smart Contracts

Consider having your smart contracts audited by a reputable security firm to ensure there are no vulnerabilities or potential exploits.

8. Launching and Monitoring

Step 12: Launch Your Token

Deploy your token and vault programs to the mainnet. Initiate the token launch and announce it to your community.

Step 13: Monitor the Launch

Continuously monitor the token launch to ensure everything runs smoothly. Address any issues promptly and keep your community informed.

Conclusion

Congratulations! You have successfully created a token with an anti-bot vault on Solana. This guide has walked you through the entire process, from setting up your environment to deploying and monitoring your token. We hope this guide has been helpful and wish you the best of luck with your token launch!

This guide should be detailed enough for someone with no development experience to follow along and understand the process. If you have any questions or need further clarification on any steps, feel free to reach out for assistance.