This article is published on behalf of NeftyBlocks.
You probably know that meme tokens have been gaining tons of attention during the recent surge in cryptocurrency prices. Solana has emerged as a popular choice for trading these meme coins, with some of the most dramatic price movements occurring on this blockchain. Recently, the WAX blockchain got hit by a new meme token, WUFFI, which rivals the memes on Solana. WUFFI, a multi-chain meme token that trades on WAX, Solana, and Base, has paved the path to WAX’s meme token season!
Why Meme Tokens?
Meme tokens have proven to bring tons of fun and activity to the blockchain. Trading meme tokens can be extremely fun and are a cornerstone of building lasting, engaged communities! But it can also be dangerous. On Solana, the barrier to entry to create tokens is very low, which we love, but it brings a ton of disingenuous or malicious tokens.
Introducing LaunchBAGZ: Safe and Fun Meme Tokens on WAX
That’s why we decided to start LaunchBAGZ! LaunchBAGZ is a token launchpad for the WAX ecosystem. We believe trading meme tokens should be fun and safe! Our team created a toolkit that enables the swift launch of meme tokens. Technical knowledge is optional.
Objective Rating System
We have created an Objective Rating System to give our community as much confidence as possible with purely blockchain-verified elements that we affectionately call our Top 10ish Commandments for Meme Token Awesomeness & Safety. You can check them all out here.
Customizable Token Contracts
LaunchBAGZ has a standardized token contract that allows the creation of tokens with customizable transaction fees and sends those taxes to different wallets. For example, a token with a 5% transaction fee can divide the fee among different addresses. For instance, 2% can be allotted to a burn address, 2% to a rewards address, and 0.5% to marketing. Additionally, 0.5% of all token transactions will be received by LaunchBAGZ to ensure continuous development.
Fair Launch Mechanism
We also provide a fair launch mechanism, where early adopters owning a certain NFT can be part of the pre-sale and buy the token at the best possible price! It’s like being the very first person to buy from a just-created liquidity pool.
Automated Liquidity Pools
After the fair launch, LaunchBAGZ automates the creation of liquidity pools on TACO, an innovative and secure exchange on WAX with a doxed team! This initial liquidity will be burned, meaning that it will exist forever on the blockchain, creating a stable minimum base for all projects that launch on LaunchBAGZ.
When the liquidity pools open, individuals or teams with large allocations won’t be able to dump the market! Our vesting contract makes sure that tokens allocated for the project teams get released in a controlled manner.
The First Wave of Token Launches
We are thrilled to announce that we are prepared to commence the token launch process! Over the next several weeks, we will be launching ten tokens in collaboration with the project owners. Remarkable teams like WOMBAT have already confirmed their participation in this initial cohort! Those ten projects will provide at least $500 worth of WAX and USDT for liquidity. NeftyBlocks will match those $500 providing $500 worth of $NEFTY to create a third liquidity pool.
Future Plans for LaunchBAGZ
Afterwards, the platform will become self-service for everyone! And, of course, our rating system will assist in determining which tokens are the most objectively secure for investment! Any token launching on LaunchBAGZ will have the opportunity to present their project at the NeftyShow and engage with our community. LaunchBAGZ will host MANY community events, airdrops, and LP collabs with all our partner projects and friends in the WAX community!
We believe that your success is our success! What are you waiting for? Become part of LaunchBAGZ!
Join the LaunchBAGZ Community
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