Created on 17th August 2024
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In 2024, we saw a surge in meme tokens, with some achieving market caps in the millions of dollars. Tokens like Pepe and Shib still remain popular, driving active trading and speculation. However, this trend has also led to numerous pump-and-dump schemes, where creators launch tokens at fixed prices on popular IDO launchpads, cash out quickly, and leave holders exposed to risk.
Mint Mania changes the game by allowing creators to launch tokens without retaining any for themselves. This means buyers can invest with confidence, knowing that the price will increase as more people buy.
It took us two days to brainstorm what we could build. Once we decided and began working on the contract, we quickly realized that implementing a bonding curve was much more challenging than anticipated. You need a strong understanding of integrals and how price action can affect the curve.
With some confidence from our research on curves, we started implementing a quadratic bonding curve. However, this approach failed due to numerous overflow errors in our tests. After further research, we discovered Bancor's formula used in their AMM and adapted it to suit our needs. Unfortunately, this process took us eight days.
Finding the right Indexer was also challenging, we tried Envio, SubQuery, and Shovel before finally deciding to use Subsquid.
Subsquid lets us use the same PostgreSQL database as we use in our front-end making it easier to aggregate and make joins.
On the other hand, integrating Appkit and Wagmi was incredibly easy. It only took me two hours to incorporate everything into our Nextjs project. Kudos to the WalletConnect and Wagmi teams!
Tracks Applied (3)
Safe and Magic
Coinbase Onramp
WalletConnect