Note: The author of this article is NeftyBlocks!

You may have noticed that meme coins have gained a lot of attention during the recent cryptocurrency price surge. Solana has become a popular choice for trading these meme coins, and some of the most dramatic price fluctuations have occurred on Solana. Recently, the WAX ​​blockchain’s new meme coin, WUFFI, has been a huge success and has set off a "meme coin craze" that is comparable to meme coins on Solana. WUFFI is a multi-chain meme coin that can be traded on all three blockchains: WAX, Solana, and Base, paving the way for WAX’s meme coin season!

Why memecoin?

Memecoins have proven to be a huge source of fun and activity on the WAX ​​Blockchain. Trading memecoins is a lot of fun and is a cornerstone of building lasting, positive communities! Of course, memecoins can also be dangerous. We love that the barrier to entry for creating a memecoin on Solana is very low, but this has also led to a large number of fake or malicious coins.

LaunchBAGZ: Safe and fun meme tokens on WAX

That’s why we decided to launch LaunchBAGZ! LaunchBAGZ is a meme token issuance platform on the WAX ​​ecosystem. We believe that trading meme tokens should be fun and safe! Our team created such a toolkit to quickly launch meme tokens. Even without any blockchain knowledge, you can do it!

Objective rating system

We created an objective rating system that gives our community as much confidence as possible through a purely blockchain-verified element, something we affectionately call the "10 Commandments of Memecoin Excellence and Security". For more, head over to wax.launchbagz.

Customizable token contracts

LaunchBAGZ has a standardized token contract that allows the creation of meme coins with customizable transaction fees and sending these taxes to different wallets. Assuming the transaction fee is customized to 5%, this fee can be allocated to different wallet addresses. For example, 2% can be allocated to the destruction address, 2% to the reward address, and 0.5% to the marketing address. In addition, the remaining 0.5% is allocated to the LaunchBAGZ platform itself for the continued development of LaunchBAGZ.

Fair issuance mechanism

We also provide a fair distribution mechanism, where early adopters who own a specific NFT can participate in the pre-sale and buy meme coins at the best price! This is like being the first person to buy from a newly created liquidity pool.

Automatic Liquidity Pool

Once the meme token is launched, LaunchBAGZ will automatically create a liquidity pool on TACO, an innovative and reliable exchange on WAX with a fully public team! The initial liquidity will be destroyed, which means it will exist forever on the WAX ​​blockchain, creating a stable minimum foundation for all projects launched on LaunchBAGZ.

When the liquidity pool is open, individuals or teams with large shares will not be able to sell on the market! Our vesting contract ensures that the meme coins allocated to the project team are released in a controlled manner.

The first batch of meme coins is issued

We are very excited to announce that we are ready to start the token distribution process! In the coming weeks, we will be working with project owners to launch ten meme coins. Prominent teams like WOMBAT have already confirmed their participation in the first batch of projects! These ten projects will provide at least $500 worth of WAX and USDT as liquidity. Likewise, NeftyBlocks will also provide $500 worth of $NEFTY to create a third liquidity pool.

Future plans for LaunchBAGZ

After that, LaunchBAGZ will be self-service for everyone! Of course, our rating system will assist in determining which meme coins are the most objectively secure! Any meme coin launched on LaunchBAGZ will have the opportunity to showcase their project on NeftyShow and interact with our community. LaunchBAGZ will host many community events, airdrops, and LP collaborations with all partner projects and friends in the WAX ​​community!

We believe your success is our success! What are you waiting for? Become a member of LaunchBAGZ!

Join the LaunchBAGZ community!

Disclaimer

The content in the post is the responsibility of the author, NeftyBlocks, and has not been independently verified by WAX. WAX cannot verify the authenticity or accuracy of such content in any way and makes no representations and assumes no liability for the information in the post.

*Friendly reminder: This article is for popular science purposes only and does not constitute any investment advice!