According to Shenzhen TechFlow, the Ethereum rune protocol Ethrunes announced the launch of the LaunchPad + Swap trading model LaunchSwap, which integrates token issuance and trading.
When the tokens are issued, they will all be injected into the liquidity pool and the floor price will be set. When the number of tokens in the liquidity pool exceeds 50%, the transaction price is the same as the floor price. When the number of tokens in the liquidity pool is less than 50%, the constant product formula of x*y=K is activated. This model aims to provide fair launch, protect the interests of all holders, and enable authorization-free transactions. At the same time, this model can be combined with NFT contracts to bring more choices to users.
It is reported that Ethrunes is a new token protocol based on ERC1155 and inspired by BRC20. It is a combination of inscription and smart contract, also known as smart inscription.