"Alpha Mining Series from Dongqu Community 1" — flaunch (@flaunchgg)

In the current market, Solana, as the hub of meme coins, seems to be cooling down gradually, which gives other public chains a chance to catch up, particularly BNB Chain, Ethereum Mainnet, and Base Chain, which have the most significant opportunities.

Upon further analysis, it appears that all four of these chains have "active chains" with the existence of "token launch platforms," including Solana's pumpfun; BNB Chain's fourmeme; Base Chain's Virtuals protocol; and Ethereum Mainnet, which is hindered by high gas fees, preventing platforms within its ecosystem from gaining traction.

However, the Ethereum ecosystem still has the support of Base Chain. Besides the Virtuals protocol, the recently launched Base meme launch platform flaunch has utilized Uniswap V4's Hooks mechanism to overturn many players' stereotypes regarding the functionalities of meme launch platforms.

💡Meme Launch Platform Integrates Uniswap V4 Mechanism

As for the playability of flaunch, which integrates @Uniswap V4, we must first introduce the Hooks mechanism of Uniswap V4:

"The Hooks mechanism is a smart contract that operates at specific moments in the life cycle of a liquidity pool. These contracts allow developers to execute custom logic at different stages of the pool (such as initialization, adding or removing liquidity, and before and after swaps)."

Flaunch integrates the Hooks feature and adds the following unique mechanisms:

(Thanks to @poopmandefi for the detailed explanation of flaunch's usage of Uniswap V4 functionalities)

⚖️1. Fair Launch of New Tokens

This feature allows tokens to be purchased at a fixed price in a single location. Once the liquidity for that interval is filled, the price will begin to be influenced by market liquidity. In simple terms, this Hooks mechanism is mainly used to limit the fluctuations of external liquidity during the fair launch period to maintain price stability, which differs from platforms like Pumpfun and Virtual that start bidding in the internal market.

The fair launch mechanism of flaunch is as follows:

When a new token is created, it will enter a fixed 30-minute period where every user’s purchase price is the same. Once the 30-minute period ends or all tokens from the Fair Launch are sold, the token will proceed to the next stage.

🎁2. Token Issuer Customizable "Fee Dividend" Mechanism

Flaunch's dividend mechanism allows token creators to decide how to distribute the swap fee they collect between themselves and the community.

If you are a self-interested developer, you can set the "developer & community ratio to 100%:0% or 80%:0%", and vice versa.

However, it is important to note that the dividend ratio cannot be changed once it is determined.

💰3. Token Buyback Mechanism

Before introducing the token buyback mechanism, we need to note that liquidity pool fees are usually paid in two assets, such as ETH + meme coin. However, flaunch uses the Internal Swap Pool (ISP) Hook setting to convert meme coins into ETH through a front-running transaction model (the exchange parameters can be customized).

Whenever the trading fees from the meme coin accumulate to 0.1 ETH, the "token buyback mechanism" is triggered, creating a "Progressive Bid Wall (PBW)". This depends on the dividend ratio set by the token issuer for the community; if the developer's share is 20%, then 80% will belong to PBW (the community).

The PBW operation process involves adding a limit buy order below the spot price of the meme coin. If the token price continues to rise, the PBW will readjust the limit buy order's position to ensure price support.

4. Memestream Ownership Mechanism

Memestream is a transferable NFT attached after a token is created, and the dividend earnings for the token creator will depend on who holds the ownership of the Memestream (at which address).

If A creates a token and sets the dividend ratio to 100% for the issuer, and then sends the Memestream to Vitalik Buterin's wallet address, in this case, Vitalik Buterin's address owns the Memestream and enjoys all dividend earnings from that token.

This mechanism can also give rise to various plays in the future, such as donations, lending, leasing, etc.

💵Flay Token Economics

The governance token of flaunch, $Flay, has a total supply of 1 billion tokens, and the token economics are as follows:

👉On-chain governance (20%)
👉Foundation reserves (6%)
👉Token liquidity (4%)
👉Contributors (20%)
👉NFT migration (50%): NFTX accounts for 33.35%, FloorDAO accounts for 16.65%

🌍 Ecosystem Project Situation

Additionally, the Flaunch ecosystem has the following projects worth noting:

👉 Platform governance token $FLAY: Token price $0.04811, market cap $28.80 million, previously peaked at $0.2679

Platform mascot meme coin $FLNCHY: Token price $0.00001652, market cap $1.65 million, previously peaked at $0.000164

Founder Nobi's cat meme coin $NOBI: Token price $0.000001894, market cap $149.20 thousand, previously peaked at $0.00009667

From the above token prices within the ecosystem, Flaunch's market performance has indeed been relatively quiet compared to its price peak.

However, given the ecosystem's innovative mechanisms that add diversity in gameplay through token dividends, NFTs, and other forms, I believe Flaunch should be included in the watchlist of projects.

Note: Flaunch co-founders are @0xCaps, @0xnobi