Launch an IFT
Launching an IFT is a straightforward, permissionless process that allows users to create a unique ERC20 token tied to a specific word (e.g., longevity.ift.eth). The protocol ensures fairness, accessibility, and market-driven price discovery through smart contract automation.
Permissionless Creation
Open to All: Anyone can launch an IFT for a word that has not been previously tokenized within the ift.eth namespace.
No Gatekeepers: The process requires no approval or intermediaries, aligning with the decentralized ethos of the protocol.
Fair Launch
Token creators must acquire IFTs through the same mechanism as other participants, ensuring no preferential treatment.
This design promotes accountability, as all holders, including the creator, have a vested interest in the token’s success.
Price Discovery Mechanism
Bonding Curve: Upon launch, the IFT enters a bonding curve for initial price discovery. A bonding curve is a mathematical formula that dynamically adjusts the token price based on supply and demand, providing a fair and transparent mechanism for early trading.
Transition to Uniswap v2: Once the market reaches a predefined threshold, any user can initiate a migration of the IFT from the bonding curve to a Uniswap v2 liquidity pool. Uniswap v2 is a decentralized exchange protocol that enables automated token swapping and liquidity provision, ensuring broader market access and stability.
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