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.