FrameLaunch Overview Interactive Token Launches via Farcaster Frames
Frame-Based Token Launch: Transform Farcaster Frames into a launchpad for new tokens. When a creator launches a frame, a single, unified contract manages the entire token lifecycle.
Singleton Contract Functionality: This central contract handles all aspects:
Bonding Curve Management: Determines token pricing based on supply and demand. Rewards Vault and Distribution: Accumulates fees and distributes rewards to eligible users. Liquidity Provision: Automatically moves liquidity to Quickswap upon reaching specific thresholds. User Engagement Tracking via Farcaster: Users eligible for rewards are tracked through their interactions on Farcaster. Actions like liking, commenting, or sharing are recorded on-chain by the singleton contract.
Mechanics and User Flow
- Frame Creator's Actions Minting the Frame: The creator crafts a post and mints it as a Farcaster Frame, initiating a new token launch.
Utilizing the Singleton Contract: Instead of deploying individual contracts, the creator leverages the existing singleton contract, which manages all token-related functions.
Setting Parameters: The creator customizes parameters within predefined limits:
Initial Token Supply Transaction Fee Percentage Liquidity Thresholds 2. Singleton Contract Functions Bonding Curve Management:
Dynamic Pricing: Adjusts token prices based on the bonding curve model (e.g., linear, exponential). Supply Control: Manages token minting and burning to maintain economic balance. Rewards Vault Management:
Fee Accumulation: Collects a percentage of each buy/sell transaction into a rewards vault. On-Chain Tracking: Records user engagements on Farcaster to determine reward eligibility. Liquidity Provision:
Threshold Monitoring: Tracks when certain conditions are met (e.g., total tokens sold). Automated Liquidity Addition: Moves a portion of liquidity to Quickswap, enhancing market accessibility. 3. User Interaction Purchasing Tokens:
Direct Buying: Users can buy tokens directly from the frame interface. Bonding Curve Pricing: Purchases are executed at prices determined by the singleton contract's bonding curve. Selling Tokens:
Contract Sell-Back: Users can sell tokens back to the singleton contract. Quickswap Trading: After liquidity provision, tokens can also be traded on Quickswap. Social Engagement:
On-Chain Activity Recording: Likes, comments, and shares are tracked by the singleton contract. Reward Eligibility: Engaged users become eligible to claim rewards from the frame's vault. 4. Rewards Distribution Eligibility Criteria:
Engagement-Based: Only users who interact with the frame on Farcaster are eligible. Transparent Tracking: The singleton contract maintains an immutable record of eligible users. Claiming Rewards:
Distribution Schedule: Rewards are claimable at set intervals or upon specific events. Fair Allocation: Rewards are proportionally distributed based on the level of engagement. 5. Liquidity Transition to Quickswap Automatic Liquidity Provision:
Trigger Points: Predefined thresholds (e.g., total volume sold) activate liquidity moves. Smart Contract Execution: The singleton contract handles liquidity addition without manual intervention. Enhanced Market Dynamics:
External Trading: Tokens become available on Quickswap, increasing exposure and trading opportunities. Price Discovery: Open-market trading helps establish a fair market value for the token. Technical Implementation
- Singleton Contract Design Unified Management:
Efficiency: Reduces redundancy by eliminating the need for multiple contracts. Consistency: Ensures uniform rules and operations across all token launches. Modular Architecture:
Upgradeable Components: Allows for updates without disrupting the entire system. Security Focus: Simplifies auditing processes and reduces potential vulnerabilities. 2. Farcaster Integration On-Chain Engagement Tracking:
Smart Contract Interface: Connects Farcaster's social actions with blockchain records. Immutable Records: Ensures engagement data is tamper-proof and transparent. User Interface Enhancements:
Interactive Frames: Users can trade tokens and engage socially within the same interface. Real-Time Updates: Displays live token prices, available rewards, and engagement metrics. 3. Polygon Network Utilization Scalability and Speed:
High Throughput: Handles large volumes of transactions with low latency. Cost Efficiency: Minimal gas fees encourage user participation. Interoperability:
DeFi Integration: Seamless interaction with platforms like Quickswap for liquidity and trading. Cross-Platform Compatibility: Supports potential expansion to other networks if needed. Economic Model and Incentives
- For Frame Creators Revenue Generation:
Transaction Fees: Earn a share of the fees collected from token trades. Increased Influence: Successful frames boost the creator's reputation and following. Content Monetization:
Direct Earnings: Monetize content creation through token launches. Community Building: Foster a dedicated audience invested in the creator's projects. 2. For Users Investment Opportunities:
Early Access: Participate in new token economies from inception. Potential Gains: Benefit from price appreciation driven by bonding curves and market demand. Rewards for Engagement:
Monetized Social Actions: Earn rewards simply by interacting with content. Community Participation: Influence token success through collective engagement. 3. For the Ecosystem Enhanced Activity:
User Engagement: Drives platform usage and retention. Economic Growth: Increases transaction volume and liquidity within the Polygon network. Innovation Promotion:
New Use Cases: Expands the possibilities of DeFi and social media integration. Ecosystem Expansion: Attracts developers and users to Polygon and Farcaster. Aligning with Grant Objectives Consumer Product Innovation:
User-Friendly DeFi: Simplifies complex financial interactions into accessible social actions. Engaging Experiences: Creates compelling content that encourages widespread adoption. Social Commerce Advancement:
Integrated Trading: Merges commerce with social engagement seamlessly. Community-Driven Growth: Leverages social networks to amplify reach and impact. Driving Polygon and Farcaster Adoption:
Showcase Capabilities: Demonstrates the potential of both platforms in real-world applications. Attracting New Users: Low barriers to entry encourage participation from non-crypto natives.
FrameLaunch History
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applied to the Farcaster Frames Innovator Program 1 month ago which was rejected