Skip to content

Latest commit

 

History

History
114 lines (76 loc) · 3.15 KB

Track_1_fungible_tokens.md

File metadata and controls

114 lines (76 loc) · 3.15 KB
Raw

Required steps

Vision and concept

It is imperative to establish a well-defined vision and concept for your memecoin. This is one of the jury's assessments

Design the token's name, symbol, decimals.

Create your token

Use a builder for token creation:
https://web3.world/builder

Docs:
https://docs.web3.world/token-builder/how-to-build-your-first-fungible-token

If you have smart contract developers on your team, you can change the default implementation of the TIP3 token.
Video instruction:
https://www.youtube.com/watch?v=SLNEeDrnTB8

Docs:
https://docs.venom.foundation/build/development-guides/how-to-create-your-own-fungible-tip-3-token/quick-start-developing-with-tip-3

Mint tokens

Mint total supply tokens to your wallet:
https://docs.web3.world/token-builder/how-to-manage-your-tokens-created-with-token-builder/minting-your-tokens

Transfer ownership for root contract

You need to transfer of the ownership of your token to zero address.

0:0000000000000000000000000000000000000000000000000000000000000000

Docs:
https://docs.web3.world/token-builder/how-to-manage-your-tokens-created-with-token-builder/transferring-the-ownership-of-the-token

This will disable mint and burnByRoot operations.

This operation is required

Create DEX pair with venom token

https://docs.web3.world/liquidity-providing/how-to-create-a-new-liquidity-pool

You need to create pair to WVENOM and\or USDT.

Important! Only WVENOM and USDT pairs will be used in the jury's evaluation

Lock or burn your LP tokens

Send LP tokens to zero address for burn

0:0000000000000000000000000000000000000000000000000000000000000000

You can lock it use https://locker.venomoon.lol\ (!) This is a dapp of an independent participant, it takes a commission 100 venom for use

Add token to hackathon whitelist

Create PR to:
https://github.com/venom-blockchain/tokenforge/blob/main/manifest.json

Sample:

    {
      "name": "TokenName",
      "chainId": 1,
      "symbol": "VNM",
      "decimals": 9,
      "address": "0:29a4dc828ca30da4fbd62f46d1554cbc93b4e863441eeabd8a52be2c9d56e12e",
      "logoURI": "https://raw.githubusercontent.com/venom-blockchain/tokenforge/master/icons/VNM/logo.svg",
      "version": 5,
      "verified": false,
      "vendor": "example"
    }
  • name - token name
  • chainId - 1 for venom mainnet
  • symbol - token symbol
  • decimals - token decimals
  • address - token root address
  • logoURI - url to logo, pls put logo to icons folder
  • version - 5 it's constatnt
  • verified - false
  • vendor - Team name or other word (tokenforge for example). Don't use venom name.

Wait for the PR to be accepted.

Logo size must be less or equals 100kb

Congratulations. Your token has been created and added to our dashboard.

What next (recommendations)?

Find your token on dexscreener

https://dexscreener.com/

Set up Vesting

Set up vesting for command tokens and other (depends on your tokenomics).
https://web3.world/vesting/start

It's highly recommended. Recommended lock time more that 1 week.

Automate your trading

You can use python scripts:
https://github.com/30mb1/venom-tools