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✦Flipflop in your eyes✦
Today, let's talk about what defines "a Fair launch" on flipflop?
Whenever a token is launched on any launchpad, devs or insiders buy in early, some in bulk, while others create multiple bot-controlled wallets and make them buy small amounts so they can easily dump on the true degens when price pumps.
This isn't possible on FlipFlop.
Why?
➪The launchpad uses a combo of PoM (Proof of Mint) and URC (Unique Referral Code) systems.
✦Instead of buying a token on flipflop, you mint them ✦
➠PoM makes minting fair by increasing the mint fee as more people buy, so no one can hoard early or buy cheap in bulk.
➠URC makes it human only (Every mint needs a referral code shared by a real person, not a bot).
Together, they keep launches fair, block bots, and reward real community members.
How are URCs are Generated?
When a dev creates a token, the first URC is automatically created too. Anyone who is interested can use the dev's code to mint (buy) the token too . While doing this they create their own unique code, which they can share with friends or fellow degens .
..... quick one , when you use a URC you get a discount on mint fee. When you share your own URC? your friend gets a discount too, and you get SOL reward slice from their fee (bigger if you hold more tokens)....
Hence, without a URC you can't mint any token.
As more people mint the token, the mint fee keeps increasing and can go as high as 10x the floor minting fee.
What if, by chance, bots get a URC to mint?
⪼Take for example a dev, insider or anyone wants to hold about 50-70% of the token supply and at the same time wants it to look fair and safe (since most degenerates won't buy a token where a single person holds 50% of the supply ).
What do they do?
They create bots, say he creates 100 bots; mind you, he has a URC for minting now.
The first five might get cheap deals and buy in early, but the next 95 will face insane mint costs (e.g, 0.5 SOL each because the more that is minted, the higher the mint fee goes), making the total amount spent on mint fees way over budget and leaving no profit for selling tokens later.
PoM dilutes their haul too ( it spreads tokens fairly in real-time), so that humans get better shares through sharing their code to mint in real time.
Infact, bots can't flood in and mint all at the same time, Once there is a drastic increase in buy volume, the system automatically hikes fees again and slows txs on big volume spikes, making bots burn cash.
Personally, I find it easy to have conviction on most tokens launched on flipflop because I understand how it works.
Why haven't you used flipflop yet anon?
@flipfloplaunch
@FFFP

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