Launchez

Launchez - A Fair Launch Dapp for launching ERC-20 tokens.

• A cost-effective solution where users can create tokens within the platform in a few clicks for a nominal fee.
• A fair launch is secured by deploying the token on a bonding curve with a constant product formula.
• Liquidity pools are created on SaucerSwap when the token reaches a market cap threshold.

Innovation

• Launchez is built on Hedera, making the best use of DeFi by enabling a platform to create ERC-20 tokens and launch them fairly.
• The project is new to Hedera; no such solution currently exists.
• The memecoin market, directly coupled with trading volume, has the potential to boost a large volume of daily transactions.

Integration - Works Best with Hedera

• High throughput and low latency with finality provide fast and secure transactions for traders.
• Low and predictable fees enable high trading volumes on Launchez, increasing Hedera’s TPS.
• The project uses HTS for Token creation and HSCS, primarily built with the Hedera SDK with a few functionalities limited to contracts.
• Liquidity pools are deployed on SaucerSwap - a DEX on Hedera.

Feasibility with Hedera

• The business model revolves around collecting minimal fees for token creation and trading on the bonding curve.
• Launchez addresses a unique Web3 problem by combating scam tokens and rug pulls.

Execution & Team

• Launchez is currently a fully functional MVP showcasing token creation and buy/sell features on the bonding curve, implemented using the Hedera SDK.
• Features to increase community engagement, such as comments and spaces, are to be developed according to the roadmap.
• Soniya, the founder of Orbis86, led the team as Product Manager, while Hema (Smart Contract Developer & Partnership Manager), Pratishtha (Smart Contract Developer), Alex (Full Stack Developer Advisor) worked together on product development.

Validation with Orbis86 Community

• The product idea was refined through feedback from the Orbis86 community, which is very active on Hedera.
• Feedback highlighted the lack of a meme-coin/fungible token launch dapp with an easy interface, currently unavailable on Hedera.
• There is potential to attract degens to the Hedera ecosystem through this project.
• The project has been welcomed by SMEs of the trading community, with encouragement to add a commenting feature, which has been added to our pipeline.

Product Launch & Success

• We are confident that Launchez will have a highly positive impact on the Hedera ecosystem.
• The project encourages new token deployment and boosts account creation.
• Launchez also increases monthly active users with constant trading and FOMO due to the bonding curve's nature, incentivizing the purchase of tokens at lower prices.
• With active trading, we believe Launchez will increase TPS and attract new users and degens to Hedera.

Pitch Deck

Pitch Deck

Bonding Curve

The bonding curve allows users to buy tokens on Launchez based on virtual collateral and token reserves. Once the market cap of a token reaches at least ~719,550 Hbar or 80%+ tokens are sold on the bonding curve, the token will be migrated to SaucerSwap and LP tokens received from SaucerSwap will be sent to a burner contract to lock them forever.

Token Supply and Fair Launch Principles

• Every token X launched on Launchez will have a fixed supply of 700 Million tokens with no special allocations set aside for developer, advisors, investors, etc.
• Once a token reaches a market cap of ~719k Hbar aka 80%+ tokens are sold, the token will be migrated to Saucerswap. A liquidity pool will be created and the LP tokens will be locked forever in a smart contract.

Bonding Curve Formula

For any token X,

k = va * vb where k is a constant va = virtual token X supply vb = virtual hBar collateral

Initial Values

va = 720,000,000 virtual token X supply vb = 34,300 virtual hbar collateral Price of token X at launch (p0) = vb/va

Fees

• Fees collected when creating token X = 50 hbar + gas fees
• Transaction fees for Bonding Curve trades = 2%
• Fees to deploy Liquidity Pool on Saucerswap = 5000 Hbar (Deducted from the collateral collected and includes 50 USD fee to be paid to Saucerswap for creation of a Liquidity Pool)

Migration to Saucerswap

When 80%+ tokens are sold on the bonding curve, a liquidity pool will be created on Saucerswap Approximate Hbar in the Liquidity pool = 120,000+ Hbar Approximate tokens in the Liquidity pool = Lesser than 135 Million tokens

Calculations for Liquidity Pool

Final price at migration (p1) = (vb + collateral collected in Hbar)/(va - token X sold on the bonding curve) Tokens to migrate (M) = (Collateral collected in hbar - 5000 hbar fees)/p1 Tokens to burn by locking away in smart contract = 700,000,000 - M - Total tokens sold on the bonding curve

Screenshots