Problem:

memecoin space is PVP with 9 loser 1 winner, bookie take it all

Solution:

Together We have Fun, Together We Owned each Others.

Leveraging network effects between launchpad protocols, projects and stakers.

incentivize loyalty, peace of mind without having to worry whether i will be PVP’ed by others.

very tempting rewards for being loyal. the longer a project is active and gets traction since the beginning of the launchpad launch will accumulate the most launchpad emissions and holders who stake longer will get the most rewards.

How does it work:

Leveraging emission and trading fees

A. Liquidity pool is locked, but trading fees goes to 3 parties:

1. redistribution to project stakers ( 100% of quote token )

2. project team’s runway ( 10% of base token )

3. launchpad treasury ( 90% of base token )

   launchpad fundamentals will be determined by how much the protocol treasury holding project token ( now, out of topic, imagine if this accumulated since beginning of the pumpfun, guess how much pumpfun treasury now? )

   project fundamentals will be determined by how much the DAO treasury holding launchpad emission.

   Launchpad TVL & treasury up will benefits small or big project with emission as a grant. like a rising tide (protocol) will lift all the ships (project)

B. Launchpad emissions distributions:

1. 50% project grants, divided equally to all project’s treasury.

2. 40% liveness voting rewards

3. 10 % project’s team runway

Launchpad accommodate each independent project to have their own DAO management and launchpad also have it’s own protocol DAO to govern it’s treasury/ emissions rate.

This is a social economy, so we need SoFi's twist, so that stakers sharing on social media get more voting weight in liveness voting. launchpad need to accommodate this UI & UX.

There are 2 regular monthly votes for the DAO project + proposed voting if any.

1. Liveness Voting

   Liveness voting will release 40% of launchpad emissions to each project’s treasury (which will be distributed in the following month’s vote)

   Liveness voting must pass a certain threshold percentage. Liveness voting is used to revoke dead project allocations to accommodate inflation in newer projects.

   Total emission for all project is fixed, so it is automatically divided among all active projects that pass the minimum liveness score. Optionally, the liveness score metric can be based on the percentage of voting participants, number of holders, project age, transfer/holder ratio, average LP APR/APY. Metric can be governed on protocol voting.

   All of these metrics are to prevent bad actors from gamifying/controlling the token for individual gain.

2. Treasury Voting

   Stakers redeem treasury ( 50% of launchpad emissions + 100% of quote token ) which is divided proportionally to project’s staker, which longer stake gets more allocation.

   Vote to release team’s runway ( 10% base token + 10% emission )

3. Additional voting for internal DAO management such as:

   Reset team's wallet address which receives and control 10% base token from LP fees.

   Reset team's wallet address which receives and control 10% launchpad emission for project runway.

   Team's wallet address also can reset token information on launchpad when CTO occurs ( token metadata should be immutable, but token additional information 'social links' should be excluded from metadata and recorded offchain on the launchpad database )

   Additional project DAO voting can be proposed with minimum ownership/ TBD but only 1 vote can be passed each month (the one that gets the most votes compared to other proposals)

Proposing:

Launchpad protocol ideally to have governance token after 1-3 months of the launch.

The reason why it takes 1-3 months to launch a protocol token is to determine the eligibility and quota of protocol users based on the loyalty score as explained above to be able participate on liquidity bootstrapping.

Or the protocol can set up own liquidity for the governance token.

The aim is to generate fees that can be allocated as emissions. the percentage of allocation is decided by governance ( emission rate, protocol team runway, treasury, etc )

It would be even better if the protocol was willing to share revenue and it would be even more elegant if the protocol implemented dual yields, which is protocol revenue sharing and liquidity fees.

Proposing to allocate part of the protocol revenue into treasury.

Protocol treasury ( all project’s LP fees ) are determined by governance.

Note: RUGPULL is devastating, so we need to shoulder to shoulder helping each other for this situation.

Rugpull victims can slowly cover their losses if they still want to hold and stake tokens to get 50% of launchpad emissions and 40% of liveness emissions if it goes active again.

e.g. imagine if you are the last bagholder, everyone dump on you, but you don't have to worry because you are the only recipient of 50% of launchpad emissions for that project.

This is the reason why the project grant allocation gets the largest allocation, so that the project is not completely paralyzed if something bad happens, this is like indirect insurance for the holder.

CTO will also be attractive due to 10% emission grants and have a higher chance of reactivation.

Now, abandoned projects will still be attractive with this scheme.

Glossary:

1. Launchpad: token launchpad protocol.

2. Project: tokens that successfully pass the launchpad and enter the liquidity pool.

3. Emissions: grants from launchpad protocol revenue/ governance token LP fees or can be both.

   This can be decided by governance or POA if it is a pure revenue without governance tokens. However if it is a governance token then the allocation must be decided by governance.

4. Base token = project’s token, Quote token = native coin of the blockchain

5. Stakers: holders who stake to the project DAO and the launchpad protocol

proposed contract standart:

1. all launchpad contract should be open source, verified and audited if possible.

2. liquidity contract is locked but the fees generated from the pair can be claimed and distributed to three parties automatically.

   100% of the quote token goes to project stakers, 90% of the base token goes to protocol treasury, 10% of the base token goes to project’s treasury and governed.

3. contract for the protocol governance token emission can only be called through governance vote. this is to avoid misappropriation.

4. contract for the protocol’s treasury can only be called through governance vote. this is to avoid misappropriation.

5. contract for the project’s treasury can only be called through project DAO governance vote. this is to avoid misappropriation.

Most governance tokens are unattractive but it is very tempting to have influence over the treasury if it consists of many valuable tokens and most projects that have been abandoned will have difficulty recovering, but it is hoped that emissions will help. Launchpad will display abandoned projects on a specific page along with APR calculation if it is staked to attract new holders.

Besides liveness vote, to prevent launchpad token emissions from being too diluted between projects, projects require a higher valuation to enter the liquidity pool, proposed 100-500K $ and can be govern at later stage.

Remarks*

this rough concept is free, anyone can use it without any obligation at all.