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Blockchain Meme Coin Platfom

Meme Coin Creator Platform

Introducing the Meme Coin Creator Platform: a Solidity-based launchpad enabling anyone to mint and sell custom ERC20 “meme” tokens on Ethereum. Powered by a Factory.sol contract that collects creator fees, deploys a new Token.sol (1,000,000 supply via OpenZeppelin ERC20), and orchestrates a bonding-curve sale with funding targets, purchase limits, and automatic closure. Unsold tokens and raised ETH are released to creators post-sale. A streamlined, fee-driven model for rapid, trustless token launches.

Meme Coin Creator Platform

1. Overview

This case study examines a smart contract system that enables users to create and launch their own meme coins on the Ethereum blockchain. The platform consists of two main components: a Factory contract that handles the creation and sale of tokens, and a Token contract that implements the ERC20 standard for the created meme coins.

2. Technical Architecture

The system uses two Solidity contracts:

  1. Factory.sol - The main contract that orchestrates token creation, sales, and distribution
  2. Token.sol - A simple ERC20 implementation that represents each created meme coin

Let's analyze each component in detail.

3. Token Contract Analysis

The Token contract is a straightforward extension of OpenZeppelin's ERC20 implementation:

Token contract in the Meme Coin Creator Platform

Key points:

  • Inherits from OpenZeppelin's ERC20 implementation for standard token functionality
  • Tracks both the owner (Factory contract) and creator (user who initiated the token creation)
  • Mints the total supply (1,000,000 tokens) to the Factory contract upon creation

4. Factory Contract Analysis

The Factory contract is more complex and handles several aspects of the token lifecycle:

State Variables and Constants

State Variables and Constants in the Meme Coin Creator Platform

These define important parameters:

  • A funding target of 3 ETH per token sale
  • A maximum sale limit of 500,000 tokens per project
  • A creator fee (set at deployment) required to create a new token
  • Tracking of all created tokens and their associated sale details

Token Creation Process

Token Creation Process in the Meme Coin Creator Platform

This function:

  • Requires the creator to pay the platform fee
  • Deploys a new Token contract with 1,000,000 tokens
  • Initializes a new token sale with tracking for amounts sold and funds raised
  • Records the token in the platform's registry

Dynamic Pricing Mechanism

Dynamic Pricing Mechanism in the Meme Coin Creator Platform

This implements a bonding curve pricing model where:

  • The starting price is 0.0001 ETH per token
  • The price increases by 0.0001 ETH for every 10,000 tokens sold
  • This creates price appreciation for early investors as more tokens are purchased

Token Purchase Mechanism

Token Purchase Mechanism in the Meme Coin Creator Platform

This function:

  • Validates that the token sale is still open
  • Enforces minimum (1 token) and maximum (10,000 tokens) purchase limits
  • Calculates the current token price based on the bonding curve
  • Ensures sufficient ETH is sent for the purchase
  • Updates sale statistics and transfers tokens to the buyer
  • Automatically closes the sale if either the token limit or ETH target is reached

Liquidity and Distribution

Liquidity and Distribution in the Meme Coin Creator Platform

This function:

  • Can only be called after a sale has closed (reached its target)
  • Transfers all remaining unsold tokens to the creator
  • Transfers all raised ETH to the creator
  • In a production environment, this might instead create a liquidity pool on a DEX

5. Business Model Analysis

The platform operates on a fee-based model:

  1. Creation Fee: Creators pay a fee (specified at contract deployment) to create their token
  2. Price Appreciation: The bonding curve pricing model creates incentives for early participation
  3. Simplified Launch: The platform handles token creation, sale, and (theoretically) liquidity provision

6. Security Considerations

While the contracts implement basic functionality, several security considerations should be noted:

  1. No Admin Controls: There are no mechanisms to pause or update the contracts in case of emergencies
  2. Creator Control: Token creators receive both remaining tokens and all ETH raised without restrictions
  3. No Vesting: There are no vesting or locking mechanisms for creator tokens
  4. Price Manipulation: The simple bonding curve could be manipulated by large buyers
  5. Lack of Upgradability: The contracts cannot be upgraded to add features or fix bugs

This case study examined a simplified meme coin creation platform that allows users to launch their own ERC20 tokens with minimal technical knowledge. The system implements a bonding curve pricing model and automatic sale closure mechanisms.

For production use, additional features would be needed:

  • Proper liquidity pool integration
  • Vesting mechanisms for creator tokens
  • Safety controls and emergency pauses
  • Audits and extensive testing
  • Frontend interface for non-technical users

The current implementation serves as a basic demonstration of how a token launchpad could function but would require significant enhancements for production deployment.

< Technologies Used >

Solidity
React
Node.js/Nest.js
Next.js
Docker
EVM
Hardhat

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