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.
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:
Factory.sol - The main contract that orchestrates token creation, sales, and distribution
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:
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
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
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
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
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
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:
Creation Fee: Creators pay a fee (specified at contract deployment) to create their token
Price Appreciation: The bonding curve pricing model creates incentives for early participation
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:
No Admin Controls: There are no mechanisms to pause or update the contracts in case of emergencies
Creator Control: Token creators receive both remaining tokens and all ETH raised without restrictions
No Vesting: There are no vesting or locking mechanisms for creator tokens
Price Manipulation: The simple bonding curve could be manipulated by large buyers
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.
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