GM Bladecrews!
Currently, total volume on Blast barely reaches $5M excluding Thruster’s main USDB/ETH pool. Various factors would contribute to this, including the devaluation of assets within Blast due to the 2-week bridge period, which hinders DEX-CEX arbitrage trading. Additionally, Blast is not yet integrated with major exchanges, resulting in a lack of high market cap tokens driving volume from CEX yet.
99% of the remaining volume on Blast comes from meme tokens!
Even though the meme culture is not as mature as in Solana or ETH, we believe Blast has the highest potential to excel in memes compared to other chains.
- The foundation actively pushes this with initiatives like Jackpot, and the very theme of Blast is meme-centric.
- After the Proto-Danksharding update, swap costs are now as low as 0.8 cents, making it as cheap as Solana. Considering Solana’s rise as a fast and cheap chain, Blast now combines these features with EVM compatibility.
Introducing Meme World
As the first step, we plan to familiarize Blast users with meme plays through ‘Meme World’ with low risk. The biggest fear for those new to memes is the risk of developers dumping or removing liquidity (rugpull). Even the excitement of a pump is often overshadowed by the fear of developers pre-buying, leading most coins to rugpull.
To address this, we aim to provide a rug-free environment by deploying unruggable tokens through a factory contract. This utilizes our concentrated liquidity pool’s position NFT to ensure a forever increasing floor price, a method that demonstrated high performance with YES.
Although a detailed document will be released later, here’s a summary:
- ETH raised on Memepad is divided into three position NFTs and supplied 100% to LP. Other than the small airdrop allocation, tokens can only be acquired from the LP, ensuring the price does not fall below the sale price. Unlike BladeStarter, veBLADE or other external launchpad rounds do not exist.
- Designed with thinner Discovery liquidity, it makes the initial market cap light, allowing for a rapid x10 growth.
- Project operators can control everything via a dashboard, such as claiming rewards and shifting, but liquidity withdrawal is managed through a multisig with Bladeswap, preventing rugpulls.
- LP fees generated by volume continuously raise the floor price, increasing the token price.
- From the start, the token will be gauge whitelisted on Blade, kicking off the Flywheel, and participants can aim for jackpots with high market cap and holder numbers.
Safeguard Your Meme Trades with Bladeswap
This structure, blocking the downside while opening the upside and protecting liquidity through Bladeswap’s multi-sig, aims to allow users to enjoy memes more safely.
Several teams preparing meme projects have reached out after multiple preliminary announcements. These projects are almost complete and will be introduced sequentially right after the V3 pool launch!
While detailed introductions will follow, curious users can get a sneak peek of the upcoming first pad below!
Stay tuned for more updates and prepare to explore the exciting world of memes on Blast!
Links
Website: https://bladeswap.xyz/
X(Twitter): https://twitter.com/bladeswapxyz/
Discord: https://discord.gg/cg9hUXwAww
Docs: https://bladeswap.gitbook.io/
Medium: https://medium.com/@bladeswap