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Cryptocurrency News Articles

Clanker: Simplifying Token Launches and Securing Liquidity

Nov 28, 2024 at 05:00 pm

Clanker, a Base Chain’s AI-driven token deployment tool, has revealed a major contract update allowing users to directly get 40% of the fee share

Clanker: Simplifying Token Launches and Securing Liquidity

Base chain’s AI-driven token deployment tool, Clanker, has announced a major contract update, allowing users to directly receive 40% of the fee share, including Ethereum (ETH) and other tokens.

This update ensures a change in the protocol’s framework, enabling users to more efficiently and transparently benefit from the platform’s activities. Previously, Clanker’s revenue-sharing structure allocated 60% of fees to the protocol and 40% to users, along with an additional 1% of the total token supply being distributed to users on a monthly vesting schedule. However, in line with this latest contract adjustment, the extra 1% has been paused until further notice.

Clanker Simplifies Token Launches and Secures Liquidity

Integrating with Farcaster clients such as Warpcast and Supercast, Clanker facilitates token launches for users — even those without technical expertise. Post-token launch, Clanker ensures stability and security by automatically creating a liquidity pool on Uniswap V3 within the Base network.

Users not only gain access to the deployed tokens but also retain the right to claim forty percent of all liquidity pool fees generated directly through Uniswap. This seamless approach serves as a unique utility within the decentralized ecosystem, allowing anyone to engage in token creation and revenue generation with minimal friction.

The revised agreement highlights Clanker’s dedication to enhancing user experience and establishing a robust environment for token issuance. By prioritizing transparency in fee distribution, Clanker sets itself apart in the landscape of AI-driven blockchain solutions.

This move is likely to attract more members of the Base network, further asserting its significance within the rapidly evolving crypto scene. Moreover, this update captures the increasing competition among platforms such as Pump Fun, which have been actively introducing innovative blockchain concepts.

On a separate note, CNF previously reported that Pump Fun’s live streaming capabilities had garnered attention following claims of violent behavior — including threats and acts of violence during broadcasts.

Highlighting these concerning incidents, a prominent memecoin influencer called for the immediate suspension of live streams until adequate safety measures are implemented.

Following the backlash, Pump Fun has disabled its live streaming features, indicating a necessary response to alleviating these issues and ensuring the safety of its community.

Original source:crypto-news-flash

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