Ticket.fans: BTC Memecoin 유동성의 새로운 시대를 여는 데 전념

In recent months, Pump.fun has created the summer of MEME on Solana, and the revenue of Pump protocol has hit new highs. According to statistics, more than 1.2 million tokens have been issued on Pump. Such a crazy MEME wave, as a token launch platform on Solana, has pushed the activity on Solana chain to a new high. Other chains have also followed suit, such as Sunpump founded by Justin Sun.

However, the BTC ecosystem that we have been looking forward to does not have a similar MEME launch platform. Due to the characteristics of BTC itself, liquidity and transaction convenience are limited, but the culture of the BTC community is very suitable for the development of MEME. In the MEMECOIN narrative cycle, we cannot ignore the MEME ecosystem on BTC. MEME is likely to detonate the BTC ecosystem again like the inscription.

We noticed that there is also such a launch platform Ticket.fans in the BTC ecosystem. It has absorbed the successful experience of Pump: simplifying the token issuance method, reducing the launch cost, fair launch, internal and external trading, binding curve and automatic market making, etc., and also proposed some innovative mechanisms such as side chains.

1. Project Introduction:

Ticket.fans is a MeMe token Launchpad focused on the Bitcoin ecosystem, based on MetalD and running on Bitcoin and its sidechain MVC.

MetaID is a unified identity and data format protocol built on Bitcoin and its isomorphic blockchain. Based on the MetaID protocol, developers can build various Web3 applications on Bitcoin to achieve data interconnection and interoperability and protect user data sovereignty.

공식 웹 사이트: https://www.ticket.fans/

On Ticket.fans, users can easily and quickly generate their own unique tokens in under a minute, all in a fair environment featuring no rugs, no VC, and no pre-sales.

Users do not have to worry about liquidity issues, because in the first phase of liquidity crowdfunding and the subsequent external trading phase, there are sufficient liquidity mechanisms for buying and selling.

2. Products and Innovation

product

One-stop 토큰 issuance, crowdfunding, and trading platform

Token issuance: Deploy and issue MEME tokens

Crowdfunding liquidity pool: users deposit assets to obtain liquidity tokens.

DEX Listing: Trade on Orders.exchange.

Function

The core functions of Ticket.fans are divided into Club Ticket and Fans Ticket.

Club Ticket: Allows users to participate in the issuance of Meme tokens with a low threshold and easily create their own Meme tokens for trading on decentralized exchanges (DEX).

Fans Ticket: An exclusive community building platform designed specifically for KOLs, with application scenarios such as community payment and fan economy.

Innovation

Transactions take place on the chain, safe and reliable

Using the MRC-20 protocol of the BTC ecosystem, all operations that occur in Ticket.fans, such as buying and selling, are essentially BTC transactions, ensuring seamless and secure transactions within the platform.

The MRC-20 protocol is a UTXO-based token protocol that runs on the Bitcoin network. The protocol is designed to be simple and efficient, very suitable for the BTC environment, and may be suitable for future cross-chain applications.

Create liquidity pools to improve liquidity

When the token market value exceeds $100K, liquidity injection will be triggered, and the funds stored in the service will be injected into the liquidity pool, and users can trade on Orders.exchange (similar to uniswap)

Adopting side chain MVC, safe and convenient

In the second phase, external transactions (Orders.exchange) are transferred to the Bitcoin sidechain, ensuring security while optimizing the experience of convenient transactions.

Retail-friendly

Transactions below 0.001 BTC are free, and transactions equal to or greater than 0.001 BTC will be charged a 1% fee.

3. Community and Data

Social Media:

트위터: https://x.com/ticketdotfans , 3K followers

Telegram: https://t.me/Ticketdotfans , 1.3k members

Historical launch data

The projects launched on the first day all had a high increase. Among them, the first launch project WUKONG has increased by more than 2200% so far.

4. How it works

Take Club Ticket as an example:

Creating Tokens

The Meme/BTC pool is deployed on BTC. After successful deployment, the token can be traded in the primary market.

Crowdfunding Liquidity Pool

a. Liquidity pool crowdfunding is the process of funding the initial liquidity of a token. This is usually done through the Primary Market method.

b. Participants exchange the newly created tokens for sats to establish liquidity pools.

c. Building a liquidity pool is crucial for token trading on DEX as it provides liquidity for buy and sell orders.

DEX listing (When the market value exceeds a certain threshold, the pool will bridge to the sidechain MVC.)

a. Once a liquidity pool is established, the token can be listed on the decentralized exchange (DEX) Orders.exchange.

b. After listing, tokens can be freely traded in Orders Swap or the primary market, and users can buy and sell according to their needs.

From token creation to primary market trading, the process is similar to the LBP liquidity auction, with buying and selling based on the preset binding curve.

Compared with native BRC 20 protocols on BTC, such as ORDI, Ticket.fans has better liquidity (liquidity pool, DEX) and better trading experience (side chain). In addition to paying gas, participating users also need to pay a portion of funds to purchase tokens to provide initial liquidity. When the market value meets certain conditions, there is an opportunity to trade on DEX. Off-chain DEX has more sufficient liquidity, lower fees, faster speed, and more convenient transactions.

Phase 1 of the new token operates under the bonding curve AMM model, where users pay BTC to buy tokens or sell tokens to get BTC back. Transactions occur between users and token services, and prices are determined by the bonding curve algorithm. The advantage of this model is that it is purely on-chain and will never run out of liquidity.

When the token market value exceeds a certain threshold, Phase 2 begins. At this point, the liquidity stored by the service will be deposited into Orders.exchange to create a liquidity pool. Tokens can then be traded on Orders.exchange, with prices determined by the market in a Uniswap-like manner. The previous bonding curve model continues to run in parallel as a progressive issuance mechanism. If the price is below the market price, users can only buy tokens from the bonding curve, but can no longer sell them back to the model.

In both phases, all transactions are conducted on-chain: BTC mainnet and sidechains.

5. Participate in the tutorial

Please refer to the official tutorial: https://ticket-fans.gitbook.io/ticket.fans/v/ticketdotfans-jiao-cheng

VI. 결론

From anti-VC to embracing MEME, from Solana to BTC, we have reason to believe that BTC will also have its own MEME culture. Ticket.fans is designed based on BTC, taking into account both security and convenience, and opening the era of liquidity of BTC ecosystem MEME based on on-chain transactions.

Pumps amazing performance has given us more expectations for Ticket.fans. But we cannot deny or ignore the current problems with Pump, which may also happen to Ticket.fans:

The cost of issuing coins is low, there is a lack of supervision, and there are many projects, many of which are scam projects;

Poor money-making effect. According to statistics, 80% of traders on Pump.fun lose money, and only 3.061% make more than $1,000;

There is no feedback to the chain, and no real contribution to the development of the entire industry;

There are even more problems that may only occur on BTC, such as: on-chain transaction lag, high gas, etc.

What never changes is human nature, so these problems may always exist, but the market also expects that Ticket.fans can have improvements and innovations compared to Pump and BRC 20 on the BTC chain, in the most original and purest BTC ecosystem. Judging from the current on-chain transactions (main chain + side chain) and liquidity design, they are indeed working hard to promote the development of BTCs MEME ecosystem.

This article is sourced from the internet: Ticket.fans: Committed to Opening a New Era of BTC Memecoin Liquidity

Related: Interpreting the dilemma and future of BTCFI from PStake

1. Background Thanks to the introduction of the Ordinals protocol and the BRC-20 standard, Bitcoin today has not only revolutionized payment methods and value storage, but also changed the traditional financial system. Further reading: Interpreting the Bitcoin Oridinals Protocol and BRC 20 Standard Principles, Innovations and Limitations Moreover, the exploration of the ecosystem is becoming more and more diversified, especially those involving Bitcoin staking, which is still a long way off compared to BitVm. However, projects such as Babylon and PStake are already promoting the use of Bitcoin’s security features to implement POS chain operations without changing the Bitcoin core protocol. The connection layer of pledge has been initially breached. Traditional pledge has brought about borrowed security. Now PStake has further expanded and evolved into liquidity pledge, allowing BTC to…