The story behind the birth of emojicoin.fun

Econia Labs is pushing the limits of decentralized finance (DeFi), and its new project, emojicoin.fun, is one of the results of this exploration. The platform originated from a series of explorations into liquidity provision mechanisms and was driven by the recent hype of Meme coins, successfully integrating fun with cutting-edge blockchain technology. The following will take you through the development process behind emojicoin.fun.

Exploring novel liquidity mechanisms

Econia Labs has been exploring novel liquidity provision mechanisms, seeking innovative approaches beyond traditional models. One of the early considerations was a hybrid architecture combining the Econia order book and an automated market maker (AMM), an approach that led us to a deeper look at two specific AMM models: the Constant Product AMM (CPAMM) and the Centralized Liquidity AMM (CLAMM), both of which have robust and composable approaches to liquidity provision.

CLAMM as a fixed-scale CPAMM

The Emoji Experiment: An Unexpected Turn

Initially, using emojis as currency symbols was just a random inspiration — we thought it was a fun idea that might make internal testing easier. However, a quick experiment confirmed that emojis are fully compatible with existing products such as Petra Wallet. This discovery opens up a whole new level of interaction for digital assets, merging culture and finance in a simple and effective way.

First emojicoin transaction on testnet

Using 밈 코인s to Boost Hype

Given the recent hype surrounding memecoin launchpads, we thought we’d try a quick experiment of our own. This experiment quickly turned into much more than we ever expected. As we dug deeper into the math behind the CPAMM and CLAMM models, it became clear that their structure could be directly applied to the project that would eventually become emojicoin.fun.

All-in-one solution built in-house

What makes emojicoin.fun unique is that it was designed entirely in-house. Unlike other products that rely on a patchwork solution from multiple protocols (e.g. using an “outsourced AMM” like Raydium), we built the entire platform from scratch. The foundation of the project is first-principles mathematical derivation, ensuring that our approach is mathematically sound and composable for future use cases.

Fully customized DEX architecture, built from scratch

Powered by a Move-based blockchain with unique features

emojicoin.fun was built entirely from scratch, leveraging unique features of the network such as the Arithmetic Aggregator, which enables parallelized global counters to track metrics like volume and TVL. This allows for real-time, efficient updates across the entire platform without sacrificing performance for any one individual market or requiring serial trade execution.

Track global statistics on the parallelized market using an arithmetic aggregator

Professional and interesting: the birth of Black Book

To add an extra layer of professionalism to the project, the team added LaTeX to the emojicoin.fun black paper for mathematical derivations and references, mimicking the style of traditional mechanism design white papers. While drafting, the team worked primarily in dark mode to reduce eye strain, and as the project progressed, we thought, Why not just release it like this?

Thus, the emojicoin.fun Black Paper was born – a stylish, dark-themed document that reflects both the serious technical underpinnings of the project and the fun and innovative spirit behind it.

emojicoin.fun: Re디파이ning DeFi with culture and experimentation

emojicoin.fun is more than just a meme coin launchpad – it is the product of deep research, creative experimentation, and cutting-edge blockchain technology. By fusing a novel liquidity provisioning mechanism with an interactive user experience, the team has built something that is both innovative and fun. The vision of emojicoin.fun is to allow users to participate in decentralized finance in a way that is accessible, fun, and rooted in a strong technological foundation.

Follow emojicoin.fun 그리고 Econia Labs ’ official X account for more information, check out Econia Labs on Medium 또는 join the Econia Labs Discord community .

This article is sourced from the internet: The story behind the birth of emojicoin.fun

Related: OKX University Interview | Aleksandar: Wallet as a Service is crucial to Web3

Aleksandar Kuzmanovic is a professor of computer science at Northwestern University in the United States. He has been focusing on computer network research. The Northwestern Networks group he leads is committed to building protocols and systems that can increase the speed of Internet operations. He founded the bloXroute lab in 2017, hoping to promote network scalability by improving blockchain efficiency. Today, bloXroute has become a recognized network layer solution for multiple blockchains and is widely used by traders in the DeFi field. Through interviews, we hope to understand how entrepreneurs with university backgrounds around the world see the future development of the Web3 industry, and how they integrate their expertise with blockchain technology? Therefore, we specially invited Professor Aleksandar Kuzmanovic to be the guest speaker of the OKX University Interview…