The post CrazyMeme Launches Innovative Meme coin Distribution Model with Dutch Auction-Style Release appeared on BitcoinEthereumNews.com.

New York, United States, October 8th, 2024, Chainwire CrazyMeme has unveiled a unique linear release mechanism for its meme tokens, aimed at providing a more balanced and equitable token distribution process. The mechanism resembles a Dutch auction, designed to mitigate the advantages commonly afforded to early insiders in token launches. According to CrazyMeme, traditional meme coin launches often allow a few insiders to acquire tokens at low prices before the general public has access. This method, however, restricts broader participation, skewing the token distribution. CrazyMeme addresses this issue by implementing a timed auction process that gradually releases tokens at a set rate over time, helping to ensure that more individuals have an equal opportunity to participate. Key Features of the Meme Coin Release The CRAZY token release mechanism includes the following elements, which align with the platform’s commitment to fairness and transparency: No Pre-sale or Team Allocation: All tokens are made available to the public with no allocation for pre-sales or internal team distributions. Renounced Ownership: CrazyMeme has renounced ownership of the token contract, ensuring no single entity has control over token parameters post-launch. No Freeze or Mint Authority: Tokens cannot be frozen or minted further, preventing any future manipulation of the token supply. Permanent Liquidity Lock: The liquidity pool on CrazySwap is permanently locked, removing the ability of the deployer or any entity to withdraw liquidity. How the CRAZY Token Distribution Works The meme coin launch process is designed to be transparent and accessible. Key steps include: Meme Token Creation: For a fee of 1 SOL, users can create a Meme Token, receiving 500,000 tokens (0.05% of the total supply). Liquidity Addition: The fee is utilized to add liquidity to CrazySwap, with an equal number of tokens added. Once added, this liquidity is permanently locked. Token Auction: A total…

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Filed under: News - @ October 8, 2024 3:20 pm