💼FAQ
What is Ticket.fans?
Ticket.fans is a Meme token Launchpad focused on the Bitcoin ecosystem. Our goal is to provide users with a secure, efficient, and innovative one-stop experience for token issuance and trading.
What are the main features of Ticket.fans divided into?
The core features of Ticket.fans are divided into Club Ticket and Fans Ticket.
Club Ticket: The main feature of this function is to allow users to participate in the issuance of Meme tokens with low barriers, easily creating their own Meme tokens for trading on decentralized exchanges (DEX).
Fans Ticket: The main feature of this function is an exclusive community-building platform specially designed for Key Opinion Leaders (KOLs).
How does Club Ticket work?
Club Ticket enables users to easily create their own Meme tokens and trade them on decentralized exchanges (DEX). Here's how it works:
Creating a Coin a. Define Token Basics:
Name: The official name of the Token.
Ticker: The trading symbol of the Token, usually a 3-4 letter abbreviation.
Description: A brief description of the Token, explaining its purpose and functionality.
Cover: The visual identifier of the Token, such as a Logo or icon. b. Create the Token, using the mrc20 protocol here. c. Deploy and Release:
Meme / BTC pool is deployed on BTC.
Deploy the smart contract to the blockchain, which usually requires a certain amount of gas fees.
During the deployment process, you can choose to purchase a portion of the Tokens immediately as an initial holding, sometimes referred to as a "seed round" or "private round." d. After successful deployment, the Token can be traded in the Primary Market.
Crowdfunding Liquidity Pool ？
a. Crowdfunding a Liquidity Pool is the process of funding the initial liquidity for the Token. This is usually done through the Primary Market method.
b. Participants exchange newly created Tokens for satoshis (sats), and these exchanged cryptocurrencies are used to establish a liquidity pool.
c. Establishing a liquidity pool is crucial for Token trading on DEX because it provides liquidity for buy and sell orders.
Listing on DEX（The pool is bridged to MVC when the transaction volume exceeds a certain threshold. ）
a. Once the liquidity pool is established, the Token can be listed on the decentralized exchange (DEX) Orders.exchange.
b. After listing, the Token can be freely traded on Orders Swap or the Primary Market, where users can buy or sell according to their needs.
How it works on Btc
Since the MRC-20 token protocol runs on BTC natively, all the actions that happen in Ticket.fans, such as buying and selling, are inherently BTC transactions.
Phase 1 of a new token operates under the bonding curve AMM model, where users pay BTC to buy the token and sell the token to get BTC back. The trades occur between the user and the token service, with the price determined by the bonding curve algorithm. The advantage of this model is that it's purely on-chain and never runs out of liquidity.
When the token is trending and the buying power exceeds a certain threshold, we enter Phase 2. At this point, the liquidity stored by the service will be deposited to create a liquidity pool on the Orders.exchange swap service. The token then becomes swappable on Orders.exchange, with the price determined by the market in a traditional Uniswap-like manner. The previous bonding curve model continues to run in parallel as a progressive issuance mechanism. Users can only buy the token from the bonding curve if the price is lower than the market price, but they cannot sell it back to the model anymore.
In both phases, all transactions are conducted on-chain.
How mrc20 tokens apply？
The token protocol used by Ticket.fans is MRC-20, a UTXO-based token protocol that runs on the Bitcoin network. The protocol is designed to be simple and efficient, making it a perfect fit for the BTC environment and potentially for future cross-chain applications.
When users create a new token, the service helps deploy it on the BTC network and mints a certain amount of tokens as the initial supply. This process runs in a custodial manner.
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