Advanced Example: $PUMP Memecoin Launchpad

The implications of using EVM functionality explore the potential of tokenizing Large Language Models (LLMs) and integrating AI into various industries. These examples illustrate how smart contracts can revolutionize different sectors.

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$PUMP: A MemeCoin Marketplace

Concept

Create a platform for users to easily launch tokens by setting the name, ticker, logo, supply, locked supply for owners, and the amount of $BASED required to launch. Any token launched on this platform is put into a queue. Users can deposit amounts of $BASED to "vote" on which coin should get launched. Once the predetermined amount of $BASED has been reached, the tokens are launched and distributed to the depositors in proportion to the amount deposited.

Key Features

1. Diminishing Voting Power: The platform uses a diminishing voting power system, where each additional $BASED token deposited has diminishing influence, ensuring a fairer voting process.

2. Burn and Reward Mechanism: When a token is successfully launched:

   • Burn Half of the Deposited $BASED: 50% of the $BASED tokens deposited are burned.

   • Reward Split: The remaining 50% of the $BASED tokens are split between the donors proportionately.

3. $PUMP Token Emissions: Users are eligible to earn $PUMP tokens for creating tokens that attract interest, determined by metrics such as unique addresses and trading volumes. Higher $PUMP rewards are given to early donors to incentivize timely participation.

4. Block Height Timer: Each project has a set timeframe defined by block height. If a token does not receive the required amount of $BASED within this period, the project fails, and all deposited $BASED tokens are returned to their owners.

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Steps to Implement the Concept

1. Create and Deploy the $PUMP Token Contract for Rewards (PumpToken.sol)

Below is the Solidity code to create an ERC-20 token contract for $PUMP:

// SPDX-License-Identifier: MIT
pragma solidity ^0.8.0;

import "@openzeppelin/contracts/token/ERC20/ERC20.sol";
import "@openzeppelin/contracts/access/Ownable.sol";

// ERC-20 token contract for PUMP
contract PumpToken is ERC20, Ownable {
    constructor(uint256 initialSupply) ERC20("PumpToken", "PUMP") {
        _mint(msg.sender, initialSupply); // Mint initial supply to contract deployer
    }

    function mint(address to, uint256 amount) public onlyOwner {
        // Mint new tokens, only callable by owner
        _mint(to, amount);
    }

    function burn(uint256 amount) public {
        // Burn tokens from the caller
        _burn(msg.sender, amount);
    }
}

2. Create and Deploy the Tokenized Project Contract (for Each Project) (TokenizedProject.sol)

Below is the Solidity code for the Tokenized Project contract, which handles the logic for individual projects:

// SPDX-License-Identifier: MIT
pragma solidity ^0.8.0;

import "@openzeppelin/contracts/token/ERC20/IERC20.sol";
import "@openzeppelin/contracts/access/Ownable.sol";

interface IBurnableERC20 is IERC20 {
    function burn(uint256 amount) external;
}

// Manages individual token projects on the platform
contract TokenizedProject is Ownable {
    IBurnableERC20 private pumpToken;
    IBurnableERC20 private basedToken;
    uint256 public threshold;
    uint256 public blockHeightDeadline;
    uint256 public totalDeposited;

    // Optional: Additional fields such as project description can be added here
    // string public description;

    address[] private depositors;

    event ProjectFunded(address indexed user, uint256 amount);
    event ProjectSuccessful(uint256 blockHeight, uint256 totalDeposited);
    event ProjectFailed(uint256 blockHeight);

    mapping(address => uint256) public deposits;

    constructor(address _basedTokenAddress, address _pumpToken, uint256 _threshold, uint256 _blockHeightDeadline) {
        require(_basedTokenAddress != address(0), "Invalid token address");
        require(_pumpToken != address(0), "Invalid pump token address");

        basedToken = IBurnableERC20(_basedTokenAddress);
        pumpToken = IBurnableERC20(_pumpToken);
        threshold = _threshold;
        blockHeightDeadline = _blockHeightDeadline;
    }

    function deposit(uint256 amount) external {
        require(block.number < blockHeightDeadline, "Project funding period has ended");
        basedToken.transferFrom(msg.sender, address(this), amount);

        // Implement diminishing voting power logic
        uint256 votePower = calculateDiminishingVotePower(amount);
        if (deposits[msg.sender] == 0) {
            depositors.push(msg.sender);
        }
        deposits[msg.sender] += votePower;
        totalDeposited += votePower;

        emit ProjectFunded(msg.sender, votePower);

        if (totalDeposited >= threshold) {
            finalizeProject();
        }
    }

    function calculateDiminishingVotePower(uint256 amount) internal pure returns (uint256) {
        // Example diminishing power: sqrt of deposited amount
        return sqrt(amount);
    }

    function sqrt(uint256 x) internal pure returns (uint256 y) {
        uint256 z = (x + 1) / 2;
        y = x;
        while (z < y) {
            y = z;
            z = (x / z + z) / 2;
        }
    }

    function finalizeProject() internal {
        if (totalDeposited >= threshold) {
            uint256 halfDeposits = totalDeposited / 2;
            for (uint256 i = 0; i < depositors.length; i++) {
                address depositor = depositors[i];
                uint256 reward = deposits[depositor];
                deposits[depositor] = 0;
                basedToken.transfer(depositor, reward / 2);
                pumpToken.mint(depositor, reward * 2); // Example reward formula
            }
            basedToken.burn(halfDeposits);
            emit ProjectSuccessful(block.number, totalDeposited);
        } else {
            emit ProjectFailed(block.number);

            for (uint256 i = 0; i < depositors.length; i++) {
                address depositor = depositors[i];
                basedToken.transfer(depositor, deposits[depositor]);
                deposits[depositor] = 0;
            }
        }
    }

    function checkProjectStatus() external view returns (string memory) {
        if (block.number >= blockHeightDeadline && totalDeposited < threshold) {
            return "Project Failed";
        } else if (totalDeposited >= threshold) {
            return "Project Successful";
        }
        return "Project Ongoing";
    }
}

3. Create and Deploy the Main Contract to Manage the Entire Platform (PumpPlatform.sol)

Below is the Solidity code for the main contract that will manage the platform:

// SPDX-License-Identifier: MIT
pragma solidity ^0.8.0;

import "./PumpToken.sol";
import "./TokenizedProject.sol";

// Main contract to manage the platform
contract PumpPlatform is Ownable {
    IERC20 private basedToken;
    PumpToken private pumpToken;

    event ProjectCreated(address indexed projectAddress, address creator);

    constructor(address _basedToken, address _pumpToken) {
        basedToken = IERC20(_basedToken);
        pumpToken = PumpToken(_pumpToken);
    }

    function createProject(uint256 threshold, uint256 blockHeightDeadline) external {
        TokenizedProject project = new TokenizedProject(address(basedToken), address(pumpToken), threshold, blockHeightDeadline);
        project.transferOwnership(msg.sender);
        emit ProjectCreated(address(project), msg.sender);
    }
}

Next Steps

Deploy these smart contracts on BasedAI and integrate them into your Pump MemeCoin generator platform or website. This setup should enable users to launch new tokens, vote with $BASED, earn $PUMP tokens, and engage actively with the community in a decentralized and fun manner.

In this implementation:

• Users: Vote with $BASED tokens and receive rewards in $PUMP tokens. Refunded if projects fail.

• Creators: Can create new projects and set parameters.

• Platform: Burns $BASED tokens to ensure deflationary pressure and redistributes rewards fairly.

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Future Enhancements with Brain-specific Integration

As the platform evolves, integrating AI models from BasedAI's brains could introduce robust features to enhance user experience and platform functionality. Here are the most compelling examples:

• AI-Powered Project Vetting:

  • Initial State: Users rely on community voting to launch tokens.

  • Future State: AI models assess and recommend high-potential projects based on historical data and market trends, ensuring quality and viability.

• Personalized Recommendations:

  • Initial State: Users manually browse and vote on projects.

  • Future State: AI models analyze user behavior and preferences to suggest projects, increasing engagement and delivering a personalized experience.

• Advanced Fraud Detection:

  • Initial State: Basic manual monitoring and user reporting.

  • Future State: AI algorithms detect and flag suspicious activities in real-time, protecting the platform from fraud and manipulation.

• Token Name Vibe Check:

  • Initial State: Users choose names and descriptions for tokens.

  • Future State: AI scans social media and community discussions to assess if a token name and description have viral potential and good vibes.

• Automated Market Making:

  • Initial State: Simple interfaces for buying and selling tokens.

  • Future State: AI-driven market-making algorithms provide liquidity for newly launched tokens, stabilizing prices and enhancing trading experiences.

By integrating these AI-driven enhancements, the Pump Marketplace can evolve from a simple token launchpad to a sophisticated, dynamic platform that intelligently adapts to user needs. Leveraging the power of BasedAI’s specialized brains will not only improve security and user experience but also create a robust and engaging ecosystem.