PandaTool: 314 Standard One-Click Coin Issuance Process Detailed Explanation

CN
9 months ago

With the popularity of the X314 project, the 314 protocol standard has been redefined on the BSC chain and is expected to become the mainstream protocol after the ERC721 protocol standard.

Different from traditional trading methods, the 314 standard completely separates the key link dex in traditional DEFI protocols, eliminating the need to rely on dex to conduct online swaps, thereby reducing the high transaction fees and cumbersome authorization process for users to a certain extent, achieving the new effect of "transfer is transaction".

If you want to issue a 314 protocol type token, the PandaTool one-click token issuance platform will be a good choice. In this article, I will show you in detail the one-click token issuance tutorial for the 314 protocol, which anyone can learn.

1. Fill in the token parameters

First, after successfully connecting the wallet, we fill in the corresponding parameters on the token issuance page.

Token full name: Information about the token's name, such as Panda314

Token symbol: The token abbreviation, such as 314. Usually the name displayed in the wallet.

Total supply: The total supply of tokens issued, which cannot be increased and is fixed.

Precision: Represents the number of decimal places for the coin, e.g., 0.000001 represents a precision of 6, default is 18 and cannot be changed.

314 settings

Liquidity ratio: The proportion of the total issued tokens used for adding liquidity to the pool.

Cooling-off period: The cooling-off period for transactions, minimum 1 second, maximum 60 seconds. For buy orders, within the cooling-off period, only 1 buy order is allowed across the network. Once someone buys, others cannot buy. For sell orders, each address can only sell 1 order within the cooling-off period.

Buy tax rate (fill in 0 for unnecessary parts/marketing tax excluded, total ratio not exceeding 25%)

Marketing tax rate: A corresponding proportion of tokens will be deducted for each buy order and sent to the contract address, which will be automatically exchanged into BNB and sent to your marketing wallet address when the trigger threshold is reached.

Burn tax rate: A corresponding proportion of tokens will be deducted for each buy order and sent to the black hole address to achieve the purpose of burning.

Sell tax rate (cannot leave unnecessary parts blank, must fill in 0, marketing tax excluded)

This part is explained the same as the buy tax rate.

Marketing wallet

Only the marketing wallet has the right to add liquidity, withdraw liquidity, and extend the lock pool time. It is recommended to use the current token issuance wallet as the marketing wallet.

Maximum holding amount

The maximum amount of tokens that each wallet should hold. Once this setting is closed, it cannot be reopened.

2. Console instructions

After successfully issuing the token, you can enter the console to manage various functions of the token. After connecting the wallet, open the console.

Permission control

Abandon permission: Transfer the transaction control permission to the black hole, which cannot be retrieved forever. (If the marketing wallet and permission wallet are the same, after abandoning the permission, you can still add or withdraw liquidity without any impact on functionality.)

Liquidity control (only operable by the marketing wallet)

Add liquidity: Add BNB to the contract and form a trading pair with the tokens inside the contract.

Unlock blocks: Determine the block height at which the pool will be unlocked. BSC chain has approximately 1 block every 3 seconds. If you plan to lock for 48 hours, it will be approximately 48x60=2880 seconds, which translates to 2880÷3=960 blocks. Use the current block number + 960 = the block number you should enter.

Token price: The initial online price can be obtained by dividing the initial BNB added to the pool by the number of tokens in the liquidity pool.

Remove liquidity: Remove BNB from the contract when the pool is not locked or after the lock pool time has passed.

Extend lock pool time: Before the unlock time arrives, you can still extend the lock pool time. BSC chain has approximately 1 block every 3 seconds. If you plan to extend for 48 hours, it will be approximately 48x60=2880 seconds, which translates to 2880÷3=960 blocks. Use the current block number + 960 = the block number you should enter.

Transaction control

Modify holding limit: Increase or decrease the limit of holdings for each address.

Disable holding limit: The holding quantity for each address is unlimited.

Modify cooling-off period: Modify within 1 second to 60 seconds, not exceeding 60 seconds.

Modify marketing wallet: For ease of operation, it is recommended to change the marketing wallet to the token issuance wallet.

3. Notes

How to access the console with the marketing wallet?

If your permission address and marketing wallet address are not the same, to access the console, you need to first copy the console URL and then use the marketing wallet to open the console URL to enter.

After abandoning permission, does the marketing wallet function still work?

If the marketing wallet and permission wallet are the same, after you abandon the permission, it does not affect the use of the marketing wallet function. You can still add or withdraw liquidity and control liquidity.

How to calculate the initial token price?

When issuing the token, you need to reserve the liquidity ratio. For example, if your total supply is 200 million and the liquidity ratio is 50%, then 100 million tokens will default to the contract address. Then, when adding liquidity, if you add 10 BNB, your initial price will be: 10÷100000000=0.0000001 BNB. If the BNB price is 535 USD, then your initial token price will be: 0.0000001x535=0.0000535 USD.

Can the 314 protocol be traded or paired with USDT or wBNB?

It is not supported. 314 protocol transactions can only be conducted through BNB.

How to calculate unlock blocks/lock pool time?

To fill in the unlock blocks, you need to first convert the lock pool time to block height. BSC chain has a block every 3 seconds, so if the current block number is 100 and you want to lock the pool for 1 year, which is 1x365x24x60=525600 seconds, then the block number is: 525600÷3=175200 blocks. Then the current block height is 100+175200=175300 blocks. Enter this number in the unlock blocks, which means the pool is locked for one year.

Why doesn't Ave display K-line?

Since the 314 protocol does not create a pool on DEX, Ave does not fetch K-line by default. If you want your 314 token to appear on Ave with K-line, you need to submit the contract address through the x314 official website and pay 0.2 BNB for self-listing, then you can see the K-line on Ave.

In my opinion, mechanisms like 314 that can accelerate the efficiency of fund liquidity circulation and enhance the decentralization of token trading will develop towards more on-chain ecosystems in the future. As a leading one-click token issuance platform, PandaTool will also inject more ecological vitality into the 314 protocol.

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