Original Title: Farcaster's AI Bot Token Launchers
Original Website: papajams.eth
Original Compilation: zhouzhou, BlockBeats
Editor's Note: This article will introduce several token launch tools on the Farcaster platform, allowing users to easily create tokens and interact with the ecosystem to aid long-term development and simplify token launches to promote robust community growth.
The following is the original content (reorganized for readability):
Farcaster is a social network built on cryptographic technology, ranging from decentralized to having nodes (centralized). As a distributed server network, anyone can set up these nodes to store and verify data.
However, it is not completely decentralized, as founders DWR and V, along with core developers (such as Horsefacts), maintain a control center through the client Warpcast, driving the platform's adoption and development.
The first phase of tokenization on Farcaster began with POINTS, launched as a joke by iammatthias with slight community encouragement, and Six wrote an excellent post about it.
Things quickly spiraled out of control.
Launching a popular meme is not for the faint-hearted; the expectations of people can be a heavy burden, especially for something that was not originally intended to be a big deal. Many assumed the worst without understanding the ecosystem.
Nevertheless, it was a successful initial experiment.
Thus, creativity was fully unleashed, and the initial era of the tokenized community on Farcaster was born, with many communities still thriving today: HIGHER, TNX100, and DEGEN.
Telling their stories goes beyond the scope of this article, but at the end, some resources will be shared, highlighting their founders: deployer, Jacek, LGHT.
The early experiments in tokenization on Farcaster, supported by a decentralized social graph, achieved varying degrees of success and failure. Perhaps due to the large and active developer community, the success rate of many attempts was significantly higher than similar projects.
Liquidity
"The existence of decentralized protocols requires a token" — a16z CTO Eddy Lazzarin
One of the key issues in issuing any new token or meme coin is ensuring that users can buy and/or trade your token, effectively purchasing their future shares or benefits. There needs to be a sufficient asset base to facilitate smooth and efficient trading, and the successful tokenized communities on Farcaster addressed this issue in various ways.
For the "ham" tnx100 token, liquidity is achieved through an NFT mechanism.
For DEGEN, liquidity mining incentives combined with external investments established a strong liquidity pool.
HIGHER successfully attracted widespread attention by crowdfunding liquidity before its launch using party applications.
However, this quickly spiraled out of control (as of December 7, 2024, the market capitalizations are as follows):
Market cap of $39 million
Market cap of $150,000
Market cap of $0
Market cap of $2 million
Market cap of $347,000
Market cap of $3.8 million
The initial serious attempts ultimately devolved into decline.
A system with asymmetric incentives (for long-term results) rewards bad behavior quickly while rewarding good behavior slowly, leading liquidity providers to rush to exit at the time of token issuance.
This "pump and dump" phenomenon is not unique to Farcaster but is an early manifestation of how blockchain allows speculative meme tools to access broadly and without restriction, and many architects are not familiar with the structural details of how to circumvent these tendencies.
BOTS
The advancements in customized large language models (LLMs), combined with their integration into social networks, have accelerated exponentially, with decreasing costs and significantly improved ease of use.
"The initial LLMs were built about five years ago, and it was only about two years ago that they began to mainstream, becoming products that people use, such as ChatGPT, Claude, Grok, and Llama." — pmarca, ben & mark show
On the X platform, AndyAyrey's truth terminal leveraged its KOL influence to elevate GOATmeme to a market cap of over $1 billion. On Farcaster, the first similar project was Aether, built by Martin, which has since earned six-figure revenue (for example, through art collaboration NFTs) and reinvested the profits into the HIGHER community.
TokenBot, built by Dish and ProxyStudio, is an AI agent that exists within the dynamics of Farcaster, serving as a user account designed to conveniently and frictionlessly create tokens by simply posting the token name, image, and code along with the TokenBot tag.
This has triggered an explosive growth of tokens launched by TokenBot, recently surpassing 10,000 tokens, with a total trading volume reaching $1 billion and fee revenue exceeding $7 million, while millions of dollars have also been sent to the token creators.
Once a user publishes a token, the contract goes live and is tradable almost immediately. Everyone in the community can participate broadly, which allows for a wide variety of token types ranging from pure memes to composable experiments, supporting zksync anonymity and commercial use.
This has spawned many memes and projects, including but not limited to:
Anonymous meta projects: rumourcast.xyz, 33bits.xyz, anoncast.org, 66bits.xyz
Client meta projects: native.fun, supercast.xyz (superanon), streamm.tv, clank.fun
Among them, the main controversy surrounding Clanker is that sniper bots can purchase tokens at an extremely fast speed at the beginning of the token issuance, faster than most people (including its creators), and these sniper bots are likely to quickly sell off the tokens afterward.
Critics argue that this mechanism is not ideal. For example, Dan Finlay, co-founder of MetaMask, created the CONSENT token as an experiment to understand this process. The token's market cap skyrocketed to $4 million within a minute of issuance due to the influence of sniper bots and automated behaviors, only to be quickly sold off, resulting in substantial profits for these bots.
Some believe that sniper behavior can promote momentum and attract attention, and in the long run, if the meme properties of the token itself are strong enough, the short-term financial impact is not significant. The team is working on potential solutions to balance the accessibility of fair issuance and the trade-offs of equal opportunity. This phenomenon has not yet been resolved throughout the ecosystem, and there is currently no perfect solution.
Larry
To address sniper behavior, df and Stephancill created LarryBot, a token issuance tool that allows everyone to purchase tokens at the same price within 15 minutes before the launch (now changed to 69 minutes, fittingly aligning with meme culture). The only limitation is that during this time window, the related idea or meme must attract at least 3 ETH (as a liquidity injection), and participants must have a Neynar score above 0.9.
This experiment sets a higher threshold for the community, requiring tokens to meet certain conditions before graduating from their bonding curve and going live. By using the previously mentioned Party DAO contract, this mechanism locks out snipers from accessing the initial token allocation while achieving strong crowdfunding liquidity aggregation. However, this still comes with the previously mentioned "race to the bottom" incentive flaw.
It is currently unclear what the final effect of the fees will be, but it is certain that the inherent incentive structure in Party mode still has room for improvement. As seen from the success cases of HIGHER and NOGS, the tools themselves are not inherently good or bad; their outcomes depend more on the specific implementation and the transparency of user experience. These factors may be key to driving further evolution of their models.
Nevertheless, introducing this functionality into the social information stream through agents/bots is undoubtedly a step forward — this is referred to as the "Clanker effect."
One way to align the incentive mechanisms of projects like DEGEN is to set token unlocking and vesting schedules. Another option is to distribute tokens to liquidity providers over a long period rather than all at once. Superfluid is helping multiple projects airdrop tokens to the community in this manner. While this is not necessarily a default requirement, it can serve as an option for users participating in projects or memes to decide whether to engage based on this metric. Although this is not a perfect solution, it offers a worthwhile iterative experiment to consider.
Onsen
Developed by Hellno, Onsenbot is a streamlined and efficient bot powered by the Farcaster framework that simplifies the token issuance process while allowing token creators to receive initial allocations from the start.
Any Farcaster user can participate by simply uploading an image and selecting the desired allocation percentage (the default recommendation is 3%). After the token is created, users will receive a private message containing the details. The relevant information will only be displayed on dexscreener once the token is purchased. Based on my experience, creators need to self-fund liquidity from scratch. Onsenbot's fee structure is quite competitive at only 5% (in contrast, Clanker charges 75% of the 1% Uniswap fee).
Terminal
Carlos developed Heyterminal, a bot embedded in social dynamics that supports token issuance. I have not personally used it yet, but it runs well, and all relevant tokens can be viewed on the Heyterminal webpage.
Process
Deploy the token: For example, create moon (their first token).
Airdrop to a specified account: For example, airdrop moon to papa.
Airdrop to a channel: For example, airdrop moon to /tipothehat.
Token allocation: Creators receive 4% of the supply while allocating 50% of the liquidity pool fees.
Add additional token images: Add token-related images to your dynamics.
After building the Farcaster Index, Terminal is the latest token platform launched by Carlos, pulling data from the entire Base ecosystem and enabling users to interact conveniently through their own DEX.
Anyone should be able to launch a token economy. If you have a wallet and a Farcaster account? Create a token for your community, fitness group, or even your cat. —Carlos
Launcher
Launcher is a bot token launcher built on Farcaster by Kompreni, designed to promote long-term commitment through long-term incentives. This approach includes several key innovations:
Implementing a fixed price Uniswap liquidity pool for the first 10 ETH to prevent price sniping
Offering a 1% liquidity provider incentive for two years
Creating opportunities for "sweat equity" through a working agreement, allocating 12.5% of tokens for work contributions
Establishing a revenue model where 90% of ETH transaction fees are distributed to token holders
Providing a more founder-friendly token allocation scheme, with 2.5% of tokens gradually unlocking over a year
"This is a toolkit that allows you to operate a startup on-chain." —Kompreni
The first 12.5% of supply on Uniswap is provided with fixed price liquidity, with a market cap of 80 ETH. After this portion sells out, the full curve of Uniswap will apply to 50% of the tokens. The Launcher is not a personality-driven agent (like a customized LLM); it is purely a bot, so the method to create a token is "launcher launch [ticker]."
The goal is to create a more sustainable and fair token launch mechanism aimed at curbing predatory trading behaviors and incentivizing meaningful participation. —Kompreni
Notable Mentions
Beliefs was originally built by dalechyn and kienfam as a native bot token launcher for Farcaster. However, they have now shifted their focus to X and Telegram, promising to return soon.
Dreamcoins (wow), built by the Zora team, employs a unique launch method. In fact, wow tokens can be initiated through platforms like Clanker and Heyterminal. Their setup is quite unique, as tokens must "graduate" on their platform (reach a market cap of $120k) to complete their bonding curve and officially enter the market. This is to ensure that tokens have sufficient liquidity and a solid foundation before release, laying the groundwork for their eventual prosperity.
This allows creators/communities to secure tokens before snipers, but the visibility of the tokens is limited until this benchmark is reached. Dreamboy is a token launcher, but I am not sure if it has gone live on Farcaster.
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