Introduction to Gas Pump Mini-App on Telegram
I’m excited to introduce the latest innovation: the Gas Pump mini-app on Telegram. This innovative platform enables users to create and trade meme tokens on the TON blockchain seamlessly.
What is This App About?
The protocol is a fork of the popular Pump.fun platform, designed specifically for the TON blockchain. It provides a secure and fair environment for users to create and trade meme tokens, leveraging the unique capabilities of the Telegram mini-app integration. This integration ensures ease of use and accessibility for all users.
Why is Buying Meme Tokens Through The Platform Safer Than Presales?
Buying meme tokens through this platform is safer than presales because the system ensures a secure and transparent trading environment, minimizing the risk of fraud and manipulation often associated with presales. Additionally, the platform's integration with the TON blockchain enhances security and trust for all transactions. Here are the key advantages:
. Reduced Risk of Fraud:
In traditional presales, funds are sent to a wallet address with the hope that the token creators will fulfill their promises. However, there is a significant risk that they could abscond with the funds without launching the token. This platform mitigates this risk by managing the entire process within the app, ensuring that funds are secure and that the token will be launched.
. Fair Allocation and No Team Hoarding
With this system, there are no presales and no hefty team or insider allocations. This ensures that the token supply is distributed more fairly among users, without creators holding a large portion that could later be dumped on the market. This approach significantly reduces the likelihood of a rug pull, where creators could disappear with the funds after a massive sell-off.
. Liquidity Security
All funds reaching the liquidity cap of 1000 TON are automatically routed to DeDust.io, a decentralized exchange. This process locks liquidity in a secure and decentralized manner, preventing the creators from withdrawing it and collapsing the token's value. The platform also burns the liquidity pool (LP) tokens, further protecting the market from any manipulation by the creators.
. Equitable Distribution for Retail Buyers
Traditional presales often disadvantage retail investors, as large allocations can be given to market professionals and market makers who manipulate prices and extract profits at the expense of smaller investors. This platform’s fair-launch model ensures that all tokens are available to everyone simultaneously, preventing large players from securing unfair advantages and providing retail buyers with a fairer chance to profit.
How liquidity is managed
For each token, once it reaches a liquidity cap of 1000 TON, the funds will automatically be directed to DeDust.io, a decentralized exchange (DEX) on the TON blockchain. This ensures continuous liquidity and better market stability for your tokens.
How To Start Trading
Using the mini-app for trading tokens is straightforward. Just follow these steps:
1. Open the Mini-App in Telegram.
2. Follow the Onboarding screens.
3. Research Tokens: Before investing, explore the available information about the tokens. Check the token distribution carefully. If the creator holds more than 30% of the tokens, it might be a sign to reconsider your investment.
4. Join Token Chats: Engage with the community by joining the chat associated with each token. Ask questions and gather opinions to better understand the potential and ideas behind the token.
By following these steps, you'll be well-equipped to trade tokens confidently and make informed decisions.
How Does Token Creation Work
Creating a token on the platform is straightforward and cost-effective. Users can generate their own token directly within the Telegram mini-app with just a few steps and at a minimal expense.
To create a token, press the 'Create token' button on the main screen of the app. Choose a meme photo or GIF, select a name and ticker for the token, and optionally include links to Telegram channels and chats, along with a description. The system ensures fair launches without presales or team allocations, fostering transparency and trust.
Learn more how to launch a meme token in this article:
What is DeDust.io?
DeDust.io is a decentralized exchange on the TON blockchain. By directing liquidity to DeDust.io, this ensure that your tokens can be easily traded in a secure and decentralized manner. This promotes a healthier trading environment and better opportunities for liquidity.
Users receive tokens prefixed with 'gas' and are advised to exchange them before trading on DeDust due to specific operational requirements and trading protocols on the platform.
This mechanism is designed to ensure security and protect liquidity. By issuing tokens with a 'gas' prefix (e.g., gasToken) for initial trades on our platform, this prevent malicious users from "breaking the liquidity" before the official release of the token on DeDust.
Once the token reaches its MCAP cap, the protocol automatically creates a liquidity pool on DeDust in a pairing with TON. Users can then exchange the wrapped version of the token (with the 'gas' prefix) for the tradable version on DeDust at a 1:1 ratio directly through our interface. This process safeguards the liquidity and ensures a smooth and fair transition from the platform to DeDust.
Are There Any Fees Involved?
Creating a token on the platform is fee-free, ensuring accessibility for all users. Trading on the platform carries a nominal fee of 1%, while trading fees on DeDust.io are standard and competitive, offering a cost-effective solution for managing your assets.
Welcome to the future of token creation and trading on TON!