Ticket.fans — Ushering in a New Era of BTC Memecoin Liquidity

Background

In recent months, Pump.fun has created the summer of MEME on Solana, and the revenue of the Pump protocol has repeatedly hit new highs. According to statistics, more than 1.2 million tokens have been issued on Pump. Such a crazy MEME wave, as a token launch platform on Solana, has pushed the activity on the Solana chain to a new high. Other chains have also followed suit, such as Sunpump of Sun Ge.

But the BTC ecosystem that we have been looking forward to does not have a similar MEME launch platform. Due to the characteristics of BTC itself, liquidity and transaction convenience are limited, but the culture of the BTC community is very suitable for the development of MEME. In the narrative cycle of MEMECOIN, we cannot ignore the MEME ecosystem on BTC. MEME is likely to detonate the BTC ecosystem again like inscriptions.

We have noticed that there is also such a launch platform Ticket.fans in the BTC ecosystem, which absorbs the successful experience of Pump: simplifying the token issuance method, reducing the launch cost, fair launch, internal and external trading, binding curve and automatic market making, etc., and also proposed some innovative mechanisms such as side chains.

 1. Project Introduction:

Ticket.fans is a MeMe token Launchpad focusing on the Bitcoin ecosystem, based on MetalD, and running on Bitcoin and its sidechain MVC.

MetaID is a unified identity and data format protocol built on Bitcoin and its isomorphic blockchain. Based on the MetaID protocol, developers can build various Web3 applications on Bitcoin, realize data interconnection and interoperability, and protect user data sovereignty.

Official website: https://www.ticket.fans/

On Ticket.fans, users can easily and quickly generate their own unique tokens within a minute, all in a fair environment characterized by no Rug, no VC, and no pre-sale.

Users do not have to worry about liquidity issues, because in the first phase of liquidity crowdfunding and the subsequent external trading phase, there are sufficient liquidity mechanisms for buying and selling.

II. Products and Innovation:

Products

One-stop Token issuance, crowdfunding, and trading platform

Issued tokens:Deployed and issued MEME tokens

Crowdfunding liquidity pool:Users deposit assets to obtain liquidity tokens.

DEX listing: Trade on Orders.exchange.

Functions

The core functions of Ticket.fans are divided into Club Ticket and Fans Ticket.

Club Ticket: allows users to participate in the issuance of Meme tokens with a low threshold and easily create their own Meme tokens for trading on decentralized exchanges (DEX).

Fans Ticket: an exclusive community building platform designed for KOLs, with application scenarios such as community payment and fan economy.

Innovation

 Transactions occur on the chain, safe and reliable

Adopting the MRC-20 protocol of the BTC ecosystem, all operations that occur in Ticket.fans, such as buying and selling, are essentially BTC transactions. Ensure seamless and secure in-platform transactions.

The MRC-20 protocol is a UTXO-based token protocol that runs on the Bitcoin network. The protocol is designed to be simple and efficient, very suitable for the BTC environment, and may be suitable for future cross-chain applications.

Create liquidity pools and improve liquidity

When the market value of the token exceeds $100K, it will trigger the injection of liquidity, and the funds stored in the service will be injected into the liquidity pool. Users can trade on Orders.exchange (similar to uniswap)

Adopting sidechain MVC, safe and convenient

The second phase of external trading (Orders.exchange) is transferred to the Bitcoin sidechain, ensuring security while optimizing the experience of convenient trading.

Retail-friendly

Buy and sell transactions below 0.001 BTC for free, and transactions equal to or greater than 0.001 BTC will be charged a 1% fee.

3. Community and data

Social media:

Twitter: https://x.com/ticketdotfans, 3K followers

Telegram: https://t.me/Ticketdotfans, 1.3k members

Historical launch data

The projects that went online on the first day all had higher increases. Among them, the first launch project WUKONG has increased by more than 2200% so far

Fourth, how it works:

Take Club Ticket as an example:

Create a token

The Meme / BTC pool is deployed on BTC. After successful deployment, the Token can be traded in the primary market.

Crowdfunding Liquidity Pool

a. Liquidity pool crowdfunding is the process of funding the initial liquidity of a token. This is usually done through the Primary Market method.

b. Participants exchange newly created tokens for sats, which are used to establish a liquidity pool.

c. Establishing a liquidity pool is crucial for token trading on DEX as it provides liquidity for buy and sell orders.

DEX Listing (When the market value exceeds a certain threshold, the pool will be bridged to the sidechain MVC.)

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, and users can buy and sell according to their needs.

From token creation to primary market trading, this process is similar to the LBP liquidity auction, and buying and selling are based on the preset binding curve.

Compared with native BRC20 protocols on BTC, such as ORDI, Ticket.fans has better liquidity (liquidity pool, DEX) and better trading experience (side chain). In addition to paying gas, participating users also need to pay a part of the funds to purchase tokens to provide initial liquidity. When the market value meets certain conditions, there is an opportunity to trade on DEX. The external DEX has more sufficient liquidity, lower handling fees, faster speed, and more convenient transactions.

The first phase of the new token runs under the binding curve AMM model, where users pay BTC to buy tokens or sell tokens to get back BTC. Transactions occur between users and token services, and prices are determined by the binding curve algorithm. The advantage of this model is that it is purely on-chain and will never run out of liquidity.

When the token market value exceeds a certain threshold, it enters Phase 2. At this point, the liquidity stored by the service will be deposited into Orders.exchange to create a liquidity pool. The tokens can then be traded on Orders.exchange, with the price determined by the market in a Uniswap-like manner. The previous bonding curve model continues to run in parallel as a progressive issuance mechanism. If the price is lower than the market price, users can only buy tokens from the bonding curve, but can no longer sell them back to the model.

In both phases, all transactions are conducted on-chain: BTC mainnet and sidechains.

V. Participation Tutorial:

Please refer to the official tutorial: https://ticket-fans.gitbook.io/ticket.fans/v/ticketdotfans-jiao-cheng

VI. Conclusion:

From anti-VC to embracing MEME, from Solana to BTC, we have reason to believe that BTC will also have its own MEME culture. Ticket.fans is designed based on BTC, taking into account security and convenience, and opening the era of liquidity of BTC ecological MEME on the basis of on-chain transactions.

Pump's amazing performance makes us have more expectations for Ticket.fans. But we cannot deny or ignore the current problems on Pump, which may also be repeated on Ticket.fans:

The cost of issuing coins is low, there is a lack of supervision, there are a large number of projects, and there are many scam projects.

Poor money-making effect. According to statistics, 80% of traders on Pump.fun lose money, and only 3.061% make more than $1,000 in profit, which does not feed back to the chain where they are located, and does not make a real contribution to the development of the entire industry

Even more problems that may only appear on BTC, such as: chain transaction jams, high gas prices, etc.

What remains unchanged is human nature, so these problems may always exist, but I also expect that on the BTC chain, in the most original and purest BTC ecology, Ticket.fans can have improvements and innovations compared to Pump and BRC20. From the current on-chain transactions (main chain + side chain) and liquidity design, they are indeed working hard to promote the development of BTC's MEME ecology.