A blockchain-based platform designed to manage ERC20 tokens with automated features for enhancing token value and liquidity.

Project Description

Wheels Venue is an innovative blockchain application that focuses on launching and managing ERC20 tokens on the Base network. Targeted at enhancing user experience and market stability, the platform offers secure and transparent token transactions. It’s ideal for cryptocurrency enthusiasts looking to invest and trade with confidence. The system automates token burns and manages liquidity, thereby ensuring the token's value growth. The project engages users through seamless presale allocations, lock periods, and robust liquidity mechanisms, thus contributing to long-term market stability. By providing a comprehensive token management system, the platform attracts a diverse user base ranging from individual investors to large-scale financial institutions.

Scope of Work

The primary goal of the client was to develop a sustainable and efficient blockchain system capable of launching an ERC20 token with a 10 billion supply. The project faced challenges such as ensuring secure presale processes with an allocation of 1 billion tokens and implementing a substantial claim lock period of 45 days. Additionally, the client required automated mechanisms to burn 1% of tokens per sale and to allocate 2% to liquidity, all aimed at achieving market stability and transparency. Overcoming these obstacles was crucial for maintaining investor confidence and promoting healthy market operations.

Our Solution

Crazi Co implemented a robust blockchain solution leveraging Solidity on the Base network. The development included creating and managing a total supply of 10 billion tokens with specific allocations for presale, marketing, and development activities. An innovative 45-day claim lock feature was integrated to promote fair market practices. The solution also encompassed an automatic token burn feature, activated on every sale, to maintain token scarcity. Additionally, 2% of each sale was automatically transferred to the liquidity pool, ensuring price stability. The ownership of tokens was precisely managed through a smart contract, enhancing security and trust among users.

Key Features

• Feature Title: Token Creation and Management - The solution defined a total supply of 10 billion tokens with specific allocations for presale, marketing, and development, ensuring organized token distribution.

• Feature Title: Automated Presale Locking - Introduced a 45-day token claim lock to ensure fair market practices and prevent premature selling, fostering a trustworthy trading environment.

• Feature Title: Burn Mechanism - Implemented an automated 1% burn on every sale to gradually reduce the token supply, targeting a total supply of 1 billion tokens to maintain scarcity and value.

• Feature Title: Liquidity Enhancement - Allocated 2% of every sale to the liquidity pool, aiding in market stability and enhancing the token's tradability among users.

• Feature Title: Ownership Management - Ensured secure deployment with direct ownership assignment through a smart contract, enhancing security and trust for all stakeholders involved.