Expertise Specialist Industries
Insights
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Technologies Involved:
Blockchain
Area Of Work: Crypto/Token Development
Project Description

Wheels Venue, a blockchain-based platform, aimed to launch its ERC20 token on the Base network to facilitate secure, transparent transactions. With a focus on enhancing token value through automated burns and liquidity management, they needed a tailored solution to manage presale allocations, lock periods, and liquidity pool mechanisms. Oodles developed a comprehensive solution to meet these goals.
Scope Of Work

The project involved creating a 10 billion supply ERC20 token, allocating 1 billion tokens for presale, and implementing a 45-day claim lock. It also required an automated 1% token burn per sale until the supply reached 1 billion, alongside adding 2% of every sale to liquidity for market stability. The client sought seamless execution, ownership management, and transparent token operations.
Our Solution

To achieve these objectives, Oodles delivered a custom blockchain solution using Solidity and deployed it on the Base network. Key features include:

  • Token Creation and Management: Established a total supply of 10 billion tokens with defined presale, marketing, and development allocations.
     
  • Automated Presale Locking: Integrated a 45-day token claim lock to ensure fair market practices.
     
  • Burn Mechanism: Implemented an automated 1% burn on every sale until the supply reduces to 1 billion tokens.
     
  • Liquidity Enhancement: Allocated 2% of every sale to the liquidity pool, supporting price stability.
     
  • Ownership Management: Ensured secure deployment with direct ownership assignment through the smart contract.

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