Memecoin token generators land on Neo X, Carrot Swap Launchpad and AsteroLab

Carrot Swap and Asteroneo have each recently launched token generators on Neo X. A token generator is a straightforward website that allows individuals to create and distribute tokens. Most often, the tokens created are “memecoins” that don’t have true utility other than intrinsic value, novelty, and community appeal to those who purchase them. Asteroneo has stated intent to incorporate more features and functionality for token creators that wish to offer more than memecoin functionality for their project’s token.

The most prominent token generator platform is Solana’s Pump.Fun, which launched in January 2024. Pump.Fun allows anyone to create and trade a memecoin within a few clicks. When the newly created token reaches a market cap threshold a portion of its liquidity is burnt and the remaining is deposited on a DEX for trading. This application has become very profitable for the underlying network, generating fees from a lot of user activity.

In August, Pump.Fun surpassed $100 million in revenue from the launch of nearly 2 million memecoins. The memecoin generator platform took 217 days to go from $0 to $100 million in revenue, the fastest Web3 application to do so.

Neo’s premier token generator, Forthewin Network’s Smith, was released on Neo N3 in 2022 and allowed users to launch NEP-17 tokens at a deploy fee of 10 GAS coupled with a mint fee of 1 GAS. The no-code solution was expanded to offer support on Polygon, Ethereum, and Neo X. FTW Smith was the first dApp to launch on Neo X MainNet in July 2024.

Neo X’s two new memecoin launchpads offer similar functionality at FTW Smith, albeit with slightly different features.

Carrot Swap Launchpad

Carrot Swap’s Launchpad allows users to create a new token on Neo X or Base (with plans for BNB Chain) with a few clicks, minimal coding knowledge, and relatively minimal liquidity. Once created, the token becomes instantly tradeable on the Carrot Swap non-custodial exchange.

The newly established token is created with “virtual liquidity,” or a bonding curve that mathematically describes the relationship between the price and supply of a digital asset. The bonding curve is predefined by the token creator and algorithmically governed, which helps to ensure that the price rise or fall in a token is predictable with each purchase or sale. The curve typically offers a linear, exponential, or logarithmic shape, which dictates the price changes as supply is bought and sold. Ultimately, such bonding curves are aimed at ensuring continuous liquidity and stable token pricing, striving to balance investor incentives with natural market demand.

A token creator on Carrot Swap’s Launchpad can establish the initial market cap by setting the target raise amount and bond curve type, either linear or flat. With a linear curve, the token price will increase at a constant rate. As more tokens are issued, the price will rise in a corresponding manner during the initial sale. With a flat curve, the token price is fixed to a constant level, which means the token price will remain unchanged throughout the initial sale phase.

Once a token’s pre-selected market cap is reached, it will be automatically listed on the Carrot Swap exchange, where users can freely trade it amongst other listed assets. If a token is created on the Neo X network, it will be listed on Carrot Swap. If the token launches on the Base or BNB Chain, it will be listed on Uniswap V3 or Pancake Swap, respectively.

Once deployed on the corresponding DEX, the liquidity pool tokens are burnt. Once burnt, the LP tokens are permanently locked on the DEX, ensuring liquidity will remain tied to the respective DEX in an effort to reinforce trust and stability in the LP.

AsteroLab Token Generator

AsteroLab is a token generator launched by the Asteroneo team, which was inspired by Solana’s Pump.Fun. While AsteroLab can serve as a memecoin token generator, the team also envisions that the module can be used for projects intending to build a product around their token.

Tokens can be created on the Create Page, which requires a user to connect their wallet, provide general information about the token, and add relevant social media links (i.e., X handle, Telegram username, or webpage). The token creator must select the ERC20 Base and Premint options, but also has the options to cap the token supply, allow token holders to burn tokens, and allow the token administrator to mint new tokens after deployment.

Once the token has been minted, the creator can add liquidity to the token on the Asteroneo non-custodial exchange, and create a trading pair for others to swap for the newly minted token.

When visiting the landing page for a token that’s already been established, the user can purchase the token, provide liquidity to the pool, or offer feedback on the token. Users can grade the token on a 5-star scale and write a comment about the listing.

Looking forward, the team intends to offer point farming for the ASTR token airdrop, increase the customization features, establish charts for tokens created in AsteroLab, and more.