Protocol mechanism

一、Create process

Gate Fun provides a simple and efficient token creation process, enabling anyone to quickly create Meme tokens without any technical background:

1. Creat token

   • Users fill in basic token information through an intuitive interface, include：

     • Token Name (up to 30 characters)

     • Token symbol (up to 12 characters, emoji supported)

     • Token Logo (upload a personalized image)

     • Token Description (up to 100 characters, optional)

     • Social media links (optional)

   • Optional settings:

     • Initial Purchase: Allows creators to directly purchase a portion of tokens at creation time, protecting projects from snipers.

     • Community Incentive Reserve: 1%-5% of tokens will be reserved for the Gate Fun ecosystem pool for community rewards and ecosystem development.

   • The total supply of all tokens is fixed at 1,000,000,000.

二、liquidity mechanism

Gate Fun's liquidity mechanism is implemented through on-chain smart contracts, ensuring fund security, transparent pricing, and automated migration:

1. Bonding Curve Model

   • During the issuance phase, the bonding curve model is responsible for programmatic pricing and token minting.

   • Tokens are “released” on demand by the smart contract, and users purchase tokens directly from the contract. The price is dynamically adjusted based on the number of tokens sold, following a predefined curve function.

   • This model ensures that early participants enter at a lower price, incentivizing the rapid formation of the community while prices gradually reflect market demand.

2. Fund guarantee

   • All capital flows in the joint curve phase are based on on-chain smart contracts, which are open and transparent, and users can verify them in real time through blockchain browsers.

   • Funds are locked in the contract and can only be used for token purchases or liquidity pool construction, without the risk of third-party intervention.

3. Automatic migration

   • When the liquidity pool reaches 1,000 GT, the system automatically triggers a liquidity migration, pairing 20% ​​of the tokens and the remaining 950 GT after deducting creator rewards to GateSwap Standard to establish a liquidity pool.

   • The migration process is controlled by smart contracts, eliminating human manipulation and ensuring fairness and consistency.

   • After the migration is completed, the liquidity LP certificates will be 100% destroyed and the LP will be permanently locked.

Note: The above are provisional rules and will be adjusted based on community and user feedback.