Coinboost: An Onchain Growth Engine for Zora Coins
The other day, I wanted to try Zora's new Coins system for myself, so I released Mintaphor there.
I was just testing out the flow, so I didn't announce the drop anywhere. Yet it still reached 10 buyers and a ~$2,000 market cap. Not bad for a test!
But let's say I actually wanted to do a serious Zora Coin release and get it more widely discovered and traded. What to do?
Here, cue in Coinboost.
Launched last week by Boost Studios, Coinboost is a plug-and-play incentive engine built on Boost V2 that lets you quickly incentivize trading and boost visibility for your Zora Coins.
The tool is super simple to use, too. I'll walk you through how it works using my Mintaphor coin to demonstrate.
Start by heading to coinboost.wtf, signing in with your wallet, and switching over to the Base network if you need to. Then click the "Create" button at the top of the page.
Doing this will bring you to the deployment interface, like so:
Now it's time to pick your coin. You can launch a new coin through Zora right from this UI, or paste in an URL for one of your existing coins. Here's how it'll look once you're primed to proceed:
At this point, you'll be ready to set up your incentives.
Right now, you can only use the coin you're boosting as the reward and bonus, but the Boost team is planning to add the ability to use different coins, multiple coins, etc.
For example, below you can see I've set up 25M $Mintaphor as my rewards budget with a 100% bonus. This bonus means that if someone buys $1 of my coin, they'll earn a $1 reward, effectively making their purchase free. You can set this bonus percentage wherever you want, though.
To finish up, press "Deploy Boost," confirm your reward details, and then sign the approval transaction and the spend transaction with your wallet.
Voila! That's all it takes to use Coinboost. You'll be given a bespoke link (like this) for your boost that you can share around and have people trade through.
All in all, it's a cool and streamlined app that demonstrates what Boost's onchain growth engine can do. If you're a Zora lover and plan on launching more stuff there, Coinboost can be a great new addition to your creative toolbox.