Snack

Party’s New Tool Makes Memecoins Unruggable

What's the scoop on Party's latest feature?

Mar 27, 2024 • 1 min read

Party's latest release, the Token Launcher, is a game-changer for memecoin fans. Say goodbye to the days when a single person could run off with all the money raised for a new coin. This new tool lets anyone start a project where folks chip in ETH, create a new coin, and make sure everyone gets their fair share, programmatically and as a group.

What's the scoop?

The Token Launcher uses smart contracts to gather funds, kick off a new coin, and then trustlessly set up a way for people to trade it.
Once the desired amount is raised, it takes just one click to create a memecoin, make a liquidity pool with all the deposited ETH, and then distribute tokens to all participants.
No more having to trust one person or an unknown team to not take all the presale money and run!

Bankless Take:

Recently, more than a few memecoin presales have been rugged. Now, imagine being able to easily join forces with others to bring a fun new coin to life, knowing your investment is safe from theft. That's what Party's offering here. The Token Launcher’s a big step toward making the world of memecoins a bit less wild west and a lot more community garden, where everyone's got a fair shake and their fair stake!

Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here.

Published in Bankless

There’s a revolution in the world of money. Ethereum, Bitcoin, crypto, open finance, DeFi—a bankless revolution. And you want part of it.

Account Light mode Log Out