Fair Meme
Last updated
Last updated
Disclaimer: "Fair Meme" is a decentralized finance (DeFi) application built on the Bitcoin Cash blockchain. It is not a registered financial institution and is not subject to regulation by any government agency. By using this product, you understand that you are participating in a decentralized, open-source (will be open-sourced later) project and that the developers of the product make no guarantee of its performance or security. Investing in this product carries a high degree of risk, including the risk of losing all or a portion of your investment. The product is intended for use by experienced cryptocurrency investors who understand the risks associated with DeFi applications and blockchain-based investments. The product does not guarantee any returns and past performance is not indicative of future results. The product is built using smart contracts and is open-source, meaning that it is not controlled by any central party. While the developers have taken reasonable steps to ensure the security and integrity of the contracts, there is always a risk of bugs, errors, or other issues that could result in the loss of your investment. By using this product, you represent that you understand the risks associated with DeFi applications and are willing to assume them. The product makes no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability with respect to the product or the information, products, services, or related graphics contained on the product for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
https://github.com/fex-cash/fex/blob/main/whitepaper/fairmeme_whitepaper.md
The Fair Meme feature is available in the Fair Meme Tab.
First, you need to create a new CRC20 token and mint its all total supply.
BCMR tokens are also okay, but the recommended decimals is 8, and the total supply must be a multiple of 1000.
Then you need to send all tokens to your fex accounts.
Second, click the "New Fair Token", and set up the Fair Meme parameters.
The exact meaning of the parameters can be read carefully in the whitepaper.
After creating Fair Meme tokens, everyone can mint it at the same price.
First, you need to select the Fair Meme token. e.g. TESTFM.
The amount of every fair mint at a time is 1000.
Note: Until the Fair Meme smart contract creates an AMM pool, users SHOULD NOT create pools themselves.
When the sold amount has reached half of the total supply or the end time has been reached, anyone can trigger the creation of the AMM pool. e.g. TESTFM2.
After creating the AMM pool, you can check the pool information on "Ranking" page.
Now users can add liquidity and get LP tokens.
After adding liquidity, users can lock their Fair Meme LP tokens in the "Earn" contract for rewards.
First, turn to the "Earn" tab and select the Fair Meme. e.g. TESTFM2.
Then get an extra LP bonus by locking in a fixed period (4 weeks or so, 4032 block intervals).
