Introducing weth.fun: Launch a coin that is instantly tradeable without having to seed liquidity

Pick a name, ticker, JPG & instantly begin trading on a bonding curve

Coming Soon to 
@ethereum 

Keep reading to learn why it will forever change how coins launch🧵

The largest onchain marketplace. Buy and sell crypto on Ethereum and 10+ other chains.

chief procrastinator & professional napper. memes, pizza, sporadic productivity. holder #btc #eth #sol

Currently, new launches work in 1 of 2 ways:

1) Coin is deployed, minting authority is renounced, liquidity is seeded on a DEX like @uniswap  & LP token is locked/burned

2) Same process but w/ a presale: ETH is sent to random address for nothing in return (at least initially)

What's wrong with this?

a) It costs at least a couple thousand to seed a pool with decent liquidity on launch

b) Set-up fees are extortionate (1-3 ETH)

c) The entire process is needlessly complicated

How are these solved?

1. Pick name, ticker, JPG
2. Token begins trading on a bonding curve which replicates standard xyk
3. When mcap = $69k, all the bonding curve liquidity is used to seed a liquidity pool on @uniswap. The LP creation and LP token burn happen automatically

To recap: 

- Takes less than a minute to launch a coin 
- 100x less fees and no need to seed liquidity 
- Impossible for dev to rug; far easier to trust 
- Every launch is a fair launch  

Instead of worrying, let's make money and have fun with frens

Interested?

Join: 
https://t.me/wethdotfun

It's equally bad for everyone else

d) Extremely easy to rug a pre-sale when people send ETH to a random wallet

e) Need sophisticated tools on hand to quickly detect renouncing of mint authority, LP token burn, token distribution, etc.

f) and many more