Lottery Pump: The Fair and Fun Way to Launch Meme Coins

The Lememe introduces a decentralized, gamified mechanism to enable the creation and launch of memecoins on blockchain networks. The system combines the thrill of lottery participation with fair and transparent token distribution while leveraging DeFi mechanics for liquidity pool creation and trading. This proposal aims to integrate the concept into Polkadot’s ecosystem, enabling builders and communities to create memecoins benifit from high performance of Polkadot.

Problem Statement

The memecoin trend has become a massive driver of community engagement in the blockchain space, yet launching new tokens is often restricted to developers with technical expertise. Current challenges include:

Lack of Fair Distribution: Early adopters often monopolize token launches, limiting community participation.
Engagement and Liquidity: Most token launches lack mechanisms to simultaneously build community interest and establish liquidity.
Barriers to Entry: Token creation is still complex for non-technical users.

Lememe Solution

The Lememe democratizes the token launch process, offering an all-in-one platform to:

Enable Token Creation: Allow anyone to create a new token by uploading an image and a name.
Implement Gamified Lotteries: Users participate in a lottery which is created automatically by system to win token allocations, fostering excitement and fair distribution.
Build Liquidity Pools: Automate liquidity creation for new tokens by selling tickets of the lottery.
Boost Ecosystem Growth: Encourage community participation, improve token distribution transparency, and drive liquidity in Polkadot’s ecosystem.

Lememe Architecture

1. Lottery Memecoin Creation

Users upload an image and provide token name.
The system generates and deploys an lottery for user. Total 100 winners of the 1/100,000 chance determines.

2. Gamified Lottery

Users pay a one-time entry fee (e.g., USDT or DOT) to participate in the lottery.
Winners will receive 80% of the initial token supply.
Remaining participants share 20% of the tokens, ensuring fair distribution.

3. Liquidity Pool Deployment

Collected ticket fees are used to create liquidity pools (e.g., Token/DOT) via integrated DeFi protocols (like HydraDX or Polkadot-native AMMs).
Liquidity pools are launched after 30% of tickets are minted, enabling trading while lotteries continue.

4. Staged Token Distribution

Stage 1: After 30% of tickets are minted, 50% of the token supply is distributed.
Stage 2: Once all tickets are minted, the remaining 50% is distributed using the same mechanism.

Key Benefits for Polkadot

1. Ecosystem Expansion

Attract creators and communities to Polkadot as the go-to platform for memecoins and community-driven projects.

2. Enhanced Decentralization

Use Polkadot’s architecture to decentralize memecoin launches.
It takes 10 million transactions to distribute a meme, demonstrating the ultra-high performance of the Polkadot network.

3. Community Engagement

The lottery system ensures active participation and builds hype for projects.

4. Liquidity Growth

Increased token trading within Polkadot’s ecosystem strengthens DeFi liquidity and volume.

Demo of Completed Work

Lottery Sample

Lottery: This prototype shows the UX of lememe. When a new meme is created, a game like this will be created for sharing and dissemination by QR or URL.https://hashlottery.fun/#anchor://hfbywkjqreo/122787.
Definition:There is only one definition file, and all other lottery result images are recalculated and rendered based on the hash. https://bafkreicl7rl5d6bkgyzxc67jdfoythbthikk7bnt4m22zjd6e7jx5hoera.ipfs.w3s.link/.
Data Structure: https://github.com/ff13dfly/iNFT?tab=readme-ov-file#definition-of-inft

Anchor Network

The running substrate node. https://polkadot.js.org/apps/?rpc=wss://node.hashlottery.fun
The pallets needed. https://github.com/ff13dfly/iNFT/tree/master/pallet

Anchor Pallet: An On-chain Linked List storage pallet.
Bounty Pallet: Ticket status recording pallet.