Ponder Protocol

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Ponder is a decentralized exchange protocol built specifically for Bitkub Chain, featuring an innovative meme token launch platform. The protocol combines Uniswap V2's proven AMM foundation with yield farming through the KOI token and a unique fair launch mechanism.

Core Protocol Components

1. Automated Market Maker (AMM)

• Constant product formula (x * y = k)
• 0.3% total trading fee split:
  • 0.25% to Liquidity Providers via k=xy formula
  • 0.05% protocol fee split between xKOI stakers (80%) and team (20%)
  • Special fee structure for launch tokens
• Time-weighted price oracle system
• Permissionless liquidity provision

2. xKOI Staking

• Stake KOI to receive xKOI
• Earn 80% of all protocol fees
• Daily automatic rebasing mechanism
• Real yield from protocol revenue

Launch Platform

The 555 Launch platform introduces a novel token launch mechanism designed to create sustainable meme token ecosystems.

Launch Creation Process

1. Creator initiates launch with:

• Token name and symbol
• Token metadata (IPFS URI)
• Initial token supply: 555,555,555 tokens

2. Token Allocation:

• 70% (388,888,888 tokens) - Public sale contributors
• 20% (111,111,111 tokens) - Initial liquidity
• 10% (55,555,555 tokens) - Creator vesting (180 days)

Launch Rules & Mechanics

1. Target Raise:

• Fixed at 5,555 KUB total value
• Contributions accepted in:
  • KUB (direct)
  • KOI (valued via KOI/KUB oracle)
• Maximum 20% of total value can be in KOI
• Minimum contribution: 1 KUB equivalent
• No maximum contribution per wallet

2. Time Constraints:

• Launch period: 7 days maximum
• Launches complete instantly if target is met
• All contributions refunded if target not met
• No partial fills - must reach full 5,555 KUB value

3. Pool Creation Upon Success:

• KUB contributions (example: 5,000 KUB):

  • 60% (3,000 KUB) to launch token/KUB LP
  • 20% (1,000 KUB) to KOI/KUB LP
  • 20% (1,000 KUB) to launch token/KOI LP

• KOI contributions (example: 555 KUB worth):

  • 80% to launch token/KOI LP
  • 20% burned permanently

4. LP Token Distribution:

• All LP tokens locked for 180 days
• Creator receives 100% of LP tokens after lock
• No early withdrawal mechanisms
• Lock period starts from launch completion

5. Trading Begins:

• Trading enabled immediately upon pool creation
• Initial price set by pool ratios
• Special fee structure for launch tokens:
  • KUB Pairs: 0.04% protocol, 0.01% creator
  • KOI Pairs: 0.01% protocol, 0.04% creator
  • 0.25% always to LPs

Launch Creation Rules

1. Required Parameters:

• Name and symbol cannot be empty
• Name limited to 32 characters
• Symbol limited to 8 characters
• IPFS metadata URI required
• Cannot use address(0) for any parameters

Launch Failure Handling

1. Target not met within 7 days:

• KUB Contributions: Users must manually claim refunds using claimRefund(launchId)
• KOI Contributions: Users must manually claim refunds using claimRefund(launchId)
• Launch remains in failed state
• Creator receives nothing

2. Contract-Level Restrictions:

• Cannot start new launch if previous one exists
• Cannot contribute after deadline
• Cannot contribute if target already met
• Cannot contribute with amount that would exceed target

Tokenomics

KOI Token Utility

1. Launch Platform:

• Required for participating in launches
• Automatically pairs with new tokens
• Burns from launch platform activity

2. Liquidity Mining:

• Farm KOI by providing liquidity
• Boost rewards by staking KOI
• Pool-specific multipliers up to 3x

3. Protocol Fees:

• 0.05% of all trades distributed to xKOI (80%) and team (20%)
• LP rewards via 0.25% direct fee
• Launch creator incentives through fees

Token Distribution

Total Supply: 1,000,000,000 KOI

Initial Distribution (60%):

• 25% (250M) - Team/Reserve (Vested)

  • 180-day linear vesting
  • Strategic partnerships
  • Long-term development

• 20% (200M) - Initial Liquidity

  • KUB/KOI trading pair
  • Market depth and stability

• 15% (150M) - Marketing/Growth

  • Community growth
  • User acquisition
  • Brand development

Farming Distribution (40%):

• 400M tokens over 4 years
• 3.168 KOI per second emission
• Adjustable pool weights
• Boost multipliers up to 3x

Value Accrual Mechanisms

1. xKOI Staking:

• 80% of all protocol fees
• Daily automatic rebasing
• Protocol-owned liquidity growth

2. Launch Platform:

• KOI required for launches
• LP pair creation
• Launch token creator fees

3. Protocol Growth:

• Sustainable fee structure
• Deep initial liquidity
• Team alignment through fee sharing

System Architecture

Core Contracts

1. PonderFactory:

• Pair creation and management
• Fee collection and distribution
• Protocol configuration

2. PonderRouter:

• Trading functionality
• Liquidity management
• KKUB handling

3. FiveFiveFiveLauncher:

• Launch creation and management
• Contribution handling
• LP token generation
• Fee distribution

4. KOI Token:

• Supply management
• Team vesting
• Transfer controls

5. FeeDistributor:

• Fee collection from pairs
• Conversion to KOI
• Distribution to xKOI and team

Integration Guide

Launch Platform Integration:

// Create a new token launch
uint256 launchId = launcher.createLaunch(
    "Token Name",
    "SYMBOL",
    "ipfs://metadata"
);

// Contribute to launch
launcher.contribute(launchId);

// Claim vested tokens (creator)
launchToken.claimVestedTokens();

// Withdraw LP tokens (after lock period)
launcher.withdrawLP(launchId);

Farming Integration:

// Stake LP tokens
masterChef.deposit(pid, amount);

// Stake KOI for boost
masterChef.boostStake(pid, amount);

// Harvest rewards
masterChef.deposit(pid, 0);

// Withdraw LP tokens
masterChef.withdraw(pid, amount);

License

MIT License - see LICENSE