Smart contract
The Multix team has carefully analyzed the experience of working with other platforms and identified numerous shortcomings and complexities that users face when creating and managing projects. Based on this data, we have developed a unique unified smart contract that significantly simplifies processes for both developers and users.
Our smart contract integrates all the key functions necessary for the successful creation, launch, and management of blockchain projects. This solution eliminates the need to use multiple tools and interact with various contracts, which often leads to errors, delays, and increased costs.
Advantages of the Unified Multix Smart Contract:
Ease of Project Creation
— Instead of complex processes involving multiple smart contracts, developers can easily launch projects using a single platform. All necessary tools are integrated into one contract, reducing the number of steps required to launch a project.
Convenience of Management
— Project management becomes intuitive and straightforward, even for those without extensive experience in blockchain technologies. All management functions, such as token distribution, campaign launches, fundraising, and user interaction, are available in one place.
Enhanced Security
— A unified smart contract reduces the likelihood of errors and vulnerabilities associated with using multiple contracts. This minimizes risks and increases the security of projects launched on the Multix platform.
Saving Time and Resources
— Thanks to the unification of all processes, developers do not need to spend time integrating and configuring multiple contracts. This also reduces the costs of developing and maintaining the project.
Flexibility and Scalability
— The Multix smart contract supports various scenarios and types of projects, from token sales to promotional campaigns and airdrops. Projects can quickly scale and adapt to market changes.
Thus, our technology significantly simplifies interaction with the blockchain and allows developers and users to focus on creating and promoting their projects without being distracted by technical complexities.
Function
Functionality of Jetton Minter:
Token Creation and Emission:
Upon contract initialization, the project's token is created in accordance with the TEP-74 standard.
The entire token emission is allocated to the address of the contract itself, ensuring full control over token distribution through the smart contract.
Automatic Revocation of Rights:
The contract automatically revokes all rights to the token after its creation.
This means that no one, including the initiator of the contract, can issue additional tokens or alter the parameters of existing ones.
Security and Inaccessibility of Tokens:
Tokens remain inaccessible to all participants until they are distributed according to the predefined logic of the contract.
This approach ensures protection against unauthorized access and prevents potential fraudulent activities.
Open and Unmodified Code:
The token's code is open for review and complies with the TEP-74 standard without any modifications.
This guarantees compatibility with other applications and builds trust with the community and investors.
Conducting Presale/Fairlaunch:
Announcement of Sale Parameters:
The initiator of the contract can announce the date and conditions of the token sale through the smart contract.
This can be done at any time, providing flexibility in planning and adapting to market conditions.
Flexibility in Planning Rounds:
There is no need to announce the dates and conditions of all token sale rounds in advance.
The decision to conduct, for example, a fairlaunch can be made after a successful presale or postponed to a later date.
Repeating the Sale:
In case of an unsuccessful token sale (insufficient number of participants or funds raised), there is an opportunity to conduct the round again.
This allows adjustments to the sale conditions and the attraction of more investors.
Managing Tokens Before Listing:
Regardless of the expiration of the lock-up period, tokens remain on the contract until they are listed on a DEX.
The lock-up period does not need to strictly correspond to the date of the token sale, simplifying planning and preventing premature appearance of tokens on the secondary market.
Protecting Project and Investor Interests:
This mechanism ensures control over token distribution and protects the project from unscrupulous actions related to early listings on exchanges.
Listing on DEX:
Decision on Listing:
The initiator of the contract independently decides on placing tokens on a decentralized exchange (DEX).
This allows choosing the optimal time for listing, considering market conditions and the project's strategic goals.
Access to Collected Funds:
After adding liquidity to the DEX, the project gains access to the funds collected from the token sale.
An exception is funds collected during early rounds, which are immediately available through DAO records.
Possibility of Additional Rounds:
The initiator of the contract may decide to postpone the listing and conduct additional token sale rounds.
However, funds collected in these rounds will only be available after listing on the DEX, ensuring investor protection and maintaining community trust.
Community Protection:
This approach prevents the possibility of token price manipulation and protects the interests of early investors.
Asset Management through DAO:
Decentralized Asset Management:
All assets associated with the contract are managed through records in a DAO (Decentralized Autonomous Organization).
This includes both the project's tokens and the native TON tokens.
Structure of DAO Records:
Each record contains information about the amount of the asset, unlock parameters (time, conditions), and the recipient's address.
This ensures transparency and a clear understanding of the conditions for fund distribution.
Distribution of Funds to Organizers:
After conducting token sales, the contract automatically adds a record in the DAO to distribute funds to the project organizers.
This guarantees that the project team receives funds according to the established conditions.
Gradual Unlocking of Funds:
Receiving funds from the DAO can be configured with gradual unlocking over days or other time intervals.
This mechanism contributes to the long-term development of the project and increases investor trust.
Enhancing Community Trust:
Organizers can set fund unlocking conditions at their discretion to demonstrate commitment to the project and provide additional assurance to the community.
Voting in the DAO:
Decentralized Decision-Making:
After listing on the DEX, all important decisions—including adding new records to the DAO—are made through community voting.
This ensures equal participation of all token holders in project governance.
Community Initiatives:
Participants can propose new fund distributions, changes in project conditions, or the cancellation of previously made decisions.
This encourages active participation and community responsibility for the project's development.
Voting Parameters:
The initiator of the contract establishes key voting parameters at the initial stage, such as the required percentage of votes to make a decision and the possibility of fund distribution cancellation.
This ensures a balance between management efficiency and protection against possible abuses.
Protecting Investor Interests:
In case of negative actions from the project team, the community has the ability to initiate the cancellation of fund allocations if this is provided for by the contract conditions.
This mechanism enhances transparency and trust in the project.
Staking within the DAO:
Initiation of Staking:
By decision of the DAO (after listing on the DEX) or by the contract initiator (before listing), a staking pool for tokens can be announced.
This provides additional functionality and opportunities for token holders.
Participation and Rewards:
All token holders can participate in staking by placing their tokens in the pool.
As a reward, they receive additional income, which can be paid out in project tokens or in TON.
Participation in Voting:
Token holders participating in staking retain their voting rights in the DAO.
This is achieved through the function of temporarily lending their tokens to the voting contract.
Encouraging Long-Term Participation:
Staking encourages token holders to participate in the project long-term and actively engage in its development.
Rewards and Salaries through the DAO:
Directing Revenue to the DAO:
After all rounds, the project can choose to allocate part of the proceeds to the DAO.
This demonstrates commitment to the project and a desire to support its long-term development.
Distribution of Funds by Community Decision:
Through DAO voting, these funds can be directed to staking pools or used to add records for rewarding project employees.
Transparency and Participation:
This approach ensures transparency in fund distribution and encourages active community participation in decision-making.
Supporting the Project Team:
The DAO can establish reward programs for key team members, promoting motivation and retention of talented specialists.
Overall Conclusion:
This mechanism provides a comprehensive approach to creating and managing the project's token, including flexibility in conducting token sales, transparency in fund distribution, decentralized management through the DAO, and opportunities for long-term community participation and rewards. Such an approach enhances investor trust, stimulates active participation of token holders, and contributes to the successful development of the project.
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