Intro
Mint Club enables the creation of customizable tokens or NFTs with bonding curves, allowing any ERC20 token to be chosen as the base asset. This capability extends across a range of EVM-compatible L1 and L2 networks, including Ethereum, Binance Smart Chain, Base, Optimism, Arbitrum, Polygon, and Avalanche. This eliminates the need for a manual liquidity pool setup.
Binance Labs has invested in the team from the Incubation Program Season 3, leading to the successful launch of Mint Club V1 in 2021. Mint Club V1 onboarded numerous creators, resulting in the creation of over +4,700 assets.
Notum makes it possible to track all your bonding curve-backed tokens in one space — in Notum’s Portfolio Manager. It’s a convenient way of having all your investments before your eyes. Without this Notum’s feature, you couldn’t keep track of the tokens, and this is a gap where Notum gets you covered.
After more than a year of intensive research, multiple prototype iterations, and overcoming protocol design challenges, Mint Club proudly introduces Mint Club V2! Explore further details on the enhancements introduced in V2!
Q: First, what is a Bonding Curve?
A Bonding Curve is a mathematical curve that determines the price of a token in a Base Asset at different “Supply” levels. When tokens are bought, they are minted by the contract, and the corresponding Base Asset is added to the pool. Conversely, selling tokens results in their burning, and the seller receives a predetermined amount of the Base Asset. This automated process of the bonding curve eliminates the necessity for token creators to manually set up a liquidity pool, like in Uniswap.
Source: https://mint.club/create/curve
Q: Can I also customize the Bonding Curve?
When creating your bonding curve token or NFT on Mint Club, you'll use the bonding curve wizard, which allows for complete customization based on your needs. You can choose the curve type from options like:
Linear
Source: https://mint.club/create/curve
Exponential
Source: https://mint.club/create/curve
Logarithmic
Source: https://mint.club/create/curve
Flat Price
Source: https://mint.club/create/curve
Adjusting the price variation intervals lets you set the number of steps for identical price level ranges throughout your token’s journey. Additionally, you can define token specifications, including the initial minting price, creator's free minting allocation, final minting price, and maximum minting supply
Q: What are the benefits of using a Bonding Curve?
Using a Bonding Curve removes the necessity for a manual liquidity pool for tokens. The minting/burning mechanism inherent in the bonding curve contract ensures tokens or NFTs are tradable immediately upon creation. Moreover, you have the ability to tailor your tokenomics by designing the price-supply curve. This facilitates the independent operation of your token/NFT, free from reliance on exchanges, centralized control, or order books.
- Key Benefits as Creator
- Automatic Liquidity Pool via Bonding Curve (Instantly Tradable)
- Flexibility in Bonding Curve Design and Base Asset Selection on EVM Chains
- Easy Monetization with Creator Royalties
- Key Benefits as Holder/Trader
- Stabilized Liquidity Pool
- Controlled Asset Minting
- Predictable Price Changes with Bonding Curve Model
Q: What are the benefits of using the Mint Club platform?
Mint Club offers two primary benefits:
“Comprehensive Flexibility” in designing bonding curves
- With Mint Club, create bonding curve tokens or NFTs with total design control, no coding needed. Choose from curve types like linear, exponential, or flat line, and adjust price variation intervals for your token's journey.
- Additionally, set key token specifications like initial minting price, free minting allocation, final minting price, and supply. Launch your asset on various Layer 1 and 2 networks using any ERC20 token as the base asset.
“Straightforward Monetization” through creator royalties
- Creators can choose royalty rates ranging from 0% to 50% for minting or burning your token or NFT. These royalties automatically accumulate in the owner's address, allowing for straightforward monetization of your project by setting the royalty option during your bonding curve asset's creation.
Q: Which chains does Mint Club support?
Mint Club currently supports EVm-compatible multi-chains such as Ethereum, Base, Optimism, Arbitrum, Polygon, Avalanche, BNB Chain, and Sepolia (Testnet). Mint Club will support additional chains may be introduced in the future!
Q: Can I also track my holding assets that were created on Mint Club?
Yes, you can easily manage the portfolio of your assets created on Mint Club by using Notum. Mint Club V2 has integrated Notum into the "My Portfolio," clearly displaying the assets you hold with specific holding amounts.
- Connect your wallet to Mint Club.
- Click on your wallet address button.
- Select "My Portfolio" under the wallet address.
- You will then be redirected to Notum, where you can check your holding assets.
Source: Mint Club Website
Source: Notum App
To Sum It Up
There have been a few cases utilizing the Bonding Curve model in the SocialFi industry, such as Friend.tech and BitClout. However, there is a rare instance of a platform providing the creation of Bonding Curve Tokens or NFTs at the protocol level.
Mint Club offers support across 7 EVm-compatible Multi-Chains and various Bonding Curve models, enabling easy customization of your token and NFT creation. While these present new challenges for Mint Club, we are excited about introducing more creative assets to our users!
Mint Club’s collaboration with Notum App provides users with a better understanding of their investments and detailed data that could be crucial at times. This opportunity makes your overall DeFi experience way friendlier and handy.
Disclaimer: Notum does not provide any investment, tax, legal, or accounting advice. This article is written for informational purposes only. Cryptocurrency is subject to market risk. Please do your own research and trade with caution.