İbrahim Baybars
@teknikmedya.eth
As ETH volume rises, only a matter of time before #BASE hype returns. The first ERC-1919 token is set to launch on #BASE. Get in early for astronomical gains
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İbrahim Baybars
@teknikmedya.eth
What is ERC 1919? ERC-1919 defines tokens that are exclusively traded through smart contracts, rather than decentralized exchanges like Uniswap.
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İbrahim Baybars
@teknikmedya.eth
< To buy ERC1919 tokens: send ETH to the smart contract, and you'll receive ERC1919 tokens. < To selling ERC1919 tokens: transfer them to the smart contract, and you'll receive the equivalent value in ETH.
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İbrahim Baybars
@teknikmedya.eth
No LP or conventional supply mechanisms. ERC-1919 tokens operate differently. When purchased, the tokens are minted by the contract and delivered to the buyer. Conversely, when sold, the tokens are burned, and the equivalent value in ETH is transferred to the seller.
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İbrahim Baybars
@teknikmedya.eth
Let’s dive into its Algorithmic Pricing < Part 1: An example: Level 1: 0.01 ETH Level 2: 0.02 ETH Level 3: 0.03 ETH And so on…
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İbrahim Baybars
@teknikmedya.eth
< Part 2: Levels move: - Upwards: When tokens are bought (minted). - Downwards: When tokens are sold (redeemed). - As levels increase, the price per token rises. - As levels decrease, the price per token falls.
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İbrahim Baybars
@teknikmedya.eth
< Part 3: Every tier maintains a set token supply. If a mint surpasses the tokens available at a level, that level advances, and surplus tokens are minted at the price of the higher tier. The process is mirrored in selling.
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İbrahim Baybars
@teknikmedya.eth
Edge: ERC-1919 is inherently equitable and secure. Absence of liquidity pools ensures rug pulls are prevented. There are no presales, team tokens, or VC influence, as tokens cannot be distributed prior to launch without the corresponding ETH in the contract for redemption.
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