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https://warpcast.com/~/channel/mintclub
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Karo K
@serendipity
What is a child token? Is this the official lingo? Is child token just another way to say “meme coin”? Is mint.club a token launching mini app? Couldn’t find any information to read up on it
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Plants
@plantsnft
A child token is purchased using the parent token Think all these base coins but use eth as the parent Any coin can have a child token. And then the child token can have its own child token It just means x coin can only be bought/sold by a different coin. Normally it’s eth (swapped for something else on the same Chain)
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Karo K
@serendipity
Thank you this is super helpful! So launching a child token on mint club using a parent token means it has no financial value like a “real” memecoin that’s launched lets say on @clanker and not in the @monad-xyz test environment?
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Plants
@plantsnft
Yea.. it’s a memecoin or utility coin or whatever you want it to be but the big takeaway is that is “backed” by the parent token So if the parent is $degen and you launch a child of that then when you buy/sell the child it is priced in degen So if degen goes up 10% so does the child token (assuming it isn’t bought or sold during that 10% pump) Mint club is on a bonding curve so the child tokens are cheaper the lower the supply
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Plants
@plantsnft
NFTs priced on eth or whatever are technically child tokens cause they are bought and sold but priced in eth
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Plants
@plantsnft
@mintclub how did I do explaining?? 😆
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@undefined
oops hehe 22836 👏🏻
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