With both buyback and presale as dual engines, can Clanker reignite the Base craze?
What are the features and innovations of the Clanker presale mechanism?
Original Title: "Can Clanker Ignite a New Wave of Frenzy on the Base Chain?"
Original Author: KarenZ, Foresight News
After acquiring Clanker, Farcaster decided to use two-thirds of the protocol fees generated by Clanker to purchase and hold CLANKER tokens. As of December 2, Farcaster had accumulated 1.8% of Clanker's total supply, amounting to 18,342 tokens.
At the same time, Clanker is also targeting the market, aiming to secure its own position. The first sale will begin at 1:30 AM on December 5. So, what are the specific features and innovations of this sales mechanism? Based on the publicly available documentation from the Clanker development team, let's take a look together.
Core Rules and Features of Clanker
Fundraising Targets Have "Upper and Lower Limits"
Clanker sets both upper and lower limits. The lower limit is the minimum fundraising target (if not reached, refunds are issued), and the upper limit is the maximum fundraising target (once reached, the sale closes). This way, the project team has both a fundraising floor and a cap, giving them clarity.
7-Day Sales Cycle
The sale runs for a fixed period of 7 days and automatically stops when the time is up. However, the project team does not have to wait the full 7 days; as long as the minimum target is reached, they can choose to end the sale early and quickly proceed with token deployment. Additionally, if the fundraising amount reaches the maximum target during the process, anyone can directly terminate the sale.
Investor Protection
During the sale, investors can withdraw all or part of their invested ETH at any time. This gives investors full autonomy and makes risk more controllable.
Additionally, if the fundraising is successful, the project team can directly claim the raised ETH (after deducting Clanker's fees). If the fundraising fails, investors can withdraw their invested ETH.
Anti-Dumping Lock and Release Mechanism
Why do tokens often crash after listing? It's often because large holders and early participants start dumping as soon as the token goes live. To address this, Clanker has set a mandatory lock-up period (at least 7 days), during which participants cannot immediately sell their tokens after receiving them. After the lock-up period, tokens are not unlocked all at once but are released linearly over time, effectively preventing the market from being instantly overwhelmed.
Customizable Token Allocation
The project team can control how tokens are allocated through parameter settings. By default, 50% goes to participants and 50% to the liquidity pool, but the team can adjust this ratio.
Whitelist Mode Supported
Not every project wants everyone to participate. Clanker supports whitelist restrictions, allowing the project team to specify that only certain addresses can participate. This is suitable for curated fundraising by the project team.
Clanker Sales Process
The Clanker sales process can be briefly summarized into the following four core stages:
1. Launch Phase: The project team configures parameters such as fundraising targets and token allocation.
2. Participation Phase:
· Users: Deposit ETH to participate in the subscription; during this phase, they can also withdraw ETH at any time (cancel/reduce investment).
· Project Team: If the minimum fundraising target has been reached, the team has the right to end the sale early without waiting for the time to run out.
3. End of Sale: The sale can be ended in the following ways:
· Time runs out and the minimum target is reached (can be triggered by anyone);
· The fundraising amount reaches the maximum target (can be triggered by anyone);
· Or, after reaching the minimum target, the project team decides to end early (can only be triggered by the team).
4. Final Settlement:
Depending on the fundraising status at the end, there are two possible outcomes:
Success: The minimum or maximum target is reached.
Result: Tokens are automatically deployed. The project team withdraws the raised ETH (after deducting Clanker fees); users can claim tokens after the lock-up period ends (at least 7 days).
Failure: 7 days pass without reaching the minimum target.
Result: Sale fails. Users can withdraw their ETH.
In summary, Clanker attempts to strike a balance between investor protection and project team flexibility. Investors can withdraw funds at any time, receive full refunds if fundraising fails, and benefit from token lock-up periods that prevent dumping, effectively reducing participation risks. Project teams can flexibly adjust fundraising strategies, customize token allocation ratios, and even end the sale early after reaching the minimum target, greatly improving fundraising efficiency.
However, the outcome of Clanker still depends on a combination of factors—the quality and prospects of the project itself, the market's enthusiasm and recognition, and the reasonableness of the rules set by the project team, among others.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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