xGov-201: Cometa Launchpad (open-sourced)

Proposals/xgov-201.md

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+---
+id: 201
+period: 4
+title: Cometa Launchpad
+author: Nikita Cometa (@nikitacometa)
+email: nikita@cometa.wtf
+discussions-to: https://forum.algorand.org/t/xgov-201-cometa-launchpad/
+company_name: Cometa
+category: dApps
+focus_area: Defi
+open_source: Yes
+funding_type: Proactive
+amount_requested: 80000
+delivery_date: 2024-08-08
+status: Final
+---
+
+## Abstract
+
+We think that Algorand lacks a proper service for launching new tokens. People have to make airdrops by hand, can't get proper liquidity, etc. There is no proper sales at all.
+
+Recent explosion of Base and Solana ecosystems was triggered mostly because they had a proper _convenient_ mechanisms to launch tokens fast.
+More projects will come to Algorand, when they see how easy it is to have a launch. They will launch much more efficiently. 
+
+Cometa has already helped a lot of new projects to get liquidity as well as media attention. 
+Dozens of IFO (Initial Farm Offering) launches. The Launchpad with full-weight launch mechanisms is the most logical continuation, providing proper funding platform needed by many projects.
+## Team
+
+- Nikita Gorokhov, <b>CEO, Backend Lead</b>.
+Before Cometa 5 years of Backend at <b>Google, Yandex, VK.com</b> and B2B custodial crypto wallet.
+https://www.linkedin.com/in/nikitacometa/
+- Daria Yakovleva: <b>COO</b>. 5 years of AI Ads at <b>VK.com</b> and <b>Google</b>. 
+https://www.linkedin.com/in/daria-yakovleva/
+- Nikita Voronin: <b>Chief Degen Officer</b>, <b>Front-end</b>. @nickvrnn
+- Richard Flairs: <b>Marketing, Communications</b>. @Richflairstv
+- 1 part-time designer and 1 part-time front-end developer.
+
+## Experience with Algorand
+
+Cometa started on Algorand in 2021 with <b>3D AR</b> NFT collection <b>Metapunks</b>. We:
+* First <b>NFT random shuffle</b> app on Algorand. It brought us 1 place at <b>Innovative Hackaton 2021</b> in Digital Art/Collectibles Challenge https://developer.algorand.org/articles/innovate-hackathon-2021/.
+* First <b>true web3 staking algorithm</b> on Algorand with <b>open-sourcing</b> of those <b>Reach</b> smart-contracts: https://github.com/MetaLabsOG/cometa-lm-contract.
+* DeFi-tools: locked pools, Compound & ZAP features, DEX aggregator powered by <b>Deflex</b>, platform stats API.
+* Runner-up winner of <b>Decipher 2022</b> main pitch competition in Dubai with Liquidity-as-a-Service concept (it is working on testnet).
+* Running own Algorand Node, indexing it. Using JS & Python SDKs, building own tools. PyTeal, Reach.
+
+## Present Proposal
+
+The Launchpad will provide easy UI to create, sell and distribute tokens, getting liquidity from the start.
+
+### Nebula Pool
+
+- Projects set up the pool: token amount, duration, [soft cap ALGOs], [hard cap ALGOs], liquidity DEX, percent of ALGO to put into liquidity (0..100%), [liquidity lock duration], [whitelisted addresses].
+- Project allocate more tokens on the start to handle different cases.
+- If soft cap is not reached, users just claim their ALGOs back.
+- After duration or when hard cap is hit, the specified percent is put into liquidity and maybe locked. The rest ALGOs are claimable by the project.
+- Users claim their tokens.
+- The price may be fixed as well as dynamic (this behaviour may vary on initial release).
+
+### Tools
+
+- Create token ASA.
+- Airdrop to token holders/NFT holders/NFD holders.
+- [optional] Provide liquidity with to several DEXes and several ASA pairs in a few clicks.
+
+### Deliverable
+
+- Open-sourced Nebula Pool smart-contract.
+- UI for pool creation, pool running state, pool claim state for seller & buyers.
+
+## Future Blueprint
+
+Cometa is focused on helping small and middle sized projects to get liqudity and attention. 
+With the Launchpad we're leveraging that, attracting new users and gathering much more funds.
+
+Full Token Flow: Create token -> Raise funds & Get initial liquidity -> Attract more liquidity and stabilise it via farming and locking.
+
+We have community trust, earned by almost 2 years of stable platform service and team collaborations, which will ensure the adoption of the feature.
+## Benefits for the community
+
+- Crucial but currently missing functionality to easily create, sell, distribute and get liquidity for your token, with just a few clicks.
+- Attracting new projects and devs to Algorand by exposing decent infrastructure.
+- Increasing quality of projects and tokens, allowing teams to focus on token utility and tokenomics, not how to launch and where to find liquidity.
+- Transparency for buyers. Price, allocation, distribution, etc. are public and ensured by smart-contracts. Allowing users to clearly see what is legit and what is not.
+- The Next Level Memecoin Launch could attract degens from other chains (sad reality concept which is important to consider).
+
+## Additional information
+
+You know Cometa. We just buildin cool stuff. Reach out for collaborations!