MemoToken White Paper
7. MemoToken Launch Plan
Pre-Launch Phase
1. Smart Contract Development & Security
- Complete final audits of the Phase 1, Phase 2, and Phase 3 contracts
- Deploy test versions on testnet and conduct thorough testing
- Implement emergency pause mechanisms
- Establish the Treasury, Reserve, and Swap wallets
2. Platform Development
- Complete the MemoTrader platform development
- Implement the MemoCredit conversion system
- Set up the off-chain ledger system
- Integrate MemoToken with MemoTrader and test end-to-end
- Implement MemoTrader oracle for MSI calculation
3. Legal & Compliance
- Obtain legal opinions confirming MemoToken's utility token status
- Finalize terms of service and user agreements
- Set up KYC/AML procedures if required
- Document all compliance measures
Launch Phase 1: Price Discovery ($0.01 – $0.10)
1. Initial Pool Setup
- Deploy Phase 1 contract with bonding curve: price = (USDC_pool + 9,000) / 1,000,000
- Seed liquidity pool with 100,000 MMT and 1,000 USDC (starting price $0.01)
- Fund Reserve Wallet with MMT allocation
2. Monitor Pool Growth
- Track USDC accumulation in the liquidity pool
- Verify Reserve Wallet injections maintain bonding curve ceiling on buys
- Monitor circuit breaker — transactions exceeding 5% of USDC pool are rejected
- Publish MSI continuously once MemoTrader is live
3. Phase 1 Exit Requirements
- USDC pool balance sustained above 91,000 USDC (price ≥ $0.10 on bonding curve)
- Active user base sufficient to support Phase 2 Treasury sales
Launch Phase 2: Treasury Growth ($0.11 – $0.25)
1. Treasury Operations
- Deploy Phase 2 contract with bonding curve: price = (USDC_pool + 112,500) / 1,850,000
- Allocate 1,000,000 MMT to Treasury Wallet
- Treasury begins releasing MMT on each purchase to maintain bonding curve ceiling
- Monitor USDC revenue accumulation in Treasury Wallet (USDC)
2. Monitor Price Progression
- Track continuous price movement along bonding curve from $0.11 to $0.25
- Monitor Treasury MMT depletion
- Monitor circuit breaker — transactions exceeding 2% of USDC pool are rejected
- Monitor MSI and publish continuously
3. Phase 2 Exit Requirements
- Complete distribution of 1,000,000 MMT Treasury allocation
- Treasury USDC balance exceeds 200,000 USDC
Launch Phase 3: Free Market
1. Transition to Free Market
- Deploy Phase 3 contract — no bonding curve, price determined by supply and demand
- Circuit breaker tightens to 1% of USDC pool balance
- Continue publishing MSI as a transparency metric for market participants
2. Dual-Wallet Market Operations
- Monitor MSI continuously
- When MSI < 1 and price is stable or rising: evaluate Reserve Wallet MMT sales into pool — USDC proceeds held in Treasury
- When MSI > 1: evaluate Treasury USDC buybacks — purchase MMT from pool and permanently burn
- The two wallets never operate simultaneously
- Publish rationale for significant wallet operations
3. Phase 3 Entry Requirements
- Successful completion of Phase 2 requirements
- Active user base exceeding 10,000 accounts
Post-Launch Operations
1. Platform Growth
- Monitor MemoTrader adoption metrics
- Track MemoCredit conversion rates and MSI trends
- Analyze user engagement statistics
- Adjust platform pricing mechanisms based on usage data
2. Long-term Sustainability
- Maintain transparent on-chain reporting of wallet activity
- Regular third-party security audits
- Continuous platform improvements