Welcome to web3, anon, YOU ARE SO EARLY!1!1
As you race to make the $TOKEN for your community of value liquid on Osmosis Frontier, JunoSwap, or anywhere cw20 are sold, you may wonder how to get the denom value for your world-changing IBC asset.
How does $RAC become ibc/6BDB4C8CCD45033F9604E4B93ED395008A753E01EECD6992E7D1EA23D9D3B788 in osmosis-frontier.assetlist.json?
Wonder no more, shitcoin is here help!
pip3 install shitcoin
To create your cw20 without becoming a CosmWasm expert, get yourself some $JUNO and head over to DAO DAO where you can go from 0 to DeFi hero without code, and for < 0.5 $USD.
Once you create your DAO, take note of its cw20 token address.
For example, this DAO has its at:
juno14cr367h7vrgkx4u6q6prk2s29rlrp8hn478q2r9zrpyhkx7mx5dsuw7syw
dude@starlanes % python3
Python 3.9.12 (main, Mar 26 2022, 15:44:31)
[Clang 13.1.6 (clang-1316.0.21.2)] on darwin
Type "help", "copyright", "credits" or "license" for more information.
>>> from shitcoin import cw20_ibc_denom
>>> cw20_ibc_denom("transfer", "channel-169", "cw20:juno14cr367h7vrgkx4u6q6prk2s29rlrp8hn478q2r9zrpyhkx7mx5dsuw7syw")
'ibc/8C8BFD62EA45671ADEBA13835AF3DEAAA0661EA7D1283BB1C54D679898DB29FB'
Follow the steps from your permissionless DEX / AMM of choice to list the asset and use the denomination value obtained ibc/... with quiet confidence. At this poin you can drop your new $TOKEN to your frens and aligned fellow travelers as you celebrate the launch by finding something fun to watch on C-SPAN, describe what you are up to and encourage them to ape in.
If stuck, help yourself to some copy-pasta w/ existing cw20 and submit all the necessary PRs after thoughtfully adjusting theirs.
Swap tokens with aligned DAOs / chains, create LPs to allow for the unencumbered flow of value between you and incentivize participation by dispensing rewards at each epoch.
For extra street cred, write about your deflationary tokenomics publicly and stick to it.
After some time, convert a small portion of the value of your network into stables with exits to fiat for hot cocoa and naps, thereby monetizing your community without resorting to predatory surveillance capitalism.
The team behind shitcoin is default-alive.
However, it would please us if you start your own DAO as long as you...
- do not pull rugs
- learn the fundamentals
- discover a missing market with shitty Nash equilibria and use your sovereign programmable money to nudge the participants to play a better game 🕹
- above all, have fun and always remember that not everything needs to be commodified!
If you insist on sharing the spoils, direct your donations to Topos Institute who work tirelessly to help us all solve actually hard problems.
Also, check out Anoma if you are disgusted by Ponzinomics but are still interested in governance innovation.