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Following
CTC Creditcoin's PenguinSwap launch platform will sell MINI tokens through CCA model for the first time.
Creditcoin is a multi-chain Layer 1 blockchain focusing on real-world asset (RWA) tokenization. Its decentralized exchange PenguinSwap announced that it will hold its first launch platform event. The sale will launch MINI, a token for the Minicoin project, which is based on Minini, an official licensing role from IPX, creator of LINE FRIENDS. This marks an important step for Creditcoin in expanding its ecosystem from credit infrastructure to IP-backed digital assets.
How the MINI launch platform works
According to Creditcoin, participating in this launch platform requires users to first meet specific conditions in the mini game ROOM. Once the conditions are met, participants must coin a non-transferable Soul Binding Token (SBT) as proof of eligibility. Token sales will use a Continuous Clearing Auction (CCA) model, which determines the final price based on the total demand of participants rather than a first-come, first-served basis. This approach aims to create a fairer and more transparent pricing process and reduce the rush and Gas fee competition common on traditional launch platforms.
The minimum participation amount is set to 10CTC, which is Creditcoin's native token. In addition, eligible wallets will receive additional MINI token airdrops at a 1:1 ratio based on their participation amount after meeting specified conditions. This incentive structure is designed to reward early and loyal participants.
Building an IP real-world asset ecosystem
Creditcoin said Minicoin plans to use the launch platform as a basic step in building an IP real-world asset ecosystem. The project aims to chain management of ownership, use and revenue information about intellectual property (such as roles and content). This could allow creators and IP holders to tokenize their assets, allowing for partial ownership, transparent royalty distribution, and new channels of liquidity. Minini, as a character with LINE FRIENDS brand recognition, adds color to mainstream appeal and demonstrates practical use cases of blockchain in the entertainment and licensing space.
Impact on the Creditcoin ecosystem
This launch platform is of great significance to Creditcoin because it enriches network functions. Previously focusing on credit and lending agreements, the integration of IP real-world asset projects marks an expansion into a wider range of asset classes. For DEX platform PenguinSwap, the event could attract new users and liquidity, thereby increasing its transaction volume and overall ecosystem activity. In addition, the adoption of the CCA model and SBT highlights the trend towards a fairer, more identity-focused token distribution mechanism in the decentralized finance (DeFi) space.
Conclusion
Creditcoin's first MINI token launch platform on PenguinSwap is a strategic move into the IP real-world asset space, leveraging the popularity of Minini's character. CCA-based sales and SBT eligibility requirements reflect the maturity of the DeFi field, prioritizing fairness and community participation. As the project progresses, how on-chain IP management will develop and whether it can achieve the promise of transparent and efficient intellectual property management is worthy of attention.
Frequently Asked Questions
Question 1: What is a Continuous Clearing Auction (CCA) model?
The CCA model is a token sales mechanism where the final price is determined by the collective needs of all participants rather than a first-come, first-served basis. This helps determine fair market prices and reduces the advantage for faster or more technologically advanced buyers.
Question 2: How to participate in the MINI launch platform?
To participate, you need to meet certain conditions in the mini game ROOM, cast a non-transferable SBT to prove eligibility, and have at least 10 CTCs in your wallet. Specific steps and conditions are usually described in detail on the official PenguinSwap or Creditcoin platforms.
Question 3: What is an IP real-world asset ecosystem?
IP real-world asset ecosystems involve the monetization of intellectual property (such as characters, content, or patents) on the blockchain. This allows for transparent management of ownership, use rights and revenue distribution, bringing partial ownership and new forms of liquidity to IP assets.
