Source: Beef

Beef.fun is a Token Launchpad designed specifically for the EVM ecosystem, aiming to allow Devs and users to collectively earn sustainable rewards throughout the meme evolution process. Setting itself apart from traditional launchpads, Beef has three core features:

1. On-Chain Transaction Invitation Reward System

Beef has innovatively built an invitation reward mechanism based on smart contracts, where anyone can invite others to participate in transactions and continuously receive LP Fees rewards. All reward rules, calculation methods, and invitation relationships are written into on-chain smart contracts, automatically executed, and users can self-claim rewards on-chain at any time. This mechanism not only enables users to earn additional rewards but also fosters the consensus expansion of memes in a viral manner.

2. Value-Driven Token Burn Deflation Mechanism

All meme coins issued on the Beef platform adopt an automated burn mechanism, where 51% of the tokens from LP Fees are instantly sent to a burn address through the contract, ensuring a continuous deflation of the token supply. This mechanism leads to a reduction in the meme coin's supply, thereby driving an increase in token value and allowing holders to benefit passively.

3. Long-Term Dev Incentive Mechanism

To ensure the sustainable development of the platform and launch projects, Beef allocates 40% of the $BNB revenue from Token LP Fees permanently to the Dev team. This incentive mechanism encourages Devs to be deeply involved in long-term community building and project development, ensuring the steady growth of the ecosystem.

Beef advocates for the purity and innovation of technology. Currently, only the V1 basic version (BSC) has been launched, allowing users to experience the core functions of the platform through smart contracts as the frontend development of the official website is not yet completed.

The official announcement states that the full version of the website is expected to launch in two weeks. At that time, users can conveniently use the product features through the official website.

In the future, Beef will also begin to support a multi-chain ecosystem, truly becoming a Token Launchpad designed for the EVM ecosystem. All tokens issued through the Beef platform will adhere to the above mechanisms, enriching memes with more playability, pioneering a new meme paradigm, creating a new wave of trends, and unleashing unlimited possibilities!

Innovative Token Standard and Three Core Components

BBEP-20 Standard

BBEP-20 is a new, open-source, and non-upgradable Token standard defined by Beef. Compared to the traditional BEP-20 tokens, BBEP-20 uniquely integrates an external call functionality in the contract, designed specifically for a decentralized referral reward system. All tokens issued on the Beef platform have a unique identity and their contract addresses end with "beef" to ensure recognizability and ecosystem consistency.

Three Core Components

BeefLauncher – Platform Core Contract (open-source)

● Features four key functions: referral relationship binding, token deployment, reward distribution, LP Fee collection.

BeefLocker – LP Token Permanent Lock mechanism (open-source and non-upgradable)

● Ensures permanent locking of all LP tokens in projects launched on Beef while allowing the collection of LP Fees to ensure fund security and ecosystem stability.

ClaimRewards – On-chain Self-serve Reward Claim Contract (open-source)

● Users can autonomously manage and claim on-chain rewards such as referral rewards, holder dividends, ensuring asset transparency and control.

The innovative design of BBEP-20 and its core components will bring a new tokenomics model to the Beef platform, empowering the continued prosperity of the decentralized meme ecosystem!

Referral Relationships and Reward Calculation Rules

Invitation Eligibility and Transaction Points Calculation

● User addresses must hold 100,000 $BEEF or more to qualify for an invitation.

● When $BEEF holdings are below 100,000 tokens, the address will automatically lose the invitation qualification, but established referral relationships will remain valid.

● Natural users without a bound referral relationship do not receive transaction points when trading.

Referral Reward Rules:

● Direct Invitation Reward: The inviter can receive 50% of the invitee's transaction points.

● Indirect Invitation Reward (Second-level Referral): The inviter can receive 25% of the transaction points from users indirectly invited by them.

Transaction Point Example

Assuming the invitation chain is as follows:

If Adam is a natural user without a linked invitation address, and Adam invites Ben → Ben invites Clark → Clark invites David

Transaction Point Allocation:

● Adam (No invitation address)

○ His own transactions do not accrue transaction points

○ Receives 50% of Ben's transaction points

○ Receives 25% of Clark's transaction points

○ Does not receive any transaction point rewards from David

● Ben

○ Receives 100% of his own transaction points

○ Receives 50% of Clark's transaction points

○ Receives 25% of David's transaction points

● Clark

○ Receives 100% of his own transaction points

○ Receives 50% of David's transaction points

● David

○ Receives 100% of his own transaction points

LP Fees Allocation and Reward Pool Mechanism

All tokens issued through the Beef platform will be added to PancakeSwap V3 (1% fee tier) to form LP and will be locked. LP Fees are divided into a Token portion and a $BNB portion.

Within the LP Fees, the Token portion will adopt a mechanism that combines deflation with incentives, where 51% will be directly burned, and the remaining 49% will enter the LP Fees reward pool to incentivize eligible users. Of the BNB portion, 40% will permanently belong to the Dev, 40% will continue to be used for platform technical development, and the remaining 20% will be used for the platform's ecosystem fund.

Reward Pool Mechanism

Every Token issued on the platform will have its own independent reward pool, where transaction points calculation, reward distribution, and earnings extraction are done independently. Whenever a new transaction fee is generated, the quantity of Tokens in the reward pool increases accordingly. Conversely, when users claim rewards themselves, the quantity of Tokens in the reward pool decreases accordingly.

Reward Pool Allocation Rules

Assuming a Dev has issued the $ZZZ token on the platform and users have traded this token, the total amount of $ZZZ in the LP Fees reward pool is N.

● User Adam has established an invite relationship and has a transaction point value of X (Note: All buy or sell actions are calculated based on a 1:1 Token quantity for transaction points).

● The total transaction points of all other users on the platform is Y.

The $ZZZ reward that Adam can claim is: X/Y×N

This means that Adam's share of the total platform transaction points determines the reward amount he can claim.

This article is a submission and does not represent the views of BlockBeats.

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