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Clanker Joins Farcaster: Token Burn and Liquidity Boost Signal New Era for Meme Tokens

Clanker Joins Farcaster: Token Burn and Liquidity Boost Signal New Era for Meme Tokens

In the fast-paced world of crypto, where meme tokens often make headlines for their wild volatility and community-driven hype, a refreshing development has emerged from the Clanker team. If you're into blockchain and meme coins, you've probably heard of Clanker—the leading launchpad on Base, the Ethereum layer-2 network known for its low fees and scalability. Clanker has been the go-to platform for launching projects like Bankless, Noise, and Brackey, helping creators build onchain communities with ease.

Recently, Farcaster, a decentralized social network that's gaining traction for its user-owned data and crypto-native features, announced that Clanker is officially joining their ecosystem. This move isn't just a partnership; it's a step toward deeper integration, making it simpler for anyone to create and engage in onchain groups. Farcaster shared the news with a simple "clank clank" post, accompanied by a detailed graphic outlining the updates.

Clanker joining Farcaster announcement graphic

What stands out here is how the Clanker team is handling their protocol fees and token supply—actions that could inspire more trust in the meme token space. Starting immediately, all Clanker protocol fees will be funneled into buying and holding $CLANKER, the platform's native token. This buy-and-hold strategy directly supports the token's value by increasing demand and reducing sell pressure.

But that's not all. From versions v0 through v3.1, Clanker collected a portion of fees in various ecosystem tokens, storing them in a fee vault. Instead of cashing out or dumping them on the market—a common tactic among less scrupulous projects—the team chose to burn these tokens entirely. Burning tokens means permanently removing them from circulation, which reduces the overall supply and can potentially drive up the price if demand stays steady. This move alone shows a commitment to long-term value over quick profits.

Adding to this, the Clanker team has locked away about 7% of the total $CLANKER supply into a one-sided liquidity pool (LP). In crypto terms, a liquidity pool is where tokens are deposited to facilitate trading on decentralized exchanges like Uniswap. A one-sided LP means they're adding liquidity without pairing it with another asset in a way that could be easily withdrawn, effectively reducing the circulating supply even further and providing stable trading conditions for users.

This approach caught the eye of the Onchain Summit San Francisco team, who highlighted it in a tweet: "look at how the Clanker team handled the various tokens they earned. they burned them." They contrasted this with the "BS (extraction)" that's plagued crypto for over seven years—think short-term middlemen and bad actors who prioritize personal gain over community growth. By attracting builders like Jack Dishman, who's likely involved in these ethical practices, the industry can move forward.

For meme token enthusiasts, this is big news. Meme coins thrive on community trust and scarcity mechanics like burns and locks. Clanker's decisions could set a standard, encouraging other launchpads and projects to follow suit. If you're building or investing in memes on Base, keep an eye on $CLANKER—it might just become a staple in the ecosystem.

Check out the original thread on X for more details: Onchain Summit's tweet. As the meme token landscape evolves, moves like this remind us that not all crypto is about hype; some teams are genuinely building for the future.

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