👨🏭How it works?
Tokens are established through virtual liquidity mechanisms utilizing a bonding curve, with investors providing the liquidity pool (LP) via their transactions. The initial market capitalization fluctuates according to the Ethereum (ETH) price. Once a market cap of approximately $69,000 is attained (subject to minor variations due to ETH price changes), the token is automatically listed on Uniswap with a liquidity provision of $24,000 ($12K in ETH and $12K in tokens). In the same transaction, the LP tokens are burned, and the Smart Contract is renounced, making the token available to trading bots.
The technical process of listing a token on Uniswap through cooker.club involves several steps:
The buyer initiates the transaction to release the token from Cooker.club.
Execution of the transaction on Cooker.club.
Creation of the liquidity pool on Uniswap.
Burning of the liquidity pool tokens.
All contracts will be automatically open-sourced, renounced, and the owner address set to 0x000000000000000000000000000000000000dEaD address.
All these actions are executed within the transaction that triggers the listing on Uniswap by creating the LP on Uniswap V2.
Post-listing, the token can be tracked on platforms like Dexscreener and Dextools, and verified using scanners such as TTF and SafeAnalyzer. Trading can continue on Cooker.club even after the token is listed on Uniswap.
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