PumpDomains by JustBuilders - Empowering Memetoken Creators with Custom Domains

[DeltaMint364]

Project Name: PumpDomains - Empowering Memetoken Creators with Custom Domains

Project Track: DeFi

Team Name: JustBuilders

Team Member(s): @DeltaMint364 + 1

DevPost Project Link: Devpost

Project Goal: PumpDomains aims to provide meme token projects with a simple and intuitive platform for creating custom domains, tightly integrated with their token economics. This Minimum Viable Product (MVP) will allow users to develop domains tied to their memetokens while incorporating a deflationary token burn mechanism. The system incentivizes token holding, market participation, and long-term engagement within memetoken communities.

Project Value: By offering a unique platform that integrates domain creation with memetoken supply and demand, PumpDomains fills a significant gap in the market. The automatic token burn mechanism upon domain creation directly benefits the memetoken ecosystem by reducing token supply, driving up value, and encouraging community participation. Memetoken creators will gain an easy-to-use tool to expand their brand, while communities will benefit from increased token utility and deflationary economics.

Project Info: The core focus of PumpDomains is to offer a streamlined solution that allows memetoken creators and communities to create and claim personalized domains. The platform will automatically buy the memetoken associated with the TLD & burn it with each domain created, reducing supply and potentially increasing token value. This deflationary mechanic adds a unique layer of value to memetokens and creates a self-sustaining cycle of growth and demand.

Key features include:

• Domain Creation System: Users can create custom domains for their memetokens with a simple user interface.
• Token Burn Mechanism: For each domain created, a portion of the memetoken supply is automatically burned, reducing the circulating supply and increasing potential token value.
• Domain Claiming and Ownership: Users can claim and manage their personalized domains, boosting both the utility and visibility of their tokens.

Project Details: PumpDomains is revolutionizing the way meme token projects manage their digital identity by allowing users to create custom domains linked directly to their tokens. Through an automated token burn mechanism triggered with each domain creation, the platform reduces token supply, potentially increasing value. The intuitive user interface simplifies domain management, while the deflationary economic model incentivizes long-term community engagement and token holding

Project Screenshots:

1. Landing/Home Page:
   

   

2. Individual Token Details Page:
   

   

3. TLD Deployment Page:
   

   

4. Register Domain Page:
   

   

5. Set as a Primary Domain Page:
   
   

6. All TLDs Visual Page:
   

   

7. User’s Profile Page:
   

   

Project Website: https://tldapp.vercel.app/

Project Demo:

PumpDomains - Empowering Memetoken Creators with Custom Domains

Project Test Instructions:

1. Connect your wallet
2. Go to individual token’s details page
3. Click on Deploy TLD if the TLD has not been deployed by someone else or click on Register domain that name’s TLD has been already deployed by someone else
4. Then create your own TLD form will appear so then click on the deploy TLD or register domain will appear based on the third step and then if register domain form is there then user can also click on set as primary domain to set that domain as a primary
5. Then go to profile to view your deployed TLD with registered domains name on top of that TLDs

PumpDomains_PitchDeck.pdf (4.3 MB)

Smart Contract links:

Migrations - TRONSCAN | TRON BlockChain Explorer | 波场区块链浏览器
PublicResolver - TRONSCAN | TRON BlockChain Explorer | 波场区块链浏览器
FeeReceiver - TRONSCAN | TRON BlockChain Explorer | 波场区块链浏览器
DomainRecords - TRONSCAN | TRON BlockChain Explorer | 波场区块链浏览器
TLDFactory - TRONSCAN | TRON BlockChain Explorer | 波场区块链浏览器

Project Milestones:

→ Milestone 1: TronBox Setup and Contract Deployment (10/09/2024 to 16/09/2024)

• Objective: Set up the TronBox environment and deploy core smart contracts.
  • Set up the TronBox environment, including installation and configuration.
  • Establish deployment scripts for efficient contract deployment on the TVM.
  • Develop and test core smart contracts responsible for domain creation, token burn, and ownership transfer.
  • Create validation scripts to ensure all deployed contracts work as expected, including ownership and token burn mechanics.
  • Integrate a Token Information API for live token data, ensuring dynamic interaction between the smart contracts and real-time token metrics.

→ Milestone 2: Frontend Boilerplate and Integration (17/09/2024 to 21/09/2024)

• Objective: Develop the frontend interface
  • Develop the frontend boilerplate to establish the basic structure of the user interface.
  • Display all available memetokens that users can claim as custom domains, ensuring the data is fetched from the API and displayed in an intuitive format.
  • Build token detail pages to showcase key information (price, market cap, trading volume, etc.).
  • Implement the backend logic for domain creation, token burn, and fee handling.
  • Create an intuitive user flow for domain purchasing, ensuring smooth integration between frontend and smart contract interactions.

→ Milestone 3: Backend & Domain Management Features (22/09/2024 to 28/09/2024)

• Objective: Implement and refine backend logic for domain management and token mechanics.
  • Implement backend logic for managing domain ownership, renewals, and transfers.
  • Implement domain management features, allowing users to claim, renew, and manage their domains.
  • Ensure the token burn mechanism works seamlessly during the domain creation process.
  • Build backend logic for processing domain fees, including tracking and processing payments.
  • Implement multi-scenario testing for fee deduction and token burning under different circumstances.

→ Milestone 4: Testing & QA (30/09/2024 to 03/10/2024)

• Objective: Conduct comprehensive testing of all platform components to ensure performance and scalability.
  • Conduct rigorous testing of all platform features, including smart contracts, frontend, and backend.
  • Test token burn, domain claiming, and API integrations under different network conditions.
  • Debug and optimize performance to ensure scalability for larger token ecosystems.

→ Milestone 5: User Feedback, Refinement & Launch (04/10/2024 to 05/10/2024)

• Objective: Conduct comprehensive testing and refine the platform based on user feedback.
  • Enable public access for memetoken creators to claim domains and participate in the token burn mechanism.
  • Track token burn metrics and domain claims to measure platform success and usage.
  • Monitor platform performance and user feedback, implementing post-launch improvements as necessary.
  • Use the feedback to prioritize any necessary improvements or bug fixes before full-scale platform promotion

[Chizz]

Welcome to the hackathon session.
I have read your post and your idea of integrating domain creation with memetoken economics is nice and can help in creating demands for the Tron memecoins.
I read that each domain creation will lead to the burn of the memetoken and I have this question:
What percentage of the memetoken get burn through the creation of domains?

[manfred_jr]

Welcome to Hackathon Season 7, I see this aims to provide a platform for meme token creators to generate custom domains integrated with their token economics.
The downside of this is; the success of this is heavily reliant on the popularity of meme tokens, which can be volatile and subject to trends and you did not outline how you will generate revenue from domain creation or whether users will incur costs.

[ines_valerie]

Welcome to the Hackathon of season 7, hmmm I am really not liking meme coin because to me meme coin are high risk, please tell me are you user going to pay any fee for the creating of the domain, thank you

[Nweke-nature1.com]

Welcome to Grand hackathon S7, the creating of this domain is it absolutely for free or is there any fees applied?

[Okorie]

Welcome to season 7 of hackathon
Your technique in blending domain creation with memetoken is truly groundbreaking.

My ques is What steps have you put in place to ensure that the burn rate remains sufficient to maintain token value and prevent excessive price appreciation.

[DeltaMint364]

Hello, TRON Community!

We are thrilled to share some exciting news with you all. we have successfully submitted our project for the hackathon on Devpost! You can now check it out along with our demo video through the links provided below:

Pump Domains Platform

Devpost Submission for Pump Domains

Demo Video of Pump Domains Platform

We want to express our sincere gratitude to each and every one of you for your unwavering support and constructive feedback throughout this journey. Your insights have been instrumental in refining our project and guiding us in the right direction.

As we continue to enhance our platform, we remain committed to addressing your needs and adapting based on your valuable input. Our mission is to ensure a seamless user experience while contributing positively to the TRON ecosystem.

We welcome any questions or further feedback you may have regarding our platform. Your thoughts are always appreciated, and we are eager to make PumpDomains even better together.

Thank you for your ongoing support and belief in our vision. We can’t wait to share this journey with you and look forward to your continued involvement!

[DeltaMint364]

Thank you for your interest in our project and for the thoughtful question! When a TLD is deployed, the platform collects a fee. From that fee, 80% of the memetoken is used for a buyback and burn, while the remaining 20% goes to the Fee Receiver as a platform fee. Similarly, when a domain is registered under a TLD, the same percentage applies—80% of the fee goes towards buyback and burn, and 20% goes to the platform.

[DeltaMint364]

Thank you for your insightful question! You’re absolutely right that meme token popularity can be volatile, but we see this as an opportunity to build a sustainable ecosystem around domain creation. Our revenue model is built on the fees collected during the deployment of TLDs (top-level domains) and domain registrations. Users will indeed incur costs: when a TLD is created or a domain is registered, a fee is charged.

80% of the fee is allocated towards a buyback and burn mechanism for the memetoken, which helps create token demand and reduce supply over time. The remaining 20% is retained by the platform as revenue. This approach ensures a steady income stream from domain creation while also contributing to the token economy.

[DeltaMint364]

Thank you for your question and for sharing your concerns! We understand that meme coins can be seen as high-risk investments, but our platform is designed to create utility around them, reducing some of that risk.

Yes, users will pay a fee when creating a domain. This fee is split, with 80% going towards a buyback and burn of the memetoken to help support its value, and 20% going to the platform as revenue. This model helps create demand for the token while providing a steady income for the platform.

[DeltaMint364]

Thank you for your question! Domain creation on our platform is not free; there are fees involved. When a user creates a domain, a fee is charged. 80% of that fee is allocated towards a buyback and burn mechanism for the associated memetoken, helping to create token demand, while the remaining 20% goes to the platform as revenue.

[DeltaMint364]

Thank you for your kind words and great question! To ensure that the burn rate remains sufficient while preventing excessive price appreciation, we have designed a balanced fee structure. Every time a TLD is deployed or a domain is registered, 80% of the fee goes towards a buyback and burn of the memetoken. This helps reduce token supply and support its value over time.

Additionally, we carefully monitor the burn rate and can adjust the fees or burn percentages based on market conditions. This approach ensures that token value is maintained without leading to extreme price volatility or excessive appreciation, which could harm the ecosystem’s stability

[ines_valerie]

Thank you for your reply to me I really read to understand everything you have said, please tell me are you planning to reinvest part of the project 20% revenue, thank you

[manfred_jr]

Thanks for the clarity! But over time, as token supply reduces through the buyback and burn mechanism, how will you maintain platform viability? Are there any considerations for ensuring token price stability, or is the platform primarily reliant on market dynamics to drive demand?

[Deepak]

Hey Team,
Your idea sounds really cool! I’m curious—how exactly will the deflationary token burn mechanism work in the platform?

[Nweke-nature1.com]

Thank you for your response but one more thing can have a leak of estimated fees for the creation

[DeltaMint364]

Thank you for your follow-up! The fees for domain creation on our platform are based on the length of the domain name. Here’s the breakdown:

• 10 TRX for domains with 3 characters
• 5 TRX for domains with 4 characters
• 3 TRX for domains with 5 or more characters

[Okorie]

@DeltaMint364
Thank you for the warm explanation

[Nweke-nature1.com]

But is the price fixed, what if the price of Trx go down or goes even more up how do you plan to the prices in such cases

[Chizz]

So how much fee is charged in both the deployment and registering of a TLD?