📖Overview
Last updated
Last updated
LaunchSwap is a novel token protocol based on ERC1155 and inspired by BRC20. It is a combination of inscription and smart contract, also called smart inscription.
It's very easy to deploy a token like BRC20. To deploy a token, you only need a tick(symbol), supply and limit per mint. You don't need to write any code.
LaunchSwap is based on ERC1155 that is multi token standard. ERC1155 can represent any number of fungile and none-fungible token types. The ERC-1155 Multi Token Standard allows for each token ID to represent a new configurable token type, which may have its own metadata, supply and other attributes.
ERC20 require deployment of separate contracts per token type. But LaunchSwap can deploy any number of token in one contract, thus saving a lot of gas.
LaunchSwap adopts fair launch mode to distribute tokens.
The difference between ETHs, BRC20 and LaunchSwap.
| Protocol | Ethscription | BRC20 | LaunchSwap |
|---|---|---|---|
Chain
Ethereum
Bitcoin
Merlin
Standard
ESIPs
Ordinals
EIP1155
Need Indexer
Yes
Yes
No
Deployment Complexity
Easy
Easy
Easy
Smart
No
No. Requires off-chain Indexer
Yes
Safety
Low, Depends on indexer
Low, Depends on indexer
High, Backed by EVM
Storage Type
JSON text on tx data field
JSON text
Smart contract
Cons
There are always security issues with the indexer
There are always security issues with the indexer
Gas is a little higher than Merlin