📖Overview

What is LaunchSwap Protocol?

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.

Simple

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.

Smart

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.

Efficient

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.

Fair

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