SocialMint

🌟 Transform meme on social platforms into tradeable tokens. SocialMint is a decentralized platform that enables anyone to create, trade, and earn from social-backed meme coins.

User Stories for SocialMint

User Story 1: Creating a Meme Coin for Another User (Elon Musk)

As a Twitter user (User A), I want to create a meme coin based on Elon Musk's tweet, designating him as the fee recipient, so that the community can trade it and both Elon and I can earn fees from its trading activity, understanding that a 50% fee will be deducted when we claim our shares.

Steps

1. Discovery:

   • User A notices that Elon Musk has posted an interesting meme on Twitter.

2. Initiation:

   • User A replies to or quotes Elon's tweet, mentioning our Twitter bot (@OurTwitterBot), and includes the following details:
     • Name: [Inputted Coin Name]
     • Symbol: [Inputted Coin Symbol]
     • Fee Recipient Twitter ID: @elonmusk
     • Description: [Inputted Description]
     • Meme Content: Includes the meme picture or video (can use the same as in Elon's tweet).

3. Processing:

   • Our server receives the tweet and initiates a transaction to the Wow.xyz/Moonshot contract to mint the meme coin.

   • During the minting transaction, the fee distribution parameters are set as follows:

     TOTAL_FEE_BPS = 100       // 1% total fee on transactions
     TOKEN_CREATOR_FEE_BPS = 5000  // 50% of TOTAL_FEE_BPS (shared by Elon and us when Elon claims)
     PROTOCOL_FEE_BPS = 2000       // 20% of TOTAL_FEE_BPS (earned by Wow.xyz)
     PLATFORM_REFERRER_FEE_BPS = 1500  // 15% of TOTAL_FEE_BPS (shared by User A and us when User A claims fees)
     ORDER_REFERRER_FEE_BPS = 1500     // 15% of TOTAL_FEE_BPS (earned by the ORDER_REFERRER set by traders)
     

   • The minting uses a multisignature wallet with two signers:

     • One controlled by us.
     • One controlled by a smart contract operable by any wallet with the correct Twitter ID attestation.

4. Confirmation:

   • The meme coin is successfully launched.
   • Our Twitter bot replies to User A's tweet with a confirmation message and a tapp link (TLink) to our landing page.

5. Accessibility:

   • User A, Elon, and the public can view the meme coin details on Twitter.
   • The coin becomes available for trading on platforms like Wow.xyz, Moonshot, and Uniswap.

6. Engagement via TLink:

   • When users click the TLink, they are directed to our landing page:
     • For Elon:
       • He can verify ownership of his Twitter ID.
       • Upon verification, he can claim his share of the fees and the Twitter ID-related meme coins, transferring them to his own wallet.
     • For User A:
       • User A can verify ownership of his Twitter ID.
       • Upon verification, he can claim his share of the fees (from the PLATFORM_REFERRER_FEE_BPS) and any associated meme coins.
     • For Others:
       • They can proceed to trade the meme coin on third-party platforms.

7. Fee Claiming Process:

   • For Elon:
     • When he claims his fees, a 50% fee is deducted from his share.
     • He is required to pay an extra amount in $SLN tokens to process the claim.
   • For User A:
     • When User A claims his share of the fees, a 50% fee is also deducted.
     • He must pay an extra amount in $SLN tokens to process the claim.

8. Fee Distribution Breakdown:

   • Total Trading Volume Fee: 1% of all transactions involving the meme coin.

   • Elon's Share:

     • Before deduction: 1% * 50% = 0.5% of total trading volume.
     • After 50% deduction: 0.5% * 50% = 0.25% of total trading volume.

   • User A's Share:

     • Before deduction: 1% * 15% = 0.15% of total trading volume.
     • After 50% deduction: 0.15% * 50% = 0.075% of total trading volume.

   • Our (Platform's) Earnings:

     • From Elon's claim: 0.5% * 50% = 0.25% (deducted portion of Elon's share).
     • From User A's claim: 0.15% * 50% = 0.075% (deducted portion of User A's share).
     • Total Platform Earnings: 0.25% + 0.075% = 0.325% of total trading volume.

   • Wow.xyz/Moonshot's Share:

     • PROTOCOL_FEE_BPS: 1% * 20% = 0.2% of total trading volume.

   • ORDER_REFERRER_FEE_BPS:

     • 1% * 15% = 0.15% of total trading volume.
     • Earned by the ORDER_REFERRER set by traders during each transaction.

   • Total Allocated Fees:

     • Elon's net earnings: 0.25%
     • User A's net earnings: 0.075%
     • Our earnings: 0.325%
     • Wow.xyz/Moonshot's earnings: 0.2%
     • ORDER_REFERRER_FEE_BPS: 0.15%
     • Total: 1% (matches the TOTAL_FEE_BPS)

9. Finalization:

   • Once Elon and User A have claimed their fees and tokens, the meme coin is officially linked to Elon and User A, potentially increasing its value and legitimacy.
   • Leaderboards and statistics on our platform showcase earnings, trading volumes, and enhance visibility.

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User Story 2: Creating a Meme Coin for Personal Benefit

As a Twitter user (User A), I want to create a meme coin and set myself as the fee recipient, so that I can earn fees directly from its trading activity, understanding that a 50% fee will be deducted when I claim my share.

Steps

1. Initiation:

   • User A decides to create a meme coin.
   • He composes a tweet mentioning our Twitter bot (@OurTwitterBot) with the following details:
     • Name: [Inputted Coin Name]
     • Symbol: [Inputted Coin Symbol]
     • Fee Recipient Twitter ID: @UserA (his own Twitter handle)
     • Description: [Inputted Description]
     • Meme Content: Includes the meme picture or video.

2. Processing:

   • Our server processes the request and mints the meme coin via the Wow.xyz/Moonshot contract.

   • The fee distribution parameters are set as:

     TOTAL_FEE_BPS = 100       // 1% total fee on transactions
     TOKEN_CREATOR_FEE_BPS = 5000  // 50% of TOTAL_FEE_BPS (shared by User A and us when User A claims)
     PROTOCOL_FEE_BPS = 2000       // 20% of TOTAL_FEE_BPS (earned by Wow.xyz)
     PLATFORM_REFERRER_FEE_BPS = 1500  // 15% of TOTAL_FEE_BPS (shared by User A and us when User A claims fees)
     ORDER_REFERRER_FEE_BPS = 1500     // 15% of TOTAL_FEE_BPS (earned by the ORDER_REFERRER set by traders)
     

   • The minting uses a multisignature wallet with two signers:

     • One controlled by us.
     • One controlled by a smart contract operable by any wallet with the correct Twitter ID attestation.

3. Confirmation:

   • The meme coin is launched successfully.
   • Our Twitter bot replies with a confirmation message and a TLink to our landing page.

4. Accessibility:

   • The coin is visible on Twitter and available for trading on platforms like Wow.xyz, Moonshot, and Uniswap.

🚀 Features

• Create meme coins directly from social platforms like x.com
• Automatic fee distribution to content creators
• Cross-platform utilities via tapp technology
• Integrated with polular memecoin launchers

💎 Core Benefits

• Monetize social influence
• Earn from viral content
• Trade through established DEXs
• Powered by SmartLayer's tapp framework

🔗 Links

• Website: socialmint.xyz
• Twitter: @SocialMintApp
• Documentation: docs.socialmint.xyz

Built by SmartLayer Labs 🏗️

5. Claiming Fees:
   • User A clicks the TLink to visit our landing page.
   • He verifies ownership of his Twitter ID.
   • Upon verification, he can claim his

The 1% Uniswap LP fees have the following split:

• 50% creator
• 25% platform
• 25% wow