Solana-based tokens have dominated the crypto scene over the last year. While launching a token may have become technically easier, getting past the real challenges is not something existing platforms address. Getting your project noticed, attracting liquidity, and building a sustainable community are some of the real-world challenges that projects face. Solving these issues is where the real journey starts, and most creators get stuck at this stage. This is where Forge comes in.
What Is Forge?
Forge is a Telegram-based platform to launch Solana-based tokens. Forge not only makes creating a token a cakewalk, but it also takes care of generating interest in your project, bringing in liquidity, and creating a sustainable community. The platform is one of a kind and addresses the real-world challenges a project could face after its debut.
Forge aims to empower Solana creators with unmatched tokenomic control, customizable fees, and a 50% revenue share on all fees. At its heart, the platform gives total control to creators on their project’s launch parameters and economics.
Solving Real-World Problems
The primary reason behind creating Forge was to help creators beyond just launching a token. Making a cryptocurrency coin has become easier than ever with modern tools. Thousands of coins enter the market almost every day. The trick to becoming a successful cryptocurrency is in being visible, getting volume, and developing a sustainable community. Forge helps creators deal with all three issues and more.
Some of the problems Forge helps creators with are:
The pay-to-play problem: The modern crypto landscape is extremely biased towards those teams that have large budgets for marketing and established industry connections. This implies that even the best and unique concepts from smaller groups of people usually fail to take off. These projects hit a bottleneck, and only a few well-funded projects will succeed.
Extractive launchpad models: Launchpads generate income through charging trading fees. Also, they typically share very little of that fee with creators or the broader ecosystem. This practice effectively siphons liquidity out of the market, hindering overall growth and innovation. Launchpads also typically do not allow creators to choose the fees they’ll charge.
Disadvantages for new teams: This extractive model has subjected new and emerging teams to a very harsh disadvantage. They are likely not to have the financial resources to market their projects, despite having revolutionary ideas. This may cause potential projects to die down early. Creators often lose their motivation, and the market becomes a monopoly of a few who do not contribute to variety and actual innovations.
How Does Forge Work?
The strategy of Forge is based on the ideas of simplicity, control, and a creator-first economic model. It seamlessly integrated into the Telegram system. The whole process feels easy and familiar.
Forge has a very effortless token-creation process.
No coding required: You don’t need to know anything about smart contracts or complex blockchain development. Forge handles the technical heavy lifting.
No deployment fees: Forge does not require any funds in a deployer wallet. This makes it more accessible for new teams.
Instant launch: All it takes to launch a coin is a few clicks or taps within the Telegram interface. Your Solana token can be live and ready for its bonding phase within seconds.
Complete Control of Your Tokenomics and Fees
Forge utilizes Meteora’s Dynamic Bonding Curve protocol. This gives creators complete control over their tokenomics.
Creators can define the starting valuation of their project. Not only that, creators can determine the market cap at which the token moves from the bonding curve to the DEX.
One of the most unique aspects is Forge’s price impact control. The platform refers to this parameter as liquidity weight. It allows creators to control how much each buy and sell affects the token’s price while it’s trading on the bonding curve. This allows creators to choose between aggressive market movements or a more stable price trajectory, depending on their project’s needs.
Forge is also one of the most generous launchpads when it comes to fees. The platform gives 50% of all pre-bonding fees, post-bonding fees, and migration fees to creators and the project.
Forge also allows creators to determine their own transaction fees. The platform lets developers set transaction fees up to 10% during the pre-bonding phase and up to 6% post-bonding.
The fee structure allows creators to use their early volume for marketing campaigns, community building, and operational expenses.
Forging the Future of Solana Creators
With its creator-centric approach, Forge aims to become the go-to platform for launching Solana-based tokens. The platform is fair to its users, providing the necessary incentives and autonomy for a project to thrive.
To learn more about Forge, visit their website, read their documentation, navigate to their platform, or visit their X and Medium pages.