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Solana's Pump.Fun has been cloned on Bitcoin Cash, Showcasing what UTXO Can Do (bchpump.cash)

submitted 2 months ago* (last edited 2 months ago) by [email protected] to c/[email protected]

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cross-posted from: https://realbitcoin.cash/post/31779

Pump.Fun is a token launchpad which allows anyone to simply create their own token which then is issued by a smart contract to anyone who wishes to purchase. After 80% has purchased the remainder is added as liquidity on a DEX. The creator of the token also get a reward.

This concept has been ported over to Bitcoin Cash showcasing the advanced smart contract capabilities of Bitcoin.

Have a look @ https://bchpump.cash/pump

The tokens get deployed on Cauldron DEX https://app.cauldron.quest/

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[–] [email protected] 1 points 2 days ago (1 children)

I agree there is nothing like DEX features coming anytime soon on XMR. But it doesn't have RBF either, what makes you think that it is enough to consider mempool transactions as final? (especially the ones with large amount)

[–] [email protected] 1 points 2 days ago

The issue is XMR outputs are locked for 20 minutes after being received, BCH outputs are immediately spendable.

0-conf transactions on BCH are very safe because it would take a massive effort to mess with the mempool. That being said if I was sending 100 BCH I would wait for a conf. However in 99% of scenarios the TX is instant, this allows for great DEX experience.

What is 0-conf? Are BCH transactions instant? - https://bitcoincashpodcast.com/faqs/Tech/Other/what-is-0-conf