Coiled Documentation
  • Introduction
  • Core Features
  • Guides
  • $COIL
  • Resources
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Core Features

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Last updated 4 days ago

Token 2022 Integration

Coiled utilizes Solana's newest token standard, Token 2022, which enables advanced token extensions and capabilities:

  • Enhanced Programmability: Token 2022 allows for more complex token behaviors and rules

  • Future-Proof: Built on the latest Solana token standard for long-term compatibility

  • Extension Support: Enables features like transfer fees, non-transferability periods, and more

  • Improved Security: Takes advantage of the latest security features in the Solana ecosystem

Compressed Tokens

Coiled leverages state-of-the-art token compression technology to dramatically reduce costs and improve efficiency:

  • Cost Reduction: Up to 100x cheaper to create and manage tokens compared to traditional SPL tokens

  • Scalability: Enables the creation of millions of tokens with minimal resource usage

  • Light Protocol Integration: Utilizes for zero-knowledge compression

  • Batch Operations: Efficient batch compression and decompression of tokens

Dynamic Bonding Curve

Coiled implements Meteora's Dynamic Bonding Curve (DBC) for token launches:

  • Fair Distribution: Tokens are priced according to a predefined curve, ensuring fair distribution

  • Liquidity Guarantee: Automatic migration to Meteora DAMM pools when threshold is reached

  • Configurable Parameters: Multiple configuration options (25, 50, 75, or 100 SOL migration thresholds)

  • Transparent Pricing: Clear price discovery mechanism based on supply and demand

Revenue Sharing Model

Coiled implements a community-focused revenue model:

  • 0.25% Fee: A small 0.25% fee is taken from all transactions on the platform

  • Redistribution: All collected fees are distributed to $COIL token holders

  • Community Ownership: Aligns platform success with token holder interests

  • Sustainable Growth: Creates a self-sustaining ecosystem that rewards participation

Technical Architecture

Light Protocol Integration

Coiled uses Light Protocol's zero-knowledge compression technology to create compressed tokens:

  • ZK Compression: Utilizes zero-knowledge proofs to compress token data

  • State Compression: Reduces on-chain storage requirements while maintaining security

  • Efficient Verification: Fast verification of compressed token operations

  • Cross-Program Invocation: Seamless interaction with other Solana programs

Meteora DBC Integration

The platform leverages Meteora's Dynamic Bonding Curve for token launches:

  • Configuration Keys: Uses predefined configuration keys based on migration threshold

    • 25 SOL: EM3AVCv17uvPqqVP82C9BjiwM4JbazQkugmhkovGYwsS

    • 50 SOL: AeFNZ7CKr4vLomRqyccAuZGuK3nYqwRrRjArtk8VQ6nZ

    • 75 SOL: 9X7vT5wn1pQxD8ayWg9iouUHrZt2p66oESKaD8q2m8jG

    • 100 SOL: FHJQSGhsp61yxNH1RhrusREGwx2XRoEmxgkCzyrUq8xW

  • Automatic Migration: Tokens automatically migrate to Meteora DAMMv2 pools when threshold is reached

  • Liquidity Provision: Ensures tokens have liquidity from launch through migration

  • Price Discovery: Transparent price discovery mechanism based on the bonding curve

Token Metadata Storage

Coiled uses a combination of IPFS and Upstash for token metadata storage:

  • IPFS: Decentralized storage for token images and metadata

  • Metadata Format: Standardized format including name, symbol, description, and social links

  • User Management: Secure storage of user preferences and settings

Light Protocol