Tokenlaunch helps you find the best new tokens in Crypto. Our platform helps small-cap tokens gain visibility both inside and outside of the crypto co

Tokenlaunch Story - by Joe Blau - Tokenlaunch

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2021-08-03 15:00:07

Tokenlaunch helps you find the best new tokens in Crypto. Our platform helps small-cap tokens gain visibility both inside and outside of the crypto community. We are tapping into a $15 billion market with a novel approach for bringing token discovery to the masses.

We started by observing a very interesting trend on Binance Smart Chain. We noticed that when token creators made new tokens, they would send a portion of their supply to a dead coin wallet address in order to reduce supply and advertise their token. The first thing we noticed was that there was nearly $7 billion of tokens in the wallet since January of 2021 (4 months). We checked the dead coin wallet address on Ethereum and found that it had nearly 17 billion dollars of tokens since its inception in 2017. With this information, we decided to create a website that made it easy to discover these new tokens.

We started on Wednesday May 5th and spent 6 days building our MVP. The first site was designed to list tokens sent to the dead coin address by day. We created a formula that ranked the tokens by supply sent each day. After a great design session to clean up the site, tokenlaun.ch went live on HackerNews, and some private Discord channels.

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