1. Problem

The traditional approach to listing memecoins involves creating AMM pools on platforms like Uniswap. This process, while functional, presents several challenges:

• Limited Options: AMM pools are the only listing option for new memecoins, restricting flexibility for creators.
• High Slippage: In the early stages, memecoins typically have low liquidity, leading to significant slippage in AMM pools.
• Complexity: Managing Uniswap pools and using tools like DEXscreener are geared towards professionals, creating a barrier for new and less experienced users.

2. Solution

Godbase offers a fresh perspective on memecoin trading with its order book DEX. Our platform provides:

• Flexibility for Creators: Memecoin creators can freely list new coins on Godbase, utilizing order books instead of AMM pools.
• Enhanced Trading Experience: Our platform offers a user experience similar to Coinbase, with order books and candlestick charts.
  • Cost-effective: Limit orders eliminate slippage. Gas fees are lower than those on AMMs. Additionally, there is no risk of impermanent loss on Godbase.
  • Simplicity: Gas fees are paid in USDC, eliminating the need for ETH due to our use of Account Abstraction.
• Native to Base Ecosystem: By leveraging Farcaster, Godbase provides a seamless and efficient trading experience, allowing users to trade directly on this innovative platform.
• Community-Centric Ecosystem: Godbase fosters a vibrant community where users can connect through shared interests and memes, driving engagement and growth.
• Increased Visibility: With fewer memecoins listed on Godbase compared to Uniswap, these coins will be more recognizable and visible to users.

3. Why Now?

• Onchain Summer: Base is actively embracing the memecoin trend. The memecoin frenzy seen on Solana earlier this year is expected to be replicated on Base.
• Growing Trend: The creation of new memecoins on Base is increasing rapidly. These coins need better visibility and exposure to users, and trading volumes are also on the rise.

4. Market Size

• Notable Memecoins:
  • $BRETT: Market cap $1.6Bn
  • $TOSHI: Market cap $183M
  • $BENJI: Market cap $89M
  • $CHOMP: Market cap $81M
• Overall Market: Numerous memecoins are created daily, with the trading volume of memecoins on Base around $20M.