LayerZero Integration Plan for SPACE Token Launch
1. LayerZero (OFT) Strategy Overview
Objective: Enable seamless multichain interoperability for the SPACE token using LayerZero’s Omnichain Fungible Token (OFT) standard to unify liquidity and simplify cross-chain transfers.
Key Benefits of Native OFT:
- Burn/Mint Mechanism:
- Tokens burned on the source chain and minted on the destination chain.
- Preserves total supply integrity (fixed at 900M SPACE).
- Unified Liquidity:
- No fragmented pools; supply dynamically shifts across chains based on user demand.
- Cross-Chain Support:
- Launch on one chain (e.g., Ethereum, Arbitrum, BSC) initially, then scale to 130+ chains.
- Gas Efficiency:
- Users pay only gas fees for transfers (zero slippage).
2. Technical Integration Steps
Pre-TGE Setup
- Blockchain Selection
- Choose initial chain for TGE (compatible with OFT, e.g., EVM chains like Ethereum, Arbitrum).
- Native OFT Deployment
- Deploy SPACE as an OFT on the initial chain (ERC-20 standard with LayerZero extensions).
- Audit OFT contracts for security.
Post-TGE Expansion
- Deploy OFT on New Chains (e.g., Base, Optimism, Polygon):
- Mint SPACE tokens on new chains via LayerZero’s OFT.
- Total supply remains fixed at 900M; existing tokens burned on source chain when moved.
- Liquidity Bootstrapping:
- Use TGE liquidity allocation (18M SPACE) on the initial chain.
- Users bridge SPACE to other chains organically, eliminating manual LP farming.
3. Operational Considerations
Cross-Chain Governance