Jumpstart: NO. MORE. RUGS.

Jumpstart is a Nyan.finance lending protocol that accelerates new token launches by supplying ETH liquidity, while simultaneously eliminating the possibility of being rugged.

Uniswap has an 85% rug problem, and Jumpstart is here to fix it.

Jumpstart works by requiring developers to outline their project, specify a dev supply that is less than 10% of the total supply, and relinquish control of the total supply to the Jumpstart contract.

By requiring these rules, it allows for the decentralized launch of new pools with a minimum of 100 ETH, that are 100% safe for standard uniswap traders.

Additionally, Jumpstart ensures free and decentralized marketing for the new tokens through the creation of a ‘shiller pool’, where crypto marketers recieve ETH whenever a token launch is successful and the Jumpstart contract recoups its ETH investment.

Can any developer apply?

Any developer can apply their new token for acceleration through the Jumpstart smart contract as long as they provide required information and documentation.

• The first rule applying developers will encounter is the requirement of relinquishing their control of the total supply of the token. This ensures that there isn’t a chance of some ICO buyers, or the devs themselves, dumping on new buyers.
• The second rule that developers will encounter is a requirement of less than 10% of the total supply going to the developers. This rule ensures that the developer can’t prey on traders after the Jumpstart contract returns their specified developer tokens.
• There will be a document template for all applying developers to fill out that expects them to explain every file and function within their token’s contract, in plain english. This will help voters to easily perform early audits on these new tokens to make sure that malicious code(minting functions, etc) does not exist. Purposefully dense or obscure contracts will be removed from the list of token applications.

Developer applications will be voted on by Nyan-2 LP stakers and Jumpstart direct ETH providers.

How does Jumpstart and its voters make money?

Various participants within the Jumpstart protocol will find various opportunities for generating revenue. Described below are several scenarios that will result in participants generating profits:

1. A voter that follows Jumpstart voting results can purchase newly invested tokens during the listings as early as possible. All with no threat of ICO buyers dumping.
2. Direct ETH providers and Nyan-2 LP stakers will receive ETH as the Jumpstart contract returns a profit from its investments.
3. Registered Jumpstart marketers can apply their preferred address and receive ETH directly as long as the token launch is successful.

How the Jumpstart contract creates a profit?

Profits from newly launched tokens are retrieved in a nuanced manner that protects the growth of the token’s pool while also guaranteeing the safety of the Jumpstart ETH investment. The faster the liquidity of the token’s pool grows, the faster the Jumpstart investment is recouped.

1. The Jumpstart contract launches a new Uniswap pool using 100ETH and the winning token.
2. Speculators begin buying the new token, knowing that there is no risk of a rug.
3. Every 75–100 ETH increase in the token’s pool, the Jumpstart contract will retrieve 20 of its initial ETH.
4. When all of the initial 100 ETH is recouped, the Jumpstart contract will begin selling a minimal amount of tokens on a set basis, and sending the profits to the appropriate pools.

The importance of a Shiller Pool

The ‘Shiller pool’ will be the defining feature within the Jumpstart contract that will create a unified list of calls that crypto marketers can show to their followers.

In the world of crypto, marketing plays a pivotal role in growth, and tends to be expensive for new projects that don’t start with extensive discretionary funds. On the flip side, marketers are forced to constantly search for new opportunities in order to sustain themselves, while ensuring that they don’t put their followers at risk with irresponsible calls.

With the ‘Shiller pool’, any marketer that registers with the Jumpstart contract will start to earn ETH directly with each new token launch. As the Jumpstart contract grows, this ETH reward will grow rapidly, especially if the ‘Shiller pool’ is kept exclusive to only legitimate, admin-verified marketers.

Essentially, in the Jumpstart paradigm, everyone wins!

Why should I lock ETH?

Users that stake ETH directly onto the Jumpstart contract for lending get placed into a pool alongside other direct ETH stakers. 50% of all profits, after fees, are placed into this pool and split amongst all the ETH stakers. This means that if there were only 30 stakers contributing all of the ETH, each one would be receiving quite a large ETH payout every 2 weeks.

Anyone will be able to lock ETH directly when the contract is live.

What are the profit projections?

To break down profit projections, let’s use an example scenario.

• A developer applies with a token that has a 30,000 supply.
• They specify an amount of 500 as the reward for the Jumpstart contract.
• The token gets listed on Uniswap with 100 ETH and starts with a price of $10.
• Within 2 weeks, the liquidity in the pool has grown to 500 ETH and the token is now worth $100.
• The Jumpstart contract reclaims its original 100 ETH and slowly sells off its extra tokens.
• The extra tokens then generate a profit of ~$50,000.

Here’s how the profits would be split:

• 5% goes to a fund for development and legal fees($2,500)
• 5% goes toward the darkNyan-2 pool($2,500)
• 40% goes to Nyan-2 LP stakers to be split amongst them($20,000)
• 40% goes to Jumpstart direct ETH contributors to be split amongst them($20,000)
• 10% goes to the Shiller pool to be split amongst them($5,000)

That’s just from one project within a 2–3 week period. As Jumpstart grows and invests in more projects simultaneously, these projections drastically increase.

There you have it. Nyan.finance’s solution to the biggest issue facing current Uniswap participants. The Jumpstart contract is planned to launch with 7 days.

If you have any ideas or feedback, please join the Nyan.finance telegram to discuss with us!

Nyan.finance(Nyan-2): A defi governance token that generates ETH for its stakers.