Retroactive funding for development of KSM.FUN. Pre-launch phase on Kusama as parachain.

I am rust.dev and I am super bullish on Kusama.

I believe that our Wild Bird Kusama is the perfect place for chaos, experiments and now fun.

As current market narrative of meme season and one click tokens deployer as pump fun(Pump.fun daily revenue outpaces the next 24 protocols combined) or sunpump meme(1M$ in revenue in 11 days) showed that this kind of product on top of tron and solana L1 solution has got those ecosystems up from the knees. 

 

KSM.FUN is a parachain:

— UMP/DMP XCM trasnfer configured for parachain runttime to support transfer of KSM from relayer chain and back.

— Kusama (KSM) is native currency FOREVER. 

— OpenGov for KSM holders. Similar to kusama open gov but just faster track to make desision faster.

— Native dex.

— 0% fee on trade compared to 1% each trade fees on pump.fun (this improvement will allow to bring a lot of volume and users to Kusama)

— Integration of Assets pallet. Config prevents RUGS so it is ONLY possible to create a token via launchpad extrinsic.

— Simple user flow to execute only 1 Launchpad extrinsic that:

        — creates a new (meme) token. For example GLITCH .

        — creates a pool of new tokens with KSM. LP KSM-GLITCH deploy liquidity.

        — buys the desired amount of tokens from the pool in the same extrinsic. (optional)

I won the last parachain slot in Kusama history. It was called Memecoinchain. But since then it has changed its name to KSM.FUN that I believe is more vibrant to attract more users and activity into the Kusama ecosystem. So in the next few weeks KSM fun will be deployed as parachain.

All logic and functionality is tested with a zombienet and contains the polkadot version to support 6 sec block time. We are team of 3 devs, 2 blockchain substrate rust devs and 1 Front-end Web3 Dev.

I am actively developing bridges and DeFi for the polkadot/kusama ecosystem during the last 4 years.

This is my first treasury proposal on Kusama.

My contacts:

Github: https://github.com/rustninja

Linkedin: https://www.linkedin.com/in/rustdev

Telegram: https://t.me/rustninja

Youtube channel about polkadot/rust substrate development about.web3.online.

Source code of ksm.fun parachain for Kusama.

https://github.com/ksmfun/ksmfun

—  DEX pallet. create pool, add/remove liquidity and trade

— Launchpad source code

— Integration into KSM FUN logic into runtime: https://github.com/ksmfun/ksmfun/blob/main/templates/parachain/runtime/src/configs/mod.rs#L163-L235

Here is a video of testing KSM.fun on polkadot js overview of functionality of creating new tokens in one extrinsic and starting trading them immediately.

https://youtu.be/yzbVWxLXwQU

Thank you for your time and support.

I am glad to hear any feedback and opinion from you Kusama bulls.