I just watched the live presentation of the new CCIP token manager...

Question

I just watched the live presentation of the new CCIP token manager...

I just watched the live presentation of the new CCIP token manager, which is a permissionless way for anyone to launch a multi-chain token.

The full process took about 30 seconds:
1) Choose a token and ticker name
2) Choose a max supply
3) Literally just click through a list of CCIP-enabled chains , adding whichever ones you want (you can add more chains after launch just by clicking on them)
4) Click “launch”

This generates a cross chain token which can move between any of the selected networks, with no liquidity pools required and no slippage. It is a mind-boggling advancement in token issuer UX. You can also migrate existing tokens into this system.
Cross chain liquidity pool LPs are dead. Paid bridges are dead. Builders and users just won. This literally changes everything.

be goku ID

accurately reflects my bullishness

are we about to enter an even more cancerous phase of the shitcoin casino

Hopefully not. I'm hoping this will be used to tokenise every real world asset imaginable, from carbon credits to concert tickets.

yes and it's going to make us all very rich

kek no wonder Tron just bent the knee

Omedetou gozaimasu!

just deployed DumbledoreKnucklesTrump (ticker: KASPA) to every chain possible.

holy cope

It is a mind-boggling advancement in token issuer UX.

More like a mind-boggling advancement in shitcoin and pajeet proliferation.

Suddenly crypto bad lmao

It always was. A public fucking ledger? I want to use crypto to make quick money and avoid taxes, both of which get harder to do every year with more pajeets and more regulation.

you are a nigger

I want to use crypto to make quick money and avoid taxes

congrats, you don't understand the philosophy that it was built on then

It sure is. 2025 is going to be nuts.

… that’s how to make money

Yes, and guess who's collecting all those sweet sweet fat fees? Not the MEV mafia. No, we are. God I'm going to open my staking rewards dashboard and jack off furiously to the "Claimable Rewards" number while I listen to Sergey ramble about tradfi adoption. My best goon session yet.

Also includes payment abstraction so the ultimate shitcoin casino for issuance and cross chain liquidity for this bull run will be paid for entirely in Link

Why the fuck is biz sleeping on this

Biz is fucking retarded

One word: Comfy

Will we get eth and solana style bullrun?

Because we’ve heard it all before.

link will power the shit coin casino has been said since 2017 and it has yet to happen. We are all afraid to believe literally any of it.

I bought in 2019

Good for you. OG’s bought on etherdelta in 2017.

FUD real OGs bought the pre ICO sale

link will power the shit coin casino has been said since 2017

no it hasn't lmao

Trust me, it has lol.

Can someone explain me why a token does not a liquidity pool anymore, if that token needs liquidity to be traded in the first place?
If I'm launching a token, I need to provide liquidity.
Where does that liquidity come from instead?

I’m guessing from your own wallet

Where does that liquidity come from instead?

when OP says that "no liquidity pools required and no slippage", she means that chainlink doesn't address that fundamental problem, you end up with a useless token that nobody can trade, so you'll have to set up everything on every chain yourself. or just mint your shitcoin on the singular chain where all the buyers are and skip the retarded step in the middle

Not a single anon is selling, fudgroid. Give it up.

Congrats
You just described a typical shitcoin casino. Too bad no link holders give a flying fuck as long as they make money, Similar to eth and solana holders

So chainlink sets up the liquidity pool automatically for you on the singular chain while enabling cross-chain transfers of it?

it just creates some tokens on different chains which you can bridge if you already have them. it does nothing for letting people acquire said tokens. it's a web ui that automates a problem that nobody has

What will actually happen and we all know it:

Fuck all actual use

What use there is is entirely subsidized by token dumps and no customer ever actually pays for the service.

clg is deployed to start doing damage control as the team begins to use the 350m left for nodes for general operation costs

So… just like your typical shitcoin casino but way better?

we

are we about to enter an even more cancerous phase of the shitcoin casino

it worked for eth in their first big bull run

Think about what a liquidity pool is. It’s a bunch of the same asset sitting on 2 chains, so that there’s a liquid supply of that asset to move into as you move from chain A to chain B.
Now think about what Chainlink does with CCIP mint and burn. Chainlink can move a token across chains by burning the same amount of token on chain A that it mints on chain B.
There is literally no need to have passive pools of tokens to provide potential liquidity, as Chainlink ensures you can move the entire supply of a CCIP enabled token from chain to chain, without ever risking duplication of assets across chains.

bro active liquidity

umm fudbros?

>link will power the shit coin casino has been said since 2017 and it has yet to happen

Link has been powering the Defi shitcoin casino since 2020