Without relying on "Odyssey" or airdrops to create hype, the Layer 2 network Base launched by Coinbase has exploded the market with a meme myth of a thousand-fold increase, attracting countless eyeballs.

In about 14 hours, the price increased 2,000 times. At about 5 pm yesterday, the market value was still close to 56 million US dollars, and there were 8,774 WETH in the pool. Considering that during the rise, everyone still generally believed that Base could only put assets in but not out for the time being (Note: In fact, it can be taken out, recommended reading: Tutorial | Teach you how to withdraw ETH from the Base chain), such a large pool and this "only in, no out" cognition that easily scares people away formed a huge contrast, which made players feel very incredible. People even joked that $BALD was an "advertisement" for Coinbase, and this stalk was widely circulated on Twitter and various WeChat groups:

Smart public chain: We have a local dog that increases 1,000 or 10,000 times a day

Stupid public chain: We are about to embark on a 2-month odyssey

But just over 3 hours later, $BALD showed its fangs and destroyed everything. The project suddenly withdrew a total of 8,660 ETH and 179 million $BALD liquidity within 7 minutes. The price of $BALD fell sharply, with the maximum drop reaching 80%. Currently, according to the data on dexscreener, there are only 12 ETH left in the $BALD liquidity pool, and the TVL of the Base network has also plummeted from about 42 million US dollars to 9.42 million US dollars.

Base network TVL changes

$BALD's "Guillotine" trend is like a game and a dream

Players who suffered heavy losses

"Chong Tu Gou" is an extremely cruel "PvP game". Crypto players know that this is tantamount to licking blood on the tip of a knife, but they always continue to rush forward under the temptation of stories of getting rich quickly, leaving their fate to anonymous project owners who may be drinking beer and taking their time on the other side of the screen. I tried to create a "Tu Gou", and the process was so easy and enjoyable that I felt so helpless and ironic...

It only cost $14 and a few clicks of the mouse, and a "local dog" was born

After connecting the wallet on Thirdweb and signing, click "Contracts" and then click "Deploy contract".

Next, we can select the type of contract to deploy. There are many types to choose from. Codeless one-click deployment of ERC-20, ERC-721, and ERC-1155 Tokens are all supported. It even supports the deployment of an ERC-721 Token with a staking function, a rentable NFT ERC-4907, and even a trading market like OpenSea. Here I just simply deploy an ERC-20 Token, so I choose "Token":

Then click “Deploy now” to enter the settings page:

The settings page is as follows:

- Image: Token pattern.

- Name: Token name.

- Symbol: abbreviation of Token.

- Description: Token description.

- Primary Sale Recipient: Token pre-sale income address. Since the "Token" contract we selected does not have a pre-sale price, it is actually useless here.

- Platform fees: Token pre-sale revenue can be subject to additional taxes. In addition, if a service such as an NFT market is deployed, all secondary transactions occurring on the contract can be taxed.

After setting all these, I finally chose which network to deploy on. I chose Base:

I set the "Name" to "ZaicheshangBuhuibaHaimeimai 111 Shufule", "Sybmol" to SHUFU, "Description" to "GM SHUFULE", and "Image" to a comfortable post bar emoticon pack. After successfully deploying it at a cost of $2.26, the results are as follows:

The contract can already be seen on basescan:

Go back to the settings center, there is a "Token" option in the menu bar on the left. Click it to mint a given number of tokens. I minted 1111111111111111, and then put them and 0.186 ETH on LeetSwap to make a fund pool. In this way, this token can be traded on LeetSwap like $BALD.

Minting tokens cost me $0.42, setting up a pool on LeetSwap cost me $11.35. The cost of creating a “Tugou” was only $14.03, plus some extra effort to click the mouse.

Afterwards, I closed the funding pool and discarded all permissions in the “Permission” function on the Thirdweb settings page, and the experiment ended.

However, using Quick Intel to test this contract created by Thirdweb, many yellow and red lights are still lit:

Using Quick Intel to check the $BALD contract, the situation is much better:

Thirdweb failed to implement the buy/sell transaction tax function, so I searched and found that there is indeed a one-click token issuance tool that can set the buy/sell transaction tax. It is so smart...

I cannot verify the security of this tool. However, the principle of this tool to help deploy contracts with one click is roughly as follows: this tool itself is a contract. After setting and confirming the deployment, the contract will execute the "Deploy Token" operation according to the settings to complete the deployment of the corresponding settings. I randomly selected a contract deployed with this tool for testing, and the lighting situation was better than Thirdweb:

Conclusion

I highly recommend that you use Thirdweb to deploy your own token. Although it is just a simple process, you can feel something different by experiencing it yourself (don’t do evil).

Of course, to become a "local dog" with a market value of millions or even tens of millions of dollars, you also need to build an official website, various viral marketing to create fission, etc. However, if you are a "Crypto player" like me, when we rack our brains to evaluate whether a project is "big enough", do you feel a little ironic about all this?

Put your fate in the hands of "Tugou Maker" and "400 U Group". Do you make money or lose money? Is this Crypto world what you want and what I want?