KAWAI Meme Coin: Phase 1 Technical Implementation Steps (Solana Standard SPL)

June 2, 2025 5 min read

KAWAI ($KAWAI) Meme Coin: Phase 1 Technical Implementation Steps (Solana - Standard SPL)

Objective: Outline the specific technical steps required to launch the KAWAI ($KAWAI) meme coin on Solana using the standard SPL Token program, focusing on Phase 1 deliverables: token creation, metadata, liquidity, staking, basic governance, NFT minting, and the initial website/dApp.

Assumptions:

  • Development environment setup with Rust, Anchor, Solana CLI, Node.js/pnpm, Metaplex JS SDK/CLI.
  • Access to Solana RPC nodes (e.g., Helius, Triton, QuickNode).
  • Funding available for deployment fees and initial liquidity.

Implementation Steps:

  1. Token Creation ($KAWAI Standard SPL Token):

    • Generate Keypairs: Create secure keypairs for the token mint authority and the mint account itself.
    • Create Token Mint: Use the @solana/spl-token library (or spl-token CLI) with the standard TOKEN_PROGRAM_ID (TokenkegQfeZyiNwAJbNbGKPFXCWuBvf9Ss623VQ5DA).
      • Specify decimals (9).
      • Set the Mint Authority (initially the payer/deployer wallet).
      • Set the Freeze Authority (optional, can be set to null).
    • Mint Initial Supply: Mint the total supply (1 Trillion $KAWAI) to a temporary holding account controlled by the mint authority.

  2. Token Metadata (Metaplex Standard):

    • Prepare Metadata JSON: Create the off-chain JSON metadata file (name, symbol, description, image URI, social links, website URL) according to Metaplex Fungible Token Standard. Upload the image and the JSON file to immutable storage (Arweave/IPFS). Get the JSON URI.
    • Create Metadata Account: Use the Metaplex JS SDK (@metaplex-foundation/mpl-token-metadata) or CLI tools (like sugar or metaboss) to create the on-chain metadata account associated with the $KAWAI token mint.
      • This involves calling the Metaplex Token Metadata program (metaqbxxUerdq28cj1RbAWkYQm3ybzjb6a8bt518x1s).
      • Provide the mint address, mint authority, update authority, metadata URI, name, symbol, seller fee basis points (usually 0 for fungible tokens), and other relevant details.
    • Verify Metadata: Check on Solana explorers (e.g., Solscan, SolanaFM) that the token metadata (name, symbol, logo/image) appears correctly associated with the mint address.

  3. Token Distribution & Wallet Setup:

    • Setup Multi-Sig Wallets: Create secure multi-signature wallets (e.g., using Squads Protocol) for:
      • Treasury & Future Development (10%)
      • Marketing & CEX Listings (15%)
    • Setup Vesting Contracts: Use a vesting service (e.g., Streamflow) to create vesting contracts for Team & Advisor allocation (10%), setting the cliff and linear vesting schedule.
    • Distribute Tokens: Transfer the minted tokens from the temporary holding account to:
      • Liquidity Pool allocation account (40%)
      • Marketing multi-sig (15%)
      • Staking Rewards Pool account (15% - see step 4)
      • Airdrop/Community Rewards holding account (10%)
      • Team/Advisor vesting contracts (10%)
      • Treasury multi-sig (10%)
    • Revoke Mint Authority (Recommended): After initial distribution, revoke the mint authority using the spl-token CLI or SDK (setAuthority instruction with null new authority) to prove fixed supply.

  4. Liquidity Provision (Solana DEX):

    • Choose DEX: Select a primary Solana DEX (e.g., Raydium CLMM, Orca Whirlpool).
    • Create Liquidity Pool: Create a $KAWAI/SOL (or $KAWAI/USDC) pool using the allocated 40% of $KAWAI and an equivalent amount of SOL/USDC.
    • Set Initial Price: Determine the launch price based on the liquidity provided.
    • Lock LP Tokens: Immediately lock 100% of the received LP tokens using a reputable locker service (e.g., Streamflow, SolLocker) for a minimum of 12 months. Publicly share the lock transaction/proof.

  5. Basic Staking Contract (Anchor/Rust):

    • Develop Program: (The existing Rust code lib.rs is largely compatible, as it uses standard SPL token transfers).
      • Ensure all token account constraints and CPI calls use the standard TOKEN_PROGRAM_ID.
      • Define state accounts: StakingPool, UserStakeInfo.
      • Implement instructions: initialize_pool, stake, unstake, claim_rewards.
      • Reward Logic: Calculate rewards based on time staked and amount, using the allocated reward pool.
      • Security: Implement checks against re-entrancy, ensure correct authority checks.
    • Testing: Write comprehensive unit and integration tests using Anchor framework.
    • Deployment: Deploy the program to Solana Mainnet (requires SOL for rent exemption).
    • Initialize Pool: Call the initialize_pool instruction, setting initial parameters and funding the reward pool account with the allocated 15% of $KAWAI.

  6. Basic Governance Setup:

    • Platform: Use an off-chain snapshot voting platform (e.g., Snapshot.org) or a simpler custom solution initially.
    • Process: Define a basic process for community members to create proposals and for the team to put them up for snapshot votes.
    • Voting Power: Based on $KAWAI holdings (staked + unstaked) at the time of the snapshot.
    • Integration: Link to the voting platform from the website/dApp.

  7. AI-Themed NFT Collection (Metaplex):

    • Artwork: Finalize the NFT artwork.
    • Metadata: Prepare metadata files for each NFT according to Metaplex standards, upload assets to Arweave/IPFS.
    • Minting: Use Metaplex tools (e.g., Candy Machine) to set up the minting process.
    • Collection Setup: Ensure NFTs are part of a Metaplex Certified Collection (MCC).

  8. Phase 1 Website/dApp (Next.js):

    • Frontend Development: Build the UI.
    • Wallet Integration: Integrate Solana Wallet Adapter.
    • DEX Integration: Display $KAWAI price chart, link to buy on DEX.
    • Staking UI: Interface for staking/unstaking/claiming (interacting with the deployed staking program).
    • Governance Portal: Link to voting platform.
    • NFT Viewer: Showcase NFT collection.
    • Deployment: Deploy the Next.js app (e.g., Vercel, Cloudflare Pages).

  9. Security & Audits (Phase 1 Scope):

    • Staking Contract: Perform thorough internal code review. Consider a basic audit.
    • Multi-Sig: Ensure sufficient threshold.
    • LP Lock: Verify lock is publicly verifiable.
    • Frontend: Basic security checks.

  10. Monitoring & Maintenance:

    • Token Monitoring: Track price, volume, holders.
    • Staking Contract: Monitor total staked, reward distribution.
    • Website: Basic uptime monitoring.

Timeline: Remains achievable within the 3-6 month timeframe for Phase 1.

Back to all documents

Table of Contents