🍄WonderMint

Minting Hookah Tokens

WonderMint:

Overview

WonderMint is a contract that will allow users to mint Hookah tokens by depositing various Wonderland tokens. The contract is designed to give users flexibility in choosing which token they want to use, taking advantage of varying exchange rates for maximum efficiency and potential arbitrage opportunities.

Accepted Tokens

WonderMint will initially accept the following Wonderland tokens for minting Hookah:

• Buns

• Alice

• Hatter

• Cheshire

• Queen

Additional tokens may be accepted at different exchange rates in the future, such as:

• Titanx

• Helios (HLX)

• Janus

• Dragonx

Minting Hookah Tokens

When minting Hookah tokens, users will have the option to select the Wonderland token that offers the best exchange rate, maximizing their potential for profit. This strategy allows users to optimize the value they receive when minting, and could potentially allow them to sell the minted Hookah tokens and recover the cost of minting.

Minting Process:

1. Token Selection: Users choose one of the Wonderland tokens listed above to mint Hookah tokens.

2. Exchange Rate: Each token will have its own exchange rate, giving users the opportunity to select the most advantageous one.

3. Pulse Fee: A minting fee, paid in Pulse (PLS), will be required in addition to the Wonderland token. This fee serves several purposes:

   • Buy and Burn: A portion of the fee will be used to buy and burn Hookah tokens, supporting its price.

   • Liquidity: Another portion will be used to form liquidity pairs with the Wonderland token used for minting.

The mint fee will be calculated as a percentage of the transaction, though the exact percentage is yet to be determined.

Dynamic Exchange Rate System

WonderMint will use a dynamic exchange rate system powered by SeerNodes, an oracle system on PulseChain. SeerNodes will provide real-time, on-chain token prices for all accepted tokens, allowing WonderMint to calculate precise exchange rates for minting Hookah tokens.

This system is designed to create arbitrage opportunities by comparing:

1. The current price of the token being used to mint.

2. The required Pulse (PLS) minting fee.

3. The potential value of the Hookah tokens being minted.

By keeping the exchange rates in line with real-time market conditions, users will be able to choose the most advantageous minting strategy, maximizing their potential profit. The dynamic nature of the rates will ensure that minting Hookah is not only speculative but also provides opportunities for arbitrage based on price fluctuations between the Wonderland tokens, Pulse, and Hookah.

Buy/Sell Taxes for Hookah

When Hookah tokens are swapped on exchanges, they will be subject to a buy/sell tax similar to other Wonderland tokens. The buy tax will range between 4-6%, but the sell tax will start at 20%. Most of the sell tax will be used as a liquidity tax, contributing directly to the WPLS/Hookah pool on PulseX. This portion of the tax will be burnt and is not recoverable by the owner, ensuring that it permanently enhances liquidity.

Over time, the sell tax will gradually decrease, lowering by about 1% per week until it aligns with the buy tax percentage. This process helps stabilize the ecosystem while encouraging long-term participation and discouraging immediate sell-offs.

Cheshire Reflection Rewards

Hookah token holders will also enjoy Cheshire reflection rewards—a special bonus where holders receive a portion of Cheshire tokens just for holding Hookah. It’s another layer of value for those diving into the Wonderland ecosystem.

For a full breakdown of how these reflection rewards work, check out the Hookah Token Page.

Conclusion

WonderMint is your golden ticket to the Hookah token wonderland! Users can strategically mint Hookah tokens using their favorite Wonderland assets, like Buns, Alice, and Queen, all while keeping an eye out for the best rates. Thanks to the dynamic exchange rates, it’s like a game of treasure hunting where you can score big by finding the perfect arbitrage opportunities.

But that’s not all! With a little Pulse in your pocket, the minting fee works its magic by fueling the liquidity and boosting the value of Hookah tokens. The result? A fun and rewarding way to dive deeper into the Wonderland ecosystem while making your tokens work for you.