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An Automated Market Maker (AMM) is a decentralized protocol that enables token swaps without traditional order books. It relies on liquidity pools funded by users and smart contracts that enforce pricing via invariant formulas. Prices shift as trades occur, generating…

A token launch marks the public debut of a new digital asset, detailing its purpose, tokenomics, and distribution. It hinges on clear incentives, technical soundness, and credible governance. Core components include security, compliance, and scalable infrastructure. Launch models vary from…