6️⃣ERC314 Protocol Token Creation Guide

Next-Gen Token Standard: ERC314 Protocol

Revolutionary Features

• 🚀 Swap-free direct trading via transfers

• ⏳ Transaction cooldown anti-snipe mechanism

• 🔒 Protocol-enforced liquidity locking

Prerequisites

1. Install MetaMask or OKX Web3 Wallet

2. Functional Limitations:

   • Supports bulk transfers

   • PancakeSwap V2 liquidity pools (not recommended)

   • No holder rewards mechanism

ERC314 Protocol Mechanics

The ERC314 Protocol introduces gas-efficient tokenomics eliminating traditional DEX swaps:

• Buy: Users send BNB → Receive tokens

• Sell: Users send tokens → Receive BNB

• Cooldown Restrictions:

  • Global Buy Cooldown: 1 transaction per configured interval

  • Per-Wallet Sell Limit: 1 sell per address per interval

• Liquidity Lock: Irreversible pool locking until target block

⚠️ Critical Warnings

• Experimental protocol - unproven long-term security

• Admin privileges control critical functions - never discard prematurely

ERC314 Protocol Token Creation Steps

1.Open PandaTool

2.Select the 314 Protocol template

3.Connect Wallet

4.Token Parameter Configuration

5.Create Contract

6.Creating Liquidity Via Console

1. Wallet Connection (Axperienced users may skip)

Step 1 - Network Selection

In MetaMask:

• Select target blockchain (e.g. BSC for Binance Smart Chain)

• Switch networks using the network dropdown

Step 2 - Platform Access

Navigate to: https://www.pandatool.org/#/coinrelease/314%E5%8D%8F%E8%AE%AE?lang=en-US Click "Connect Wallet" at top-right

Step 3 -Wallet Connection Process

1. MetaMask pop-up appears → Select desired account

2. Click "Next" → "Confirm"

3. Verify connection status via displayed chain name & wallet address

2. Parameter Configuration

After successfully connecting to the wallet, we fill in the corresponding parameters on the token creation page:https://www.pandatool.org/#/coinrelease/314%E5%8D%8F%E8%AE%AE?lang=en-US

Core Settings

• Name: Full designation (e.g. Panda314)

• Symbol: Ticker (e.g. 314)

• Total Supply: Fixed issuance (non-mintable)

• Decimals: Fixed at 18 (protocol-enforced)

314-Specific Parameters

• Liquidity Pct: Liquidity Allocation,% of supply auto-deposited to contract

• Cooldown Sec: Cooldown Timer,1-60 seconds

  • Buy Orders: Only one buy order is allowed across the entire network within the cooldown period. If one user buys, others must wait.

  • Sell Orders: Each address can only sell once within the cooldown period.

Tax Structure (Buy Side)

• buyFundFee:: A portion of the BNB from user transactions is deducted and sent to the designated Fund Address.

• buyBurnFee: A portion of each buy transaction is sent to the Eater Address, reducing supply.

Sell Tax

• sellFundFee:: A portion of the BNB from user sell transactions is deducted and sent to the designated Fund Address.

• sellBurnFee: A portion of each sell transaction is sent to the Eater Address, reducing supply.

Security Controls

• Fund Address: Solely controls liquidity operations

  • Add liquidity

  • Remove liquidity

  • Extend liquidity lock time

  • It is recommended to use the same wallet that created the token as the fund Address.

• enable Wallet Limit:Click the button to enable manually

  • Max Wallet Holding: Specifies the maximum number of tokens any wallet can hold. Once this setting is turned off, it cannot be re-enabled.

  • Whitelist Consideration:If this feature is enabled, ensure that contract addresses handling batch transfers are added to the whitelist.

3. Console Instructions

After successfully creating your token, you can enter the console to manage the various functions of your token. Once your wallet is connected, open https://www.pandatool.org/#/coinrelease/console?lang=en-US and modify the following settings:

Ownership Control

• renounce Ownership: Permanent privilege discard Renouncing up ownership by changing the ownership address to a Eater Address (Note: If your fundaddress is the same as your ownership wallet, renounce ownership will not affect the ability to add or remove liquidity.)

Liquidity Control(Only Accessible by the fundaddress)

• Add Liquidity: Single BNB injection (irreversible)

  • Note: Liquidity can only be added once. Adding additional liquidity later is not supported.

  • Lock Duration: Current Block + (Seconds ÷ 3) Example: 48h lock = 960 blocks on BSC

  • Token Initial Pricing: BNB Amount ÷ Token Allocation

• Remove Liquidity: Remove the BNB from the contract if the liquidity pool is not locked or if the lock period has expired.

• ExtendLiquidity Lock Time: Before the current lock period expires, you can extend it. Again, using the BSC chain’s approximate 3-second block time, if you wish to extend by 48 hours, you would add roughly 960 blocks to the current block number.

Trad Control

• Cahnge Wallet limit: Increase or decrease the maximum number of tokens that any address can hold.

• Disable Holding Limit: Remove the holding limit so that each address can hold an unlimited amount of tokens.

• Set feeWhitelist: Addresses on the whitelist will not be subject to the maximum holding limit.

• Modify Cooldown Time: Adjust the cooldown period within the range of 1 to 60 seconds; it cannot exceed 60 seconds.

• Set Cooldown Whitelist: Addresses on the cooldown whitelist will not be restricted by the cooldown period.

• set FundAddress: For ease of management, it is recommended to change the fundaddress to the same wallet used for token create.

4. About PancakeSwap Trading

We do not recommend using PancakeSwap for liquidity pool trading due to several limitations. PancakeSwap trading lacks tax mechanisms and may affect transfer-based transactions. Moreover, having two pools (one on PancakeSwap and one for transfers) with different prices could lead to arbitrage opportunities—so please be aware of the risks.

However, if you must use PancakeSwap to add liquidity, please read the following instructions carefully:

Differences Between PancakeSwap Trades and Transfer Trades:

• When trading via PancakeSwap, your token behaves like a standard token with no tax or slippage.

• Even with PancakeSwap trading, the cooldown period still applies. After a PancakeSwap trade, transfers cannot occur until the cooldown period has passed—and vice versa.

• The Defi Trending List platform will display a price candlestick chart for PancakeSwap trading, but this reflects only the PancakeSwap price, not the transfer-based price.

Why Might PancakeSwap Liquidity Addition Fail?

• Do not add liquidity using a V3 pool; only PancakeSwap V2 pools are supported.

• If the maximum holding limit is enabled, the number of tokens added for liquidity must not exceed that limit. For instance, if your set maximum holding is 10,000 tokens, you cannot add more than 10,000 tokens to the liquidity pool.

  Solution: After adding liquidity, add the liquidity pool address (or LP address) to the holding whitelist.

Why Might PancakeSwap Trades Fail?

• If you do not add the liquidity pool address to the holding whitelist, selling tokens might fail when the number of tokens sold plus the tokens already in the pool exceeds the maximum holding limit.

• If a cooldown period is set and a transfer trade occurs during that time, PancakeSwap trades may be blocked.

Best Practice: Ensure that both the pool address and the router address are added to the cooldown and holding whitelists.

• Pool Address: You can find this by using defi trending list platform(e.g. dextool or gmgn)

• PancakeSwap V2 Router Address: 0x10ED43C718714eb63d5aA57B78B54704E256024E

• PancakeSwap V2 Testnet Router Address: 0xB6BA90af76D139AB3170c7df0139636dB6120F7e

FAQs

Why Might Batch Transfers Fail?

• Before initiating a batch transfer, you must add the batch transfer contract address to both the cooldown and holding whitelists (if a holding limit is in place) to enable successful batch transfers.

  • Binance BSC Batch Transfer Contract Address: 0x07A9a91ff664dD0d02C8675fbfD8AECe29792389

  • BSC Testnet Batch Transfer Contract Address: 0x5Bf632738adc5Ffc20DA85a471ff6a60310C0c0E

How to Access the Console with the fundaddress?

• If your ownership wallet and fundaddress are not the same, you will need to copy the console URL and open it using the fundaddress to access the console.

Does Renouncing Ownership Affect the fundaddress?

• If the fundaddress is the same as the ownership wallet, renounce ownership does not affect the functionality of the fundaddress; you can still add liquidity, remove liquidity, and manage liquidity control.

How to Calculate the Initial Token Price?

• When creating your token, you must allocate a portion of the total supply for liquidity. For example, if you create 200 million tokens with a liquidity allocation of 50%, then 100 million tokens will automatically transfer to the contract address.

• Initial Price = (BNB Added) ÷ (Token Allocation)

• If you add 10 BNB for liquidity, the initial price is calculated as follows: Initial Price = 10 BNB ÷ 100,000,000 tokens = 0.0000001 BNB per token.

• Assuming the price of BNB is 535 USD, the initial token price would be: 0.0000001 × 535 = 0.0000535 USD.

Can the 314 Protocol Use USDT or wBNB for Trading or Pairing?

• No, the 314 protocol supports trading only in BNB.

How to Calculate the Unlock Block / Liquidity Lock Time?

• To determine the unlock block, convert the desired lock duration into blocks. On the BSC chain, with roughly 3 seconds per block, if the current block number is 100 and you wish to lock liquidity for one year, calculate as follows:

• Target Block = Current Block + (Lock Seconds ÷ 3)

  • 1 year = 365 days × 24 hours × 60 minutes = 525,600 seconds.

  • Number of blocks = 525,600 ÷ 3 ≈ 175,200 blocks.

  • Unlock Block = Current Block Number + 175,200 = 100 + 175,200 = 175,300.

• Enter this block number as your unlock block to lock liquidity for one year.

If you have any questions or need further clarification, please join our official Telegram group:https://t.me/pandatool_en