What is CODE?

Code is a token launched on the Solana blockchain, utilizing the SPL-2.0 standard alongside the IQ6900 code-in inscription standard. It aims to facilitate a fair launch process without insider involvement, drawing from the principles of the original BRC-20 model.

The process involves minting inscriptions that can be redeemed for standard SPL tokens, which are tradable on decentralized exchanges within the Solana ecosystem. This redemption process, known as "Validation," ensures that mints are valid by adhering to the first-is-first principle of BRC-20. A fee is charged for this validation, which contributes to the liquidity pool, with a mint-to-LP ratio of 80/20. Mints that remain unvalidated after 24 hours are removed from circulation.