# Location Coins

Owning onchain Property on Checkin unlocks launching Location Coins for users.  Users can launch tokens around each Property location (e.g. Blue Bottle Hudson Yards Location Coin), where a percentage of that token will be airdropped to the Property NFT holders and users who've checked into that location.



### Mechanic like Pump.fun

Location Coins will be similar to [pump.fun](https://www.pump.fun) - anyone can launch tokens around each location.

Mechanics of Location Coins will be similar to pump.fun -  from pump.fun:

> Pump prevents rugs by making sure that all created tokens are safe.&#x20;
>
> Each coin on pump is a fair-launch with no presale and no team allocation.&#x20;
>
> step 1: pick a coin that you like&#x20;
>
> step 2: buy the coin on the bonding curve&#x20;
>
> step 3: sell at any time to lock in your profits or losses&#x20;
>
> step 4: when enough people buy on the bonding curve it reaches a market cap of $69k&#x20;
>
> step 5: $12k of liquidity is then deposited in raydium and burned

Location Coins will enable users to create a coin for locations they love or frequent, creating an instant fandom for the Property.  This unlocks game mechanics like PvP where locations can compete against each other or fans can purchase coins to show how much they have the location.&#x20;
