There is a major problem with the way most popular launchpads in the Solana ecosystem currently operate: they don't pay enough fees, which forces creators to have a lot of startup capital to operate long term projects.
This effectively prevents people with little to no startup capital from running any sort of long-term project. No "one solana and a dream" projects unless the token magically takes off into the millions and they're able to sell a small amount of supply in order to keep things going.
To Bonk's credit, they do pay better than Pumpfun, but with the payouts only being doled out upon migration (and slowly, at that), a lot of projects die before they even bond. Pumpfun is simply extractive and payouts might as well not even be a thing.
Believe and Moonshot have a much better payout system, but both require the projects to bond before payouts are given. This means only serious projects can take off, but that appears to be how they curate their tokens. The payouts are massive, and enough to encourage continued operation of a project, and Believe is very good pre-migration but slows down post-migration, with payouts being trickled out 1 solana at a time. A buggy fee-tracker could make a less experienced person suspicious over it. Could use some work here @pasternak.
Jupiter's launchpad is nice, but it has zero exposure (the only real token that managed to take off was Uranus, to my knowledge) and there is a large amount of friction between putting something on the market and getting people to notice it. It's also not a part of the "meta" which really doesn't help meme projects. The fact that you can set up an impermanent 1-year lock on the LP is nice for developers down the line, though.
Enter Bags. Entirely seamless, and you can designate the recipient of the fees to anyone on X. The recipient also gets 100% of the fees, which is more than what anybody else offers. You get to see how much you're earning entirely in real time and once your token migrates, you get complete access to the Meteora pool (100% permanently locked, so don't worry) so you can strengthen the pool. What's more, the fact that you can designate tokens to anyone is a great way of onboarding newcomers into the ecosystem.
Bags is also making it so that recipients will soon be able to directly withdraw the funds as fiat currency instead of making a Solana wallet. Nobody else does that. Very good work here,
Show original
11.94K
0
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.