Dingaling is gonna shake up @pumpdotfun I wouldn't be surprised if users of will receive an airdrop from History may repeats itself - just like how Opensea was flipped by Blur A long post on what the heck @boopdotfun is ////////////////// So who the f is @dingalingts ? He is the Founder of @LooksRare and @PancakeSwap, and before that, he was the Head of @BinanceResearch Tho @LooksRare is practically unheard of among newcomers now, it was the one that vampire attacked @opensea, paving the way for platforms like @MagicEden and @blur_io Now, he's building @boopdotfun to vampire attack @pumpdotfun, and expectations are high ////////////////// But what is f @boopdotfun? Simply put, it’s a with a "platform token" that distributes transaction fees to token holders. Similarities: 1) The bonding curve is roughly the same—successful launches hit a market cap of ~400 SOL before being graduating to @RaydiumProtocol 2) Upon successful launch, the team charges a 6 $SOL fee Differences: 1) Token creator can bundle buy a maximum of 50% of the supply 2) After a successful launch, 1% of the fees will be distributed to the $BOOP ecosystem according to the documentation (vs now keeping all the fees after switching to its own DEX) 3) After a successful launch, token creators get to split the $BOOP airdrops that be distributed within a day (a fixed daily amount pro-rata shared equally among all successfully launched projects) 4) 75% goes into the bonding curve, 5% reserved for $BOOP stakers post-launch, and 20% is added to the pool after launch ////////////////// NOW what is f $BOOP? $BOOP is the platform token of @boopdotfun and the core of the entire ecosystem. The BOOP Distribution: The initial circulating supply mostly come from the airdrops given to KOLs based on rankings in collab with @KaitoAI, as well as the $BOOP shared among projects successfully launched today BOOP Utility (only when staked): 1) Share the 5% supply reserved for each successfully launched token 2) Earn 60% of the LP rewards from each successfully launched token BOOP Staking and Unstaking: To get a share of the rewards you'll have to stake $BOOP, with a minimum of 10,000 tokens needed to start To unstake, immediate withdrawal incurs a 5% fee; or wait 5 days to unlock (no rewards accrued during cooldown) ////////////////// The @boopdotfun’s (3, 3) Model Well, only a seasoned DeFi veteran like @dingalingts could design such a brilliant model, taking into account of all roles into the system Token Creators: After a successful launch, they receive 90% of the $BOOP allocated to their token Token Traders: After a successful launch, they receive 10% of the $BOOP allocated to the token #BOOP Stakers: Whenever a token is successfully launched, they share the 5% reserved portion of it Given the current model, early $BOOP tokens will be airdropped to KOLs. And with low competition for token launches, hitting a $5M mcap to unlock rewards will be highly profitable for token creators - just like how NFT creators on LooksRare profited tremendously from the airdrops ////////////////// Why the f should you launch on @boopdotfun tho? If you were planning to launch a meme anyways, rather than launching on pump, you get free $BOOP if you launch on boop - why wouldn't you do that? The beauty of the $BOOP model - rewards both the token creators and traders - and if $BOOP becomes intrinsically valuable, it essentially "subsidizes" creators and traders to interact there Thus, $BOOP is the core of the ecosystem. If the token takes off, it can really drive the entire flywheel —after all, why go elsewhere when you'll be rewarded while getting all the degen adrenaline rush?