https://t.co/jkkKCEj6LK introduced Cashback Coins, a great idea, but one that rewards the wrong behavior.
Instead of rewarding the people who believe in a project, Cashback Coins reward those creating the most trading volume.
Flippers get paid for buying and selling, while the holders who stick around and build the community earn nothing.
Introducing StocksBack.
StocksBack is a new fee-sharing mechanism built for https://t.co/3MqduJwiVj. Instead of creator fees going back to traders, 100% of creator rewards are distributed to long-term holders.
Every 30 minutes, creator fees generated by a token are collected and shared with eligible holders based on their ownership throughout the reward cycle.
The best part? You're not rewarded with more memecoins.
Instead, you can choose exactly which real tokenized stock you want to receive. Whether it's Tesla, Apple, Google, Nasdaq, or more, your stocks are decided by you.
StocksBack is also a launchpad where other projects can launch with the same mechanism.
Website: https://t.co/2VbWrj3IeZ
This post we will go over in full detail our 2nd launch mode, called Governance mode.
Governance mode, as the name says, allows holders to become stakeholders in a project: how creator rewards are used is determined by them.
Every 30 mins fees are claimed. During those 30 mins, only holders can vote on how the fees should be used, either in buybacks, add to LP, or pay for dex boosts.
This allows community members to have a say in the project rather than devs extracting fees and running away.
One of the most useful features inside Stocksback is the anti-vamp mechanism.
Every time someone tries to launch on our platform, it checks if a token with the same name, ticker or logo already exists and stops it, so multiple tokens with the same narrative don't launch.
Also every token launched inside our platform rewards diamond hands through cycle rewards
Gm Stocksback community. Here are the total stats of our platform after 4 days of being live.
12 SOL in fees generated
13 different launches
4 different launch modes
We have more launch modes upcoming and planned. We aim to build a transparent launch platform on @Pumpfun , and one of those features includes our anti-vamp, where you can't deploy a token with the same name or ticker if it's already been deployed in the last 24 hours.
Custom pair launch is now live
Launch on Stocksback now, but instead of pairing with SOL, USDC or stocks, pair it with a pumpfun token like ansem or any token.
Holders of the token also get rewards in the token it's paired with.
In this video we deployed baby ansem paired with $ansem, and holders get ansem tokens every 30 mins.
Each buy also pumps the price of the token it's paired with, so full flywheel mechanics built in.
Launch on https://t.co/2VbWrj3IeZ
Jackpot mode is now live.
Our 3rd fee mechanism is ready to use.
Launch a token with jackpot mode enabled, and every 15 minutes one wallet that has held for more than 2 cycles gets all the fees for that cycle.
Custom pair mode next.
Imagine launching a token, but instead of the pair being Solana, it could be a memecoin like $ansem.
With Stocksback, you will be able to do that with the next update.
Launch a token with our launchpad where the pair can be any @pumpfun token. Every buy on your token buys the paired token, and holders get their fees in the paired token.
A full flywheel.
Coming soon.
Apart from jackpot mode that releases today, we have another mode that will be released.
Basically, instead of sol as a launch pair, people can launch using any pumpfun token as pair.
So, you can launch Baby Ansem, for example, and instead of sol, it's paired against $Ansem. Every buy pumps Ansem.
Gm. We had a huge selloff last night. We're still here and still committed, and we have updates on our platform today including 2 new modes: jackpot mode and custom mint launch.
Jackpot mode kicks in when volume is low. Instead of crediting everyone a small amount, all fees go to one random holder who has held for more than 4 cycles.
The second one is the big one — custom mint. Custom mint lets you launch a token but pair it with another token. So instead of launching with SOL or USDC as the pair, you can pair it with $ansem, or any @pumpfun token. This also drives volume to the token being paired with.
Governance fee mechanism is now live.
Projects launching on our launchpad can now choose between stock rewards or the governance method.
Everyone has the universal problem of DEXs extracting fees from launches but doing nothing with them.
Governance method, as the name suggests, makes the pumptoken into a company and holders are treated as stakeholders. Every 30 mins they can vote on what should happen with the accumulated creator rewards buyback burns, add to LP, pay for boosts.
Whichever wins, our engine performs that task permissionlessly.
Test token we deployed with governance mode built-in: https://t.co/a64aRqX9Fg
3 hours until the new fee mechanism releases.
@Pumpfun has a universal problem devs launching and extracting fees from the platform.
Today we release a new fee mechanism: Governance mode.
Every 30 min creator rewards are claimed and holders vote on what the fees are used for. Just like a company, every holder is a stakeholder who votes on whether that cycle's fees go to buyback and burn, add to LP, or pay for dex boosts. All done permissionlessly.
Holders decide the fate of the token.
Gm day 2 of Stocksback underway.
Stocksback is a launchpad that's been in development for 5 months. The first test token was deployed 132 days ago.
https://t.co/msz90h98MK
Today we share another fee mechanism we built for launches that prevents extraction by devs.
Today we release Governance mode. In any project launched with Governance mode, the fees don't go to the dev holders become like shareholders of a company and decide what the fees are used for. Buyback, add to LP, pay for dex boosts, and many other options.
There will be a poll for every project that launched with this mode in our website where holders vote, and whatever wins is automatically executed permissionless.
Governance mode goes live later today.
Day 1 platform stats
Total stocks in rewards: 9 SOL worth
Total stocks claimed by users: 0.5 SOL worth
Pending rewards: 8.5 SOL worth
6 tokens launched on the platform with the same fee mechanism.
Tomorrow we release another launch mechanism projects can choose to launch with.
Did you know the first token deployed on Stocksback was 135 days ago? The platform has been in private development for the last 5 months.
First deploy: https://t.co/msz90h98MK
What we have live now is only 1 mode, with the PvP issue fixed with ticker and name lock. We've built 3 more modes, each solving a specific issue everyone has with the @Pumpfun platform.
Can you guess what the other 3 fee mechanisms are and how they work?