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
Stocksback has 2 contests running right now.
1️⃣ Write a thread explaining Stocksback's utilities, reward modes and launch modes. Video tutorials preferred. 3 winners get $50 each.
2️⃣ First person to launch a token on Stocksback that bonds gets 3 SOL.
GM I've made a chat where we can discuss potential launches on our launchpad.
Join only if you're a holder and willing to launch or help with ideas, feedback, and suggestions.
https://t.co/DvV95TgSJh
Stocks pair is now live.
Launch a token on @Raydium and pair it with any stock pre-IPO, @Backpack , @xStocksFi and more.
All tokens have only 1% fees, and 80% of that goes to diamond hands.
Stocksback is the only launchpad that now supports launching on @Pumpfun , @MeteoraAG and @Raydium , with the cheapest fees and all fees going back as rewards to diamond hands.
Stocksback contest
Make a thread about Stocksback in detail. Go over all launch modes, reward options, and the top 3 thread winners get $50 each. The contest ends in a week.
The next person to launch a token on Stocksback that bonds also gets 3 SOL.
Good morning, $SBACK community, big day today!
After today's update, the final piece of the puzzle will be live, user launching with stock pairs on @Raydium .
But unlike other protocols, which has a 4% buy and sell tax on all their launches, if you launch with Stocksback, it will still be 1%.
Two big updates tomorrow.
First, we support launching on @Pumpfun and Meteora.
We'll add Raydium, which means all three prominent launchpads on Solana. You can choose any one and launch.
Second, you can pair your token against stocks, pre-IPO stocks, silver, and gold.
Shield mode
The anti-dump mode.
Creator fees get claimed every 30 mins, and a built-in shield sits underneath the chart. Any time a sell drives the price down more than 10%, it triggers an automatic buyback and burn.
Supply goes down, the chart gets defended.
StocksBack Thread 🧵
Stocksback is a launch platform where you launch a token and the diamond hands of the project receive rewards in stocks, tokens and vouchers.
It adds transparency to creator fees.
Most launchpads take fees from every launch and do nothing with them. We give them back.
Blue chip mode
Pair your launch against BTC or ETH instead of SOL.
Or pair against jitoSOL, staked SOL earning ~7% APY. The LP auto-stakes and thickens over time on its own, and holders earn jitoSOL rewards that auto-compound.
Liquidity that grows while you sleep.
Gm, day 8 of building $SBCAK
Over 60 SOL already sent out to diamond hands in the form of stocks, SBACK and pre-IPO stocks. Today we take it one step further
Claim your rewards as things you can use iRL like Amazon gift vouchers, prepaid Mastercards and more options
Stocksback rewards update
We have added 20 new reward options in stocks that you can now claim, including @SpaceX , @McDonalds 's, @RobinhoodCrypto , @gamestop and TakeTwo, plus pre-IPO stocks like @OpenAI and @AnthropicAI .
Users can now launch on Stocksback and their holders can claim any one or multiple of them.
The next phase of rewards we are working on is going to blow people away 👀.
Hint: apart from stocks, you can claim your rewards in real-world gift cards like prepaid master cards, Amazon vouchers, and more.
Stocksback fee mechanism update
We heard you, and we have made some changes to how fees are used for launches inside Stocksback. Here is the new fee split.
To incentivize devs launching on the platform, the new fee split is:
80% goes to diamond hand holders who hold more than 3 cycles, which they can claim in stocks, SBACK and more options incoming.
15% of fees now go to the creator of the token to incentivize launching.
5% goes to buy and burn $SBACK token.