Why memecoins die and our mission to fix it.
Attention is considered the ultimate currency of todays generation which is the key reason as to why all memecoins seem to hit "zero".
With CLIPR, we thought of the perfect way to flywheel fees into incentive.
Each token that is launched through CLIPR gets it's own escrow wallet where 75% of the fees are used to fund the escrow as a "clipping campaign". The other 15% of every token launched on our launchpad will automatically be used to buyback into the main token and burn. The remaining 10% will be the creator's fees for them to keep or utilize for marketing.
How does this work:
- Each wallet that signs into CLIPR is assigned a custom code that must be put into the clippers biography. This is to verify account ownership.
- Anyone can clip for any token and put in a submission. The developer of the coin and the CLIPR team have no access to the escrow wallet.
- The developer of the coin is in charge of approving all submissions and verifying account ownership and cannot access the escrow funds at all incentivizing them to continue pushing their projects no matter what.
It's simple.
Fees -> Clipping -> Virality & Views -> Attention -> Higher Ceilings
On our side, fee split can be changed after seeing how launch day goes and we will adjust accordingly.
This is just the beginning for CLIPR and we hope to change one of memecoins biggest issues.