INTRODUCING: COOLDEX
The next-generation DEX platform that redefines the standard approach to DEX LP fees.
https://t.co/IsUTJJMk4S
Problem #1: DEX LP Fees
Traders have lost $900M in DEX fees, trading memecoins on Solana and continue to lose over $5M daily.
Absolutely all tokens that migrate from a Bonding Curve to a DEX are subject to a 0.25% DEX LP fee, deducted from every transaction and permanently locked into the liquidity of that coin.
Solution:
COOLDEX eliminates DEX LP fees entirely and offers two innovative coin types: Community Coins and Zero-Fee Coins.
1. Community Coins: Built on the "community contribution" mechanism, these coins replace traditional DEX LP fees and allow rewards to be collected and distributed among all actual holders after every swap.
2. Zero-Fee Coins: Trade your favorite coins without losing money to fees: 0% trading fees, 0% swap fees, 0% LP fees.
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Problem #2. Revenue model
Long-term participation has no incentives beside speculation on a rising price, potentially harming token value and stopping community building
Solution:
COOLDEX adds unique "community contribution" mechanics:
- Set customizable community contribution fee from 0 to 5%
- Set the percentage distribution of this fee across three customizable options:
1. To reward all actual holders
2. To reward liquidity providers. Rewards for migrated liquidity go back to all actual holders.
3. To burn tokens, reducing supply and creating a deflationary effect.
Automatically calculating and distributing after every swap.
Example: Project has 5% Community contribution fee
- 70% to reward all actual holders
- 20% to reward LP providers
- 10% to burning
Total always has to be 100%
You can also distribute everything to one category, e.g., 100% to burn tokens.
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Problem #3: Barriers to Reward Distribution
Current community rewards systems often control holders’ funds, and in pursuit of rewards, holders risk losses in volatile markets.
Solution:
COOLDEX processes all data on the back-end, allowing unlimited rewards for actual holders, no conditions required:
• NO Staking
• NO Locking
• NO Burning
• NO Leaderboards
Simply hold tokens in your wallet and claim rewards at any time.
@somethingco_ol will be the first project on COOLDEX engine with unique community contribution mechanics.
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NOTE FOR DEVELOPERS:
SDK will be released soon after the launch.
DM us If you are looking to explore ways to utilize our mechanics and to build on COOLDEX.
We're fully committed to support innovators with all our resources.
Meet SomethingCool and CoolDEX
The first DEX without LP Fees and Coin Launcher
with automatic rewards for all real-time holders
— no staking, no locking, no leaderboards required.
LIVE. NOW!
$LIBRA. Holders could have been $25M richer.
The $LIBRA launch and everything surrounding it once again highlighted a lot of holes in the current token launch system. Dev can create a cascade of sells at any moment, dumping a token in seconds.
Beyond that, liquidity rewards earned by the dev are often sold off causing a nuke of the chart.
To fix this, trading fees on DEXs shouldn’t go to the liquidity provider—
instead, they should be distributed among all actual holders.
How Does It Work?
OTHER DEX: If a token dev directly provides liquidity on any DEX with v2 liquidity, all trading fees are collected by the dev only.
COOLDEX: If a dev launches a token through @somethingco_ol, and liquidity is migrating to @cooldex0, then all collected fees after each transaction are distributed automatically among ALL token holders without staking, locking and leaderboards
Why Does This Matter?
In the case of $LIBRA, the $25M in DEX fees collected by the dev wouldn’t been dumped by bad actors, adding up to $100m cash-out
With @somethingco_ol and @cooldex0 those fees would have been distributed among all actual holders, enriching not the token creator, but the community that actually believes in something and holds tokens.
Now imagine that the fees you pay on @MeteoraAG while trading $TRUMP could instead be earned simply by being a token holder, without providing any liquidity. Automatically fee distribution directly to holders marks a new milestone in the crypto space.
waiting for @cooldex0
Solana community lost $750m by paying 0.25% DEX LP fees in millions of dead projects, check on https://t.co/WyEkL2ljwP
Introducing: @cooldex0 - the NEW DEX with 0% LP fees.
To help community save money on LP fees, with TWO unique coin mechanics: zero-fee and community coins