Our first fee distribution just went live. If you're a raise contributor, check your wallet!
We sent out ~35.52 SOL. The bulk of those fees were earned from the following pairs:
$BLOOMER - 35.73 SOL
$FAIR - 1.89 SOL
$FAIRY - 0.77 SOL
Another major step in our journey with more to come from the team soon
LaunchFair.
Something cool to see at almost 1/2 the MCap, @launchfairapp tokens have more liquidity than other leading launchpads
This is the way to build sustainable tokens moving forward. With the current token setup, there's too much extraction and not enough action.
LaunchFair fixes that.
Another mechanism apart of our Meteora launch is our auto-buyback flywheel on migrated tokens.
As you can see here on the @bloomermeme chart, our flywheel address is continuously buying back into the chart.
fairfNeFY5XhseXeGn6pvV7rjN6zSEx7uvUsmuBJM29
This is the buyback wallet if you want to see for yourself and all migrated tokens will have this feature out of the box ๐
LaunchFair is NOW officially integrated with @MeteoraAG
You can now trade tokens that migrate to Meteora's DAMM v2 pools for increased visibility post-bond (including bots, terminals, etc)๐
Oh and we've also added USDC trading to new pairs, in case that's your cup of tea ๐
Also in this update, for all shareholders we've added a holdings verification step to join the contributors chat.
Navigate to the 'OTC' page and click 'Verify & Join'
We're looking forward to seeing you in there team ๐
Just a heads up for everyone, the team is more active in our telegram channel at https://t.co/sYNpsTsMqO
Our twitter is being reserved purely for official announcements relating to LaunchFair ๐
Creating a @LaunchFairApp group chat for those who want a direct line with me. Will be answering any questions in there and also will be taking suggestions from our users.
Lets win together.
https://t.co/V6Ph8jlBNp
Gm - we're actively building out our Meteora integration right now for migrated tokens.
Will resume marketing operations once we get to a point to launch and moving forward we will be more active on the TL.
Thank you for the comments, @0xElude will be opening up a TG channel tomorrow to keep a better line of communication.
Gm
After deliberating with the team we've decided to integrate @MeteoraAG's DAMM v2 onto @launchfairapp.
We will be running SwapFair and DAMM v2 in parallel with creators being able to decide where they want migrations to go.
The design choice is simple that you can either run tokens purely off of the LaunchFair frontend without terminals/bots being able to pick them up through SwapFair
or
you can choose DAMM v2 and have it migrate to Meteora for higher visibility.
We're doing this to solve the issue we ran into earlier of tokens not showing up and not being able to be scanned properly.
We'll still be able to collect fees from both sides and contributors can/will be able to access revenue share from these tokens.
Will be able to ship this out fast and keep building from there.
If you have any other suggestions, DM me, we're always listening to our community ๐
Also I'll be setting up a contributor's group chat soon to have a direct line to me at any time.
Just a quick update regarding @launchfairapp
currently in talks with partner protocols to help get our tokens listed with them, will provide updates as they come.
As for launch, everything is working as intended, incredibly proud of the team, eager to ship more ๐
The Raise is now closed. We end it off at a ~$243k MCap with ~$220k raised.
We'll be refunding the ~20k above 200 shortly as our caps were met.
Next step, Launch.