Introducing https://t.co/LCcwPSMSIa!
The RWA platform on @solana
Launch tokens backed by stocks, every token is paired to an underlying xStocks asset. ︀︀
Trade, Create and Earn via Creator fees, while your token is backed by an underlying equity.
Memes & Stocks
Powered by $STONK - The first ever stock paired token on solana.
Telegram: https://t.co/J4oTyvZDi7
Launchpad: https://t.co/3pCk7eAim4
Daily Revenue August 5th-6th
Revenue:
$76,478
Total Buybacks:
$44,199
Burned:
9.05MIL $STONK
You can track revenue and buybacks via our dashboard, proveable on chain.
https://t.co/vKy5UJFcfo
Stonkfun has now partnered with @PreStocks!
PreStocks will be buying back and burning $25,000 of the top 5 coins by market cap launched on https://t.co/LCcwPSMSIa using PreStocks one week from today.
Buybacks will be done over a 24 hour period, $5000 bought back and burnt in each.
We have also added support for the following PreStocks:
- $OPENAI
- $POLYMARKET
- $ANDURIL
- $NEURALINK
- $KALSHI
- $ANTHROPIC (already supported)
Launch VIA https://t.co/6Wt3b8edrP
To support developers building on Stonkfun, we are going to be releasing a public API with documentation soon as well for integrations.
- Platform docs OTW
- Unique new use cases
- New stock pairs
- + more
https://t.co/aSdFan4u04
Any issues around the platform being laggy, bugs, issues around scale are being fixed with infra upgrades within the next couple hours!
More updates soon
You can now launch coins paired with any memecoin!
For example you can launch coins paired against solana:9cRCn9rGT8V2imeM2BaKs13yhMEais3ruM3rPvTGpump!
https://t.co/tscuFhIHFd
This does not change our focus on Pre IPO stocks, and stock pairs.
This concept increases platform revenue, total tokens on the platform, total volume on the platform, and narratives that can be created from Stonkfun.
You can now launch coins paired with $ANTHROPIC!
Stonkfun is the first platform to ever allow tokens to be paired with Pre IPO companies, powered by @PreStocks!
Memecoins backed by AI companies!
https://t.co/tscuFhIHFd
You can now launch coins paired with $ANTHROPIC!
Stonkfun is the first platform to ever allow tokens to be paired with Pre IPO companies, powered by @PreStocks!
Memecoins backed by AI companies!
https://t.co/tscuFhIHFd
New updates are coming shortly!
Completely unique to Stonkfun & only possible on Solana.
Feel free to join our telegram, where we are constantly active.
Answering questions, concerns and helping users
We also put up a poll regarding v1 fee mechanics, some users had concerns around supply drag on v1 tokens such as v1 reward tokens we are letting the community vote on the solution
($STONK unaffected as it is not a reward token)
Either current mechanics are kept for v1, or we distribute in the quote + base (for example FROGE + TOPENAI) for v1 pairs ending the drag, while holders get the same rewards.
https://t.co/J4oTyvZDi7
Introducing our new fee mechanism:
- 2x increased platform revenue & $STONK buybacks
- Improved efficiency
- No more supply drag on new reward tokens
- No change in the total fee (4% rewards, 1% no rewards)
All new launches on the platform will have fees claimed only in the quote token, on the rewards side & platform side.
Base means the token being traded ($STONK), quote meaning the token you are trading against ($SPYX)
On our V1 of rewards/fee coins fees were claimed in the base + quote pair, and half the rewards came from base token supply.
Without claiming the base token and burning it from platform fees, the platforms share is now the full amount allocated.
Rewards no longer have to come from any of the base token
Current Launches:
- Uneffected, all current reward pairs will distribute as normal
- No changes in fees, they continue to claim both the quote + base token.