What does conviction look like? Here is how I am allocated. HEAVY @GraphiteProto $GP
50k $GP tokens
Taiyo NFTs that will give me an additional ~45k $GP
- 4 @TaiyoRobotics
- 3 @TaiyoInfants
10 $SOL
$1000 worth of $BONK and $LOLA
and that's it
Let’s talk about the new pumpfun creator fees.
(Long a** post 😅)
Before we get started you need to understand who I am talking about when I say “creator.” Creators are more commonly known today as the “devs” or as I like to refer to them “scammers”. They are the guys who launch 500 tokens a day and bundle farms millions of dollars every single day from anyone who dare buy a new token.
Yes, pumpfun is now incentivizing these people to launch more tokens by paying them more money. Money paid by YOU, the trader. It seems insane to me that this was even an option but here we are so let me explain some of the implications.
1. Sell pressure: I don’t think many people understand this but yes all your coins will now have more sell pressure. This extra sell pressure will be used to pay scammers. Where does it come from? Well when you LP fees are paid in the token that is being exchanged so..
Buys = Fees paid in solana
Sells = Fees paid in base token(memecoin)
But pumpfun only pays out Solana to the
“““Creators””” right? This means the fees generated in the base token must be auto swapped for sol somewhere in this process.
2. Reduced Overall Volume: I believe this will overall reduce the volume of all tokens after the initial hype on launch day leading to an even shorter average lifespan for tokens(crazy this is even possible 💀). Basically drain traders to feed the scammers. 95% of the money will be made day one.
3. The Survivors: The general rule when it comes to liquidity is higher fee gen leads to more liquidity, more liquidity will lead to reduced fees. Reduced fees come in two ways, either more people add to the main pool reducing overall fee capture of each LP(this will not be the case here because most people use concentrated liquidity), or people will create lower fee pools and poach the volume from the main pool.
Now I’m not sure how this looks when applied on such a large scale but my guess is that once again, scammers make a majority of their money early day 1 and if the token has volume the main pool(pool seeded by pumpfun) will likely be undercut by LPs leading to massively reduced volume as most transactions will be routed to the cheaper pools.
This is a natural progression that typically happens at much higher market caps but with this new change it may even be extremely profitable to undercut the main pool right at launch. (alpha 😉). Opportunity could arise with already established tokens that have volume as well(more alpha 😉).
Conclusion
This sh*t is retarded. We are incentivizing scammers at the cost of users rather than the other way around.. The reason this is happening is the “launchpad wars, which you would think would benefit consumers. More competition = better product / reduced prices right? Wrong. The platforms need 24/7 token launches so the streamers/copy farmers have something to pump and dump at all times.
The Solution
If pump is dead set on increasing fees then the best way to do that would be to implement dynamic fees(volatility based). Now this would not be my ideal solution but it’s way better than this. I think the main pool of tokens should be a flat 0.25% fee. It’s just healthier that way.
In an ideal world they find away to do the exact opposite of what they are doing now. Disincentivize scammers which leads to an overall better experience for users as they get rugged far less.
(forgive typos cause I ain’t reading allat 😂)
We’re excited to be working with WLFI as their official launchpad provider for USD1 on Solana.
We’ll share exactly what this means and why we’re bullish in the near future but let’s just say the trenches are about to become a whole lot more liquid.
The story of the dog and the eagle has officially begun 🤝
The goal with BONKFun 2.0 is how we can bring big companies on chain safely and work with the biggest companies on earth to grow the Solana pie.
This is both for memes and ICM.
@bonk_inu has proven to be a trusted partner for some of the biggest companies on earth already and it will only get better from here imo.
It's all going to be happening on @solana soon enough.
We’re proud to announce that we've partnered with @worldlibertyfi to become the official USD1 launchpad on Solana.
We’re excited to work alongside WLFI and their team to bring the next wave of users onto Solana!
More details on go-live and what this partnership means will be shared soon.
Overwhelmingly positive feedback across the trenches. Good to see excitement back.
Goal for @bonkfun is to onboard the biggest companies around to on Solana trading markets. 🫡
Just because I'm getting asked a lot of questions atm we've been tackling a lot of big areas this past month
1. Community
2. ICM
3. How to bring in retail
4. How to grow liquidity in the trenches.
We've learned a lot from the past few months and have remodelled pretty much everything.
BONK eco looking good here
Ahead of the news we're dropping..
something cool just dropped on https://t.co/JLVOHwuGHY, our first real trader incentives.
For the first campaign (4 days so short period as a trial) we're keeping it open and focused on the bonding curve,
the tech is dynamic and can be changed some one contest might be for UPNL, one might be for HODL times etc, there'll be a lot of future contests this is not a one time thing.
If you sign up for this campaign you will be automatically entered into every future contest, and there'll be a way to change your wallet at the end of campaigns before new ones begin.
Excited to experiment with the community and provide real incentives to traders.
More to come on the trader front.
Back active on socials once the new phase of @bonkfun drops. Been grinding head down for the last 9 days.
Excited to be back in the trenches very soon. 🤝
Thanks to all the people who checked in on me the last week. 🫡
With everything going on around Bags, let’s not forget:
These same people raised $10M and rugged 40,000 OG card buyers.
They don’t deserve a free pass - they deserve to be called out.
With @BagsApp memecoin launchpad taking market share, I remembered in 2024 they sold "OG Cards" - 1.5 SOL each, 40,000 sold (~$10M).
I bought one. They were supposed to let you earn from invites and get special perks and benefits. (Unfortunately, I got nothing)
Now, per their support bot, they’ve just been converted into "points" - with no clear value or timeline.
So… did they sell $10M worth of “points,” or am I missing something? 🙂
Anyone who says bad things about @SolportTom is either confused or a paid actor who cannot be trusted
Dude grinds extremely hard consistently to add value
Flywheel over Extraction