Vamps are still not solved.
A coin runs, and within the hour there are a thousand of it. Same ticker, same picture, new devs, fresh farmers. The liquidity gets split a thousand ways, the volume spreads thin, and the farmers farm every one of them.
Float tried to fix it. It didn’t. The same coin keeps getting launched and bumped there, again and again, spreading the volume and feeding the farmers.
We built the full solution: seal.
The first coin with a name is the original. Launch the same ticker or name again, and it launches paired to the original instead of SOL.
→ Every buy of a copy buys the original first, in one transaction.
→ Every fee a copy makes burns the original.
→ The copy’s launcher gets no fees. There’s nothing to farm.
→ The original’s creator keeps 50% of its fees, and the rest buys back $SEAL and burns it.
→ Launch wallets must be 48 hours old, and the first 60 seconds of trading cost snipers a 25% fee.
And sometimes a relaunch makes sense. A better picture, a new site, new links. Today that means a new coin, and the liquidity splits again.
On seal the coin doesn’t relaunch. Holders vote, weighted by their bag, and the new picture and info go on-chain on the same coin. Same chart, same liquidity, nothing split.
On seal, a vamp can’t split the liquidity. Every copy feeds the first.
https://t.co/XtVBNWFlR2
Why do coins get relaunched?
Most of the time it's not a rug. The picture is bad, the site changed, the dev left, the community wants a new look. And there's only one way to change any of that: launch the coin again.
So it gets relaunched. New CA, new chart, half the holders never move over, the liquidity splits, and the farmers feast on both.
Every launchpad treats a coin's picture and info as set in stone the day it launches. Nobody asked the obvious question: why can't the holders just change it?
On seal, they can.
→ Any holder with 0.25% of the supply can propose a new picture, description or links.
→ Holders vote for 24 hours, weighted by their bag.
→ At 5% of the supply and 10 voters, it passes and goes on-chain on the same coin.
→ Ticker and name stay sealed, so nobody can hijack the coin.
Same CA. Same chart. Same liquidity. A new look, chosen by the people who hold it.
No relaunch. No split. No dev holding the keys to the brand.
https://t.co/XtVBNWFlR2
Half the relaunches out there are just a better picture. Each one splits the liquidity again.
On seal, the coin changes instead of relaunching. A coin belongs to the people holding it: any holder with 0.25% can propose a new picture or new info. Holders vote for 24 hours, weighted by their bag. At 5% of the supply and 10 voters, it passes and goes on-chain.
No dev can rug the brand. No vamp can take the name.
https://t.co/XtVBNWFlR2
Who earns when a coin gets copied?
Elsewhere: whoever launched the copy.
On seal: the original.
A copy's trading fees are claimed in the original token and burned, every few minutes. The copy's launcher gets nothing, so vamping for fees stops paying.
Copying a coin used to drain it. On seal, it pumps it.
A copy holds the original in its pool, not SOL. Buy the copy with SOL, and it routes SOL → original → copy in one transaction.
The bigger the copy gets, the more of the original it holds.
$SEAL is live.
Launch $SEAL again on seal and it's paired to $SEAL. Every coin launched as an original buys back $SEAL and burns it with its fees.
CA: 62nCxgQbrumcv5RnDrT7rQVv4rbAqhtseG26D3sE2EPR
https://t.co/M2PDdALk29