Starting now, all token developers on GasPump will receive 70% of all trading fees generated on DeDust.
Let’s break it down with an example:
1. Token X launches on GasPump and successfully migrates to DeDust
2. Traders generate $10M in trading volume for token X on DeDust
3. The token creator (deployer) earns a reward of $14,000 = $10M * 0.2% (LP provider commission) * 70%
4. Wow
This initiative is a game-changer for token creators, providing them with a significant revenue stream to reinvest into their projects and fuel growth.
Shoutout to the 🤔 DeDust team for developing a new LP locker contract that takes our ecosystem to the next level. Once again, DeDust demonstrated their commitment to helping projects thrive and creating innovative mechanics.
So, what does this mean for token creators? GasPump now offers token creators a unique opportunity to earn huge rewards while growing their tokens. With this revenue, creators can:
– Boost marketing efforts and engage their communities
– Drive their tokens to new heights (and even higher 🚀)
– It’s a win-win for everyone in the GasPump ecosystem
Technical details:
Previously, LP tokens were burned (transferred to a zero address), ensuring liquidity couldn’t be rugged. While secure, this method didn’t allow token creators to claim the rewards generated by their provided liquidity.
Now, thanks to the new LP locker contract developed by the DeDust team, LP tokens are sent to LP locker contract, effectively “burned” but still enabling creators to claim fees.
Note: Fee sharing is available only for tokens, created since now, due to smart-contract update
⛽️ GAS!