@b0rder1ess

Fey Protocol (@feyprotocol): Launchpad with the best mechanics Today, a new project was launched on Base, which caused a stir on Farcaster and Twitter due to the TGC campaign (essentially a pre-sale), giving participants 10–25x profits (I am among them). They came up with a unique launchpad mechanism, which we will discuss today. Overview — FEY is the first fully permissionless launchpad that lets token holders participate directly in the network’s operations and fee flow. It was founded by @wiz and @atareh with the goal of creating a project that is fully owned by the community and managed without restrictions — for both builders and users. — They created a powerful flywheel mechanism with rewards for stakers, buybacks, and incentives for builders, which is based on several key components: • Commissions from $FEY in WETH are directed to token buybacks. All $FEY commissions are distributed among stakers as a reward • Of the tokens launched on the launchpad (TOKEN/FEY pair), 0.8% goes to developers and 0.2% to the staker reward pool This gives us a perfect flywheel with a loop and $FEY token buybacks: 1. Commissions from $FEY are directed to: • Repurchase of tokens for WETH and subsequent transfer to the reward pool for stakers • Directly to the reward pool 2. Commissions from other tokens go to: • developers (as an incentive to develop the project) • the reward pool for stakers • More people want to become $FEY stakers to earn commissions → they buy tokens for staking → they create demand and price growth → growth attracts builders who launch tokens → even more rewards for stakers — Thus, one flywheel attracts new buyers who bring commissions to the reward pool, and at the same time builders who launch their tokens, part of the commissions from which also go to the pool (For more details, see the photo) This is one of the most effective mechanisms of Launchpad on Base, which constantly attracts new buyers and builders. Tokenomics It is divided into 4 parts: 1. TGC Campaign - 40% 2. Open Market - 24.3% 3. Founders - 19% 4. Foundation - 16.7% — Currently, 70% of the supply is in staking, of which 16.7% are Foundation tokens (effectively burned). This means that only about 30% is in circulation, and taking into account the Uniswap Pool (8%), only 22% is in circulation. With an FDV of $6.1 million, this gives a real cap of only $1.34 million, which is very little for such a project. My thoughts — I participated in the pre-sale and earned 1.3 $ETH from 0.1 $ETH by selling all my tokens. The launchpad has not been launched yet — the team is waiting for contract approval from Uniswap, after which the launch will start. Therefore, I sold the tokens, but I plan to buy $FEY closer to the launch, when the number of commission rewards for stakers and the token itself will increase. — I really think this mechanism is one of the best, because it is almost independent of the team: their task is to launch the launchpad and support the project with information. Everything else is done by the community. Even the collection of commissions to the Vault (for $FEY buybacks) is done by the users themselves by clicking a button on the website, which makes the project completely community-driven — this is exactly what the team wanted

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