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JAKE
@jake
$QR is #1 on another leaderboard, largest % of supply burnt by clanker. I'm not sure I understand how or why we came to be #1 on this list. BOUNTY: $100 in $QR to the best explanation of these rankings. If there's no answer from which I learn something, no winner. @bountybot
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BrixBountyFarm 🎩
@brixbounty
Figured this out after listening to $bracky conversation. The take rate for og clankers is higher than new ones - so anywhere from 20-40-60 percent of the lp fee to the clanker contract. The underlying token is only collected on sales, the buys accumulate WETH which don’t factor into this conversation. When the token is valued lower, each sale effectively collects a larger percentage of the token as a fee. So higher volume when the total MC is lower = more tokens collected as lp fee. Was trying to figure out why my hibernating $OIL token burned like 3 percent while Bracky was just over 1 percent It’s because sales at higher MC collect less Bracky per sale.
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JAKE
@jake
$QR is relatively OG, so it's been 60% to clanker. I didn't realize that percentage had changed for subsequent generations of clankers actually. Your response is the most helpful so far but still feels somewhat partial. Could the conclusion be something like $QR has the most all-time volume per market cap of clankers?
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BrixBountyFarm 🎩
@brixbounty
Volume per MC at time of trade. These two sales a similar $USD value The first at lower MC would collect more $QR for the LP fee, almost double.
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JAKE
@jake
the volume per market cap stat is an interesting thing to be #1 at, not something i would have known or guessed before seeing we were the #1 burn by % of supply. thanks for your reply, this is the best answer for now but will leave bounty open for a bit to see if anyone comes in with something better, else you'll win
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arob.base.eth 🎩
@arob1000
This is spot on, also figured out in the $Bracky chat
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Siyana Studios™︎
@siyana
Yeah I think he’s on the right track, when people sell your token at a higher market cap the cut for clanker decreases directly or exponentially to the market cap, so the higher the market cap the lesser tokens they got, so high volumes on low market caps means you’ll earn a lot of your own token, I also learned something new today
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