ikaros (ikaros)
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Launchpads are a MONEY PRINTING machine. Banks/Exchanges profit massively from fees and underwriting. Coinbase gets it, they bought Echo. Onchain, platforms like Pump, Clanker, Zora, Virtuals make launching projects even more accessible and generate money collecting fees on their platforms. Pump.fun notoriously printed $700M in fees in 2024. Oddly, onchain tokens like Pump / Zora / Clanker DO NOT directly benefit from platform revenue. Demand for their token is mostly a vehicle of speculation (makes sense - we are speculatorrs). Platform usage like minting fees represent a smaller component of the valuation. Market Cap = speculation (large) + utility demand (small) On Clanker, the 40% fee-share is for token creators only. Passive CLANKER holders do not benefit. Despite this dynamic, these protocols are valued respectively: $PUMP - $1.5B $VIRTUALS - $925M $ZORA - $269M $CLANKER - $74M Enter @feyprotocol $Fey on base is disrupting the onchain launchpad model by DIRECTLY incentiving deployers and speculatorrs to hold the token. $FEY = speculation + utility demand + FEEs (!!) When you stake $FEY, 100% of fees generated are redistributed permissionlessly and perpetually to stakers. Platform use -> Deployers/Users/Holders benefit -> Deployers earn more to keep building, Investors buy Fey to capture yeild Users OWN the protocol - as they should. Needless to say, I'm very bullish Fey. The team (@0xWiz_, @atareh) has been around awhile, and the defi mechanics seem obvious. Check it out yourself. Bullish base ICMs.
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What happens when a launchpad is owned by the people and all fees are not extracted? @feyprotocol $fey is gonna cook.
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Very cool. Live tracking of $fey launchpad buy backs.
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Deployers win by launching on $fey. On clanker/pump/zora fees are paid to clanker/pump/zora.. On Fey, they not only earn fey, but are incentive to hold fey and become owners of the platform. As fees flow to the deployers instead of extractors -> they can build more. @feyprotocol is the only DEPLOYER owned launchpad.
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