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Moonshot launches new mechanism for issuing Meme tokens, distributing profits to creators and major holders

2024-08-14 16:34
Odaily News Moonshot launches a new mechanism for issuing Meme tokens. Through Moonshot's launch of Meme tokens on Meteora, creators and majority holders will receive locked lifetime liquidity fees. Moonshot hopes to turn creators and early supporters into shareholders to reduce repeated pump and dump behavior. The initial liquidity is permanently locked, and income income is distributed to liquidity providers. The dynamic fee agreement ranges from 0.15-15%. 80% of the funds collected through dynamic fees will be distributed: -20% to token creators; -70% to the initial top 50 token holders; -10% to DexScreener; -20% of the dynamic fees are passed on to integrators and trading robots who refer traders to the fund pool.