🔓Smart Contract
The FOMO Smart Contract governs the mechanics of AI agent token launches, bonding curve sales, liquidity provision, and incentive structures on the FOMO platform. This section explains the technical functionality behind these processes and highlights the mechanisms that ensure a seamless and incentivized ecosystem.
Launch Mechanics
Token Supply and Distribution
Each AI agent token launched on the FOMO platform has a total supply of 1 billion tokens, distributed as follows:
FOMO DAO Treasury (5%):
50 million tokens are deposited into the FOMO DAO treasury to support rewards, incentives, and platform sustainability.
Bonding Curve Sale (80%):
800 million tokens are allocated for sale on a bonding curve.
Liquidity Pool Reserve (15%):
150 million tokens are reserved for creating a liquidity pool on Raydium.
Bonding Curve Mechanics
The bonding curve is the primary mechanism for initial token sales:
Price Dynamics: Tokens start at a low price. As users buy more tokens, the price increases along the curve, requiring more Solana (SOL) per token. Conversely, users can sell tokens back to the bonding curve, reducing the price.
Total Sale Cap: The bonding curve concludes when 800 million tokens are sold, and a total of 86 SOL is collected.
Bonding Curve Fees
Transaction Fee: Each buy or sell transaction on the bonding curve incurs a 1% fee. These fees contribute to the platform's revenue and incentivization pool.
Liquidity Pool Creation on Raydium
Once the bonding curve sale is completed:
Liquidity Pool Funding:
The collected 86 SOL and the 150 million reserved tokens are used to create a new liquidity pool on Raydium.
A portion of the SOL is retained for the creation of the pool, while the rest is paired with the tokens to provide liquidity.
Post-Bonding Curve Trading:
After the liquidity pool is established, the token is fully live, enabling trading beyond the FOMO bonding curve.
Volume Incentives for Token Creators
The FOMO smart contract includes mechanisms to incentivize high-volume trading for agent tokens.
Fee Sharing Model
Token creators can earn a portion of the fees collected through bonding curve transactions if their token achieves significant trading volume. The rewards are structured as follows:
$10M Trading Volume (First 3 Days): Creator earns 25% of the fees.
$20M Trading Volume (First 3 Days): Creator earns 50% of the fees.
$30M Trading Volume (First 3 Days): Creator earns 70% of the fees.
Fee Processing:
Fee Collection in SOL:
All trading fees collected in SOL are used to purchase FOMO tokens from the market.
Fee Holding Period:
Purchased FOMO tokens are held for one week after the token launch.
Creator Claim:
After the one-week holding period, creators can claim their share of the fees.
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