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Bags.fm — How They Extract Value - Platform collects trading fees on every swap during bonding curve phase - Creator gets 1% of trading volume (configurable split with collaborators) — sounds generous until you see what bags.fm keeps - Token deployed through bags.fm's program — they hold the deployer, not you - After graduation: LP migrates to Meteora DAMM v2 and is locked forever - Bags.fm holds a locked LP position on every graduated token — they claim LP trading fees from that position perpetually - The platform's LP fee revenue is not publicly disclosed — you know what you earn (1%), you don't know what they earn - Creator's 1% comes from the overall fee pool, but bags.fm's locked LP position generates its own separate revenue stream on top of that - Migration pool fee options range from 0.25% to 6% depending on configuration — set by the platform, not the creator - Fee share percentage (1% creator) is platform-defined — can be changed - Same social engineering risk as pump.fun — platform personnel control deployer keys and locked LP positions - Every token that graduates becomes a permanent revenue source for bags.fm's locked LP portfolio — the more successful your community, the more bags.fm earn from it **TL;DR:** Bags.fm's 1% creator fee is the carrot. The locked LP position collecting perpetual trading fees across every graduated token on the platform is the business model. You build it, they rent-seek on it — same as pump.fun, just with better marketing.

Doing diligence on launchpads to determine the best relaunch strategy for $MEOW. Important economics to be aware of. Could go to project, but instead go to launchpad... forever! Pumpfun: x.com/i/status/20246… BagsApp: x.com/i/status/20246… 0.3-1% for project dev 😿

PLEASE READ- CRITICAL: This is not the post I'd planned. I care about this community. I refuse to support scammers, manipulation and other such nonsense. Following a deep forensic analysis of the $MEOW token launched on bags CA: pnTQ6ZdQTxb4v9PDXxi75ofy8rVfetVq8WEaiW6BAGS An industrial-grade, cartel operation was uncovered, as detailed here: docs.google.com/document/d/1Ix… 1. To protect the community and the LP, I've taken a snapshot as of 2026-02-17T01:43:27.390Z. 2. I've withdrawn my LP, and sold all my holdings. 3. The SOL proceeds of this will be used to seed a new pool for a new token we'll create, clean of any bad actors. It will remain in my publicly-known address until the new token is launched. 4. We are moving the official $MEOW community to a new home - x.com/i/communities/… and token CA (TBD). Follow @KittehcoinHQ for all updates, airdrop announcement etc. !!! 𝗜𝗠𝗣𝗢𝗥𝗧𝗔𝗡𝗧 !!! All holders who are not part of the cartel will receive the same token 1:1 via airdrop to their current address. 𝗦𝗘𝗟𝗟 𝗦𝗘𝗟𝗟 𝗦𝗘𝗟𝗟 pnTQ6ZdQTxb4v9PDXxi75ofy8rVfetVq8WEaiW6BAGS - FREE SOL I have already captured all legitimate MEOW holder balances via the snapshot. You will be airdropped the exact same amount as soon as the new token is deployed. We will distribute cartel-controlled MEOW equally amongst the community pro-rata based on your existing balance as of the snapshot. Sorry these bad actors have created this situation, but the team's plans remain unchanged in building a first of its kind memecoin, FOR CATS! MEOW! We just refuse to let bad actors take advantage of our hard work or our community's trust.