Wyoming Decentralized Exchange®

We're covering the governance mechanic in Thursday's AMA. If you haven't read this thread yet, start here.

Come talk to us directly on Telegram on Thursday at 11 am EST. Open Q&A, project updates, and a $30 giveaway.

$2,000 in $EAT volume on @BitMartExchange gets you a chance to win up to $100,000. The Lucky Drop is a weekly random draw, one of three competitions running inside the Feedathon right now. Check the rules: bitmart.com/activity/EATSu…

Public companies celebrate revenue beats. Martin on why nonprofits should celebrate milestones the same way, and how the $EAT debit card turns every transaction into part of that number.

Still time to get in.

In the Curve Wars, the question was which protocols would figure out the game theory first and move fast enough to matter. With $EAT, that question belongs to nonprofits.

A food bank that accumulates $EAT earns governance weight over that second pool of distributions. The more weight it holds, the more it can direct fees toward its own operations, and if it performs well with that funding, the community has every reason to keep the votes flowing its way. The Curve Wars logic, applied to hunger relief.

By 2021 standards, this is a familiar story. A token with a governance-weighted distribution goes live. The entities with the most to gain from controlling that distribution start accumulating. Except this time the entities aren't DeFi protocols. They're food banks. 🧵

April: listed on @BitMartExchange, launched Impact Summer, funded 33,000 meals. May is where it compounds.

.@feedthechildren already has the distribution network, the logistics, and the tax deduction relationships with grocery stores and restaurants. The food is there. Aaron on why that makes $EAT's model work.

Four things happen every time someone trades $EAT. The fee splits automatically into cause funding, liquidity, a community treasury for future cause coin listings, and launchpad infrastructure. The cause share splits again, with 50% going to Feed the Children and the other 50% directed by whoever holds governance weight.

Impact Summer

Full rules here: bitmart.com/activity/EATSu…

The pool isn't fixed at $4.435M — that's what it reaches at $200M in volume. It starts at $55K and grows every time volume crosses a milestone, because BitMart applies a higher rate to the total cumulative volume each time. The practical effect: crossing a milestone doesn't just unlock the next tier, it reprices the entire pool upward. At $24M the pool sits at $132K. Cross $25M and it jumps to $225K. Competition volume generates meals, with 50% of cause fees flowing through @feedthechildren and 50% to community-voted local food banks.

One trader walks away with up to $2.2M. 72 more get paid. Up to $1.0M gets raised for meals. The Feedathon runs 30 days on @BitMartExchange. Here's how all three competitions work.