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INTRODUCING: COOLDEX
The next-generation DEX platform that redefines the standard approach to DEX LP fees.
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Problem #1: DEX LP Fees
Traders have lost $900M in DEX fees, trading memecoins on Solana and continue to lose over $5M daily.
Absolutely all tokens that migrate from a Bonding Curve to a DEX are subject to a 0.25% DEX LP fee, deducted from every transaction and permanently locked into the liquidity of that coin.
Solution:
COOLDEX eliminates DEX LP fees entirely and offers two innovative coin types: Community Coins and Zero-Fee Coins.
1. Community Coins: Built on the "community contribution" mechanism, these coins replace traditional DEX LP fees and allow rewards to be collected and distributed among all actual holders after every swap.
2. Zero-Fee Coins: Trade your favorite coins without losing money to fees: 0% trading fees, 0% swap fees, 0% LP fees.
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Problem #2. Revenue model
Long-term participation has no incentives beside speculation on a rising price, potentially harming token value and stopping community building
Solution:
COOLDEX adds unique "community contribution" mechanics:
- Set customizable community contribution fee from 0 to 5%
- Set the percentage distribution of this fee across three customizable options:
1. To reward all actual holders
2. To reward liquidity providers. Rewards for migrated liquidity go back to all actual holders.
3. To burn tokens, reducing supply and creating a deflationary effect.
Automatically calculating and distributing after every swap.
Example: Project has 5% Community contribution fee
- 70% to reward all actual holders
- 20% to reward LP providers
- 10% to burning
Total always has to be 100%
You can also distribute everything to one category, e.g., 100% to burn tokens.
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Problem #3: Barriers to Reward Distribution
Current community rewards systems often control holders’ funds, and in pursuit of rewards, holders risk losses in volatile markets.
Solution:
COOLDEX processes all data on the back-end, allowing unlimited rewards for actual holders, no conditions required:
• NO Staking
• NO Locking
• NO Burning
• NO Leaderboards
Simply hold tokens in your wallet and claim rewards at any time.
@somethingco_ol will be the first project on COOLDEX engine with unique community contribution mechanics.
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NOTE FOR DEVELOPERS:
SDK will be released soon after the launch.
DM us If you are looking to explore ways to utilize our mechanics and to build on COOLDEX.
We're fully committed to support innovators with all our resources.
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