We just shipped a new launch model on @BagsApp
We think launching coins should be just like going public in the stock market, so now all coins on Bags launch with only 4% of supply in circulation, just like the SpaceX IPO.
We also introduced dynamic fees based on market cap with fees dropping from 2% to 0.5% as market caps increase.
Once coins migrate, 25% of all fees are used to compound liquidity. LP gets deeper as more people trade.
We're excited to see how this new model can improve launches in our ecosystem.
Get ready for higher ceilings on @BagsApp
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