😇FAQ
Last updated
Last updated
1、What is the difference between TipTag and popular MemeCoin launch platforms?
Current MemeCoin launch platforms (e.g. pump.fun) mainly solve the problem of raising initial liquidity for community $token. They utilize a bonding curve to raise a certain amount of $SOL or $TRX for MemeCoin, and then combine that raised asset with MemeCoin to provide liquidity in the Dex and destroy the LP.
In addition to helping Tag Space raise initial liquidity. TipTag also enables social fair distribution, allowing creators, distributors, influencers, Space participants, etc. to participate in “social community” collaborations coordinated by an protocol and receive Tag Space's $TagCoin according to the size of their contribution.
If you have a great idea, lack of people, lack of funding... Then use tiptag.social to create a Tag Space.
How is $TagCoin distributed?
As a whole, when $TagCoin is created, 70% of $TagCoin can be traded to raise 10 $ETH to provide initial liquidity for $TagCoin. Once the 10 $ETH is raised, this portion of $ETH is combined with 15% of the $TagCoin to create the initial liquidity pool for the $TagCoin, and the LP is destroyed.
The other 15% of $TagCoin is for social fair distribution, with people tweeting & interacting with community tweets, or participating in Twitter Space.
How does 15% $TagCoin for social fair distribution work?
As shown in Figure 2, 15% social fair distribution is divided into two parts: 5% Bonding Curve phase distribution and 10% Dex phase - distribution in 100 days.
For Bonding Curve phase distribution, $TagCoin is distributed on the block where the $TagCoin List Dex, so the $TagCoin earned in Bonding Curve can only be claimed when it enters the Dex phase. And the $TagCoin earned in the Dex phase is paid out on a daily basis.
For each distribution cycle, 70% is distributed to the Tweet Pool _ Total and 30% to the Twitter Space Pool _ Total. In the case of a Tweet, for example, the amount of $TagCoin earned by a single Tweet is calculated in the following two steps:
Calculate the value of a Tweet based on its Views and the likes/retweets it receives from community members. The value of a Tweet is calculated based on the View of the Tweet and the likes/retweets of the community members, where likes/retweets are voting actions, and the credit of the person who likes/retweets the Tweet is the weight of the vote;
According to the value of the Tweet, the $TagCoin of the cycle will be distributed to Tweet Pool _ Reward proportionally;
Initially, the community credit is positively correlated with the amount of $Tagcoins held.
After $TagCoin flows into Tweet Pool _ Reward, 30% will be distributed directly to Tweet creators and 70% will be distributed by all curators (likes/retweets) based on their credit and voting time.
If someone trades $TagCoin through the Blinks, what do Blinks publisher get?
When a Blinks transaction occurs, 1% of the transaction amount will be used as the transaction fee, which will flow directly to the Blinks publisher.
What are the rewards for creating $TagCoin?
The creator of $TagCoin can get two benefits:
Priority purchase of $TagCoin, you can be the first one to buy it when you deploy it;
People trade $TagCoin in the Bonding Curve phase via tiptag.social, where 1% of the transaction amount goes directly to the $TagCoin creator as a transaction fee.
Why can't I sell the $TagCoin I bought?
The first 10% of a $TagCoin can only be traded 3 days after trade. This is similar to the lock-up of early shareholders to protect later investors.
