What happens to a coin's fees
Every coin on Parps has a vault of its own. Its trading fees are claimed into that vault, split the way the creator chose, and put to work: bought back, traded on a perpetuals exchange, or paid out to holders.
At a glance
Every trade of the coin pays a fee. Parps claims it into the coin's own vault.
Buyback, trade and reserve, in the shares the creator's strategy sets.
The buyback slice buys the coin, then burns it or pools it for holders.
The trade slice opens leveraged positions on an exchange. The reserve stands behind them.
Wins are sold a slice at a time, bridged back and paid out. Losses are counted first.
Where coins come from
A bonding curve on Solana, paired with SOL or any listed token. It graduates to a pool once it has raised about 85 SOL worth of the pair.
1% of volume on the curve (0.2% after graduation), plus a creator fee between 0.5% and 9.8%. The default is 1%.
The strategy
Up to 10 markets per coin, each long or short with its own leverage and weight.
Hyperliquid for crypto perps. Orderly for stocks, indexes, commodities and the leverage Hyperliquid doesn't offer.
Protection, and what can go wrong
Part of every fee sits in reserve to top up margin before a position gets liquidated.
Leveraged trading can and does lose money, up to the entire amount deployed.
Where profit goes
Profit buys the coin on the market in small random slices and burns it.
Profit is paid out to holders pro-rata.
Questions
This is a demo. No real tokens are created and no trades are placed.