Diamond Hands
Last updated
Diamond Hands is a game theory mechanic built into every Bound Launchpad token. It rewards long-term holders with a growing share of ongoing trading fees from the locked LP position.
At the end of a mint, tokens are distributed to participants. Any tokens that remain unsold and untransferred automatically enter Diamond Hands status.
Diamond Hands holders receive:
A share of trading fees generated by the locked LP position
A growing share as other holders sell - once tokens are sold or transferred, they can never regain Diamond Hands status
To qualify for Diamond Hands rewards, you must:
Have minted at least 1,000,000 tokens
Hold those tokens without selling or transferring them
Token deployer
50%
Diamond Hands holders
50%
A token launches with 1B supply. After the mint:
Alice mints 1M tokens - eligible for Diamond Hands
Bob mints 2M tokens - eligible
Carol mints 3M tokens - eligible
All three share 33.33% of trading fees proportionally.
If Bob sells 500K tokens, his remaining 1.5M retain Diamond Hands status. Carol and Bob now hold a larger share of the Diamond Hands pool.
If Alice sells 200K tokens then buys back 300K from the market - her bought-back tokens do not count. She falls below the 1M held-since-mint threshold and loses Diamond Hands status entirely.
The token with the most mints included in the current virtual block is featured as King of the Block on the Launchpad. If there's a tie, it's determined by most BTC committed, then by earliest submitted mint.
Last updated