In a bold move to enhance its competitive edge, BonkFun has announced the removal of creator fees on its platform, unveiling the new BONK Classic launches with a minimal swap fee. This strategic shift is designed to attract more users and regain market share in the bustling meme coin launchpad sector on Solana. The publication provides the following information:
Elimination of Creator Fees
The decision to eliminate creator fees comes in response to growing trader concerns regarding high transaction costs that have been hindering trading activity. By introducing a 0.30% swap fee, BonkFun aims to prioritize liquidity depth, ensuring smoother price movements and a more favorable trading environment for its users.
Shift in Revenue Model
This restructuring represents a significant departure from the revenue-sharing model that initially contributed to BonkFun's early success. The platform is now focusing on creating a more user-friendly experience. This could potentially lead to increased trading volume and a stronger position in the competitive landscape of meme coins.
In contrast to BonkFun's recent elimination of creator fees, Pumpfun has introduced a new revenue model aimed at ensuring its sustainability. For more details, visit Pumpfun's revenue model.
