Back

Snek.fun Launches ADA Rewards for Cardano Meme Coin Creators

The Cardano-based launchpad says token creators can earn ADA from trading activity, with fees set at 0.3% before graduation and 1% after graduation.

ADA

Summary

Snek.fun, a Cardano-based meme coin launchpad, has introduced creator fees that let token creators earn ADA directly from trading activity on the platform. According to the announcement, creators receive 0.3% of trading volume before token graduation and 1% after graduation. The change adds a built-in revenue mechanism for projects launched through the platform, tying creator earnings to market activity.

Terms & Concepts
  • ADA: The native cryptocurrency of the Cardano blockchain, used for transactions, fees, and network-related activity.
  • Trading volume: The total amount of an asset bought and sold over a given period, often used to measure market activity and liquidity.
  • Token graduation: A platform milestone that marks a token’s progression to a later stage, after which different trading or fee conditions may apply.