Letsbonk Introduces RAY Token Rewards for Solana Token Creators

Letsbonk's new initiative rewards token creators with a 0.05% RAY token incentive based on bonding trading volume, enhancing engagement on its platform.

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Summary

Letsbonk has implemented a reward system where every new token created on its platform will earn a 0.05% RAY token reward based on bonding trading volume, effective immediately. This initiative encourages token creators to engage more actively in trading, with a new website launch anticipated this week to improve user experience.

Terms & Concepts
  • RAY token: The native utility token of the Raydium protocol on Solana, used for various functions including rewards and governance.
  • bonding trading volume: The total volume of trades involving a specific token, which determines the rewards earned through the Letsbonk platform.