How it works
Where fees come from
Every trade of a Pons coin pays a fee. Part of it goes to the coin's vault, and from there to the passes.
Pons charges a fee on every buy and sell of a coin. Cassa doesn't add to it. Cassa only changes who receives the creator's part.
A trade on Pons
1 ETH
Pons fee, 1% of the trade
0.01 ETH
30% stays with Pons
0.003 ETH
70% to the coin's vault
0.007 ETH
Pass #1 · 60%
0.0042 ETH
Pass #2 · 40%
0.0028 ETH
Step by step
- Someone buys or sells the coin on Pons. Pons takes 1% of the trade.
- 70% of that fee belongs to the coin's creator. With Cassa, that's the coin's vault instead of one wallet.
- The vault splits everything it receives by the passes' shares. A 40% pass is owed 40% of every fee, forever.
The fee waits on Pons until someone claims. Claiming pulls it into the vault and pays the pass holder in the same step.
For about the first 10 seconds after a coin launches, Pons charges a much higher fee to discourage sniping bots. That money also goes to the vault, so a coin's very first numbers can look unusually high.
Creator tax
Coins launched through Cassa have no extra creator tax. A coin you wrap may already have one set on Pons. Its tax goes to the same vault and is split the same way.
How much a pass earns
It depends only on how much people trade the coin. Roughly:
daily volume × 0.7% × the pass's share
A coin trading 10 ETH a day pays its vault about 0.07 ETH a day. A 25% pass would earn about 0.0175 ETH of that.