Fees
| When | Fee | Creator | Genesis | Platform |
|---|---|---|---|---|
| PRE (first 30 minutes) | 1% on buys and sells | 1/3 | 1/3 | 1/3 |
| POST (after launch) | 1%, 2% or 3%, set by the creator at launch | 70% | none | 30% |
Fees come out of the trade amount, not out of profit, and gas is on top. The post-launch rate is fixed for the life of the market.
Genesis
Genesis is an ETH reward for holding shares during the premarket. It comes from PRE fees and it isn't a token.
How you earn it
During the 30-minute premarket, one third of every trading fee is shared across all shares that exist at that moment, in proportion to how many you hold. You only earn from fees paid after you bought.
Selling early
Selling shares before 00:00 forfeits the Genesis earned on the shares you sell. Sell half and you lose half of what you've earned so far. Sell everything and you lose all of it.
Where forfeited Genesis goes
It goes into a shared pot. After 00:00 the pot is split between everyone who still holds shares, by their final share count. Your own Genesis and your part of the pot are paid in one claim.
Who can claim
The wallet that held the shares at 00:00. Claiming, selling or sending your TOK later doesn't affect it, and buying TOK after launch doesn't earn any.