Bags · B2C · crypto token trading app
Give most of the 1% trading fee to whoever invited or tipped off buyers
What they did
- Stage
- growth
In their words
Hunter Isaacson - Meet The Guy Who Solved Growing Apps
HostI guess my main question is, how does this make money?
Hunter IsaacsonSo, it makes money off of transaction volume. Whenever there's a big spike in on-chain volume, we make a a 1% fee on transactions, and then we pass back the majority of that fee to your friend who invited you to the app, or if you're in a group chat, someone posts a token, you buy it from them, then they'll earn some of that commission, as well. And then, we also have a token launchpad product where you can create your own coin, launch it. Our spin on it, though, is we do a 1% royalty.
Hunter IsaacsonNot just earning on the LP transaction, actually earning like on every single trade. You could run up $2 million of volume and you'll make $20,000 really easily, really fast. And we're also building like pretty crazy things I can't talk about right now, but it will make it even better.
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Tags: fee-sharing, group-chats, crypto