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Bags · B2C · crypto token trading app

Pay token creators 1% of every trade, not just the launch

Unknownpricingpartnerships

What they did

Bags' token launchpad lets anyone create a coin and gives the creator a 1% royalty on every trade rather than only on the liquidity-pool transaction; e.g. $2M of volume earns the creator $20,000.
Stage
growth

In their words

Hunter Isaacson - Meet The Guy Who Solved Growing Apps

Play from 22:47
22:45

HostI guess my main question is, how does this make money?

22:47

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.

23:12

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.

23:27

HostI wanted to ask you about a very specific idea, and I want to talk about a specific app and just get your take on it. This is a recipe sharing app. Basically, you scroll through Instagram. There's a share button that pops up. When you click share, the ReciMe icon, like the app icon is right there, and you can share it to the ReciMe app. The ReciMe app scans the video, like the TikTok or the Instagram, and then it generates a recipe with all the …

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Tags: creator-royalty, launchpad, crypto