Still hold Fishwheel, still bullish and here’s why 🧵
@token_mill is created by @cryptofishx and the LFJ team which are not only known for DLMM, but for being a highly credible team on Avalanche.
The fee flywheel for Tokenmill Mill is interesting where all of the DEX fees over the last 30min accumulate and then distribute to the top 3 tokens in the King of the Mill.
Here’s how it works:
There are three tiers based on market cap:
🥉Bronze: $50k–$250k
🥈Silver: $250k–$1M
🏅Gold: $1M–$10M
The token that generates the most volume is crowned King and platform fees from the last round are used to buy and burn that token via a TWAP.
Given that $FSHWHL is already a token which trades on Token Mill, it makes it immediately eligible for Gold KOTM when the platform goes live 4PM UTC this Thursday.
Strong mindshare, good test token, good tokenomics and game theory by the team to support the token which gave them early champions (make people money, and they will forever be there on day 1), and day 1 GTM for a launchpad is mission critical.
Lfjoe.
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