An upcoming token launchpad in Solana plans to drive users and quantities on its platform by focusing on something it says is important to microcap entrepreneurs: token prices have climbed.
Put a fair launch, creator fees and community friendly features in the backseat. The token Mill, which launches on Thursday at 16:00 UTC, has a design that is not trying to be fair or cheaper. Instead it focuses on the volatility of tokens when they are issued, providing entrepreneurs for a reason to use the service and drive fees for the platform in doing so.
The token Mill came from the team behind the avalanche dedicated to Joe and Mantle dedicated to Merchant Moe. In 2021, Trader Joe was among the largest decentralized exchange (Dex) By volume and mindshare, but got a hit at the user base after a general transfer of liquidity and users away from the avalanche in favor of Solana and newer ecosystem, such as the base.
Solana’s Pump.Fun, the head of token release platforms, has been almost unnoticed since it began in early 2024. The model of the platform-instant creation token, immediate liquidity, and a flat 1% fee-generated $ 800 million in annual income and became a cycle killer app.
Competitors such as Bonk.Fun, Bagsapp, and Heavendex have tried to win market sharing in income sharing schemes and purchase promises, but each one fades after a short flow.
In the middle of the token mill is a mechanic called the King of the Mill. Tokens are divided into three market-cap-cap–chape ($ 50,000- $ 250,000)Silver ($ 250,000- $ 1 million) and gold ($ 1 million- $ 10 million). Every 30 minutes, the tokens in each tier battle for the crown, with the winner decided on the amount of trade in the last minutes of the spin.
The twist is that platform fees from that round are used to buy and burn the winning token, creating a feedback loop of visibility and price spikes.
The pitch is that a large runner can trigger a chain of smaller. Each breed attracts more traders pursuing the crown, each crown generates new fees, and each purchase-and-burn sets the stage for the next pump. In theory, the wheel does not stop the cone.
“The nature of this flywheel also means that a big runner is enough to produce a dozen smaller, creating an ecosystem where everyone eats,” the founder @cryptofishx wrote to X. “Trickle down economics.”
The token mill also increases its own rotation with bonding curves. Instead of forcing a token to move to the center by its lifecycle, the platform combines two uniswap V3-style pools into a single curve: one running up to 80% of the supply is minted, and another active after imitating a end phase.
The goal is to bring tokens from launch to maturity without interruption
The question is whether any of these can dominate the pump.fun. But the token mill will bet that if the loop volatility works as intended, it can engrave space in an ecosystem where every trader hunters the next runner.
“Every 30 minutes, this cycle resets the meaning that there is always another chance for a runner to appear. The more tokens are competing, the more volume flow, the stronger the bombs, and the faster the flywheel spins,” announced the token mill.
But Solana’s trenches have seen many experiments come and leave. If this flywheel is long long to assess the moment the first crowns are claimed.
