Fees and Buybacks
Unlike other platforms, Fwog's fees are not extractive. They flow back into the ecosystem through buybacks and creator rewards.
Fees
The platform takes fees on all transactions. These fees consist of the following:
Token buybacks: Transactions on a token are taxed with a protocol fee collected in $SOL, which is straightaway used to buyback the token. Bought tokens get locked away reducing the supply, creating a higher floor price.
$FWOG buybacks: Every transaction on the platform takes a $FWOG fee which is immediately used to buyback $FWOG, pushing the platform's token price higher.
Creator fees: TikTok and Twitter/X influencers can claim rewards on their tokens at any point. However, there is a generous time limit as after 6 months unclaimed influencer fees will be automatically used on $FWOG buybacks.
Token buybacks
$FWOG buybacks
Creator fee
Regular Tokens
4%
1%
-
Fwogtok Tokens
3.5%
1%
0.5%
Prediction Market Tokens
4%
1%
-
Twitter/X Tokens
1.5%
2.4%
3%
Legacy Tokens
-
-
-
Each token also has a 0.25% liquidity fee which is the minimum possible for Meteora.
Buyback impact
The image below shows the massive impact of token buybacks. On this token, a whopping quarter of the supply was permanently removed from circulation. Those are tokens that can never be sold again, only pushing the floor price higher.
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