What is BIBO?
Launch a Meme token, build its trading market and share in the activity around it.
On this page
A home for launches and ongoing trading
BIBO is a Launchpad + ve(3,3) liquidity protocol on Morph. It gives a Meme token a place to launch and a path to an ongoing trading market. A project starts on the Launchpad; once it reaches its launch target, its raised funds help establish a liquidity pool that people can trade through.
Liquidity providers, or LPs, supply the assets in those pools. The ve(3,3) system gives them a reason to keep supplying liquidity: they can earn BIBO rewards, while people who lock BIBO vote on which eligible pools receive those rewards. The voters receive the trading fees associated with the pools they support.
Each project has its own Meme token. BIBO is the platform token described in the full protocol model for liquidity rewards and voting locks. Meme tokens can pair with BIBOCAT, WETH or BGB as each is enabled in the factory, while the BIBO token and ve(3,3) mechanism remain unlaunched.
Why bring these together?
A project needs a place to launch and enough liquidity for people to keep trading afterward. BIBO connects the two: new projects bring traders, rewards encourage people to supply liquidity, and trading generates fees that give participants a reason to stay involved.
This repeating relationship is the BIBO flywheel: liquidity supports trading, trading generates fees for voters, and voters direct BIBO rewards that help attract liquidity. An active market also makes BIBO a more useful place for the next project to launch.
Launch activity also buys BIBO back
80% of all realized Launchpad protocol fee revenue is allocated to buying back BIBO. Every BIBO token bought through this policy is permanently removed from circulation. The remaining 20% funds team operations.
As the Launchpad earns more protocol revenue, more funding becomes available for BIBO buybacks. The money raised for a project's initial liquidity and the fees assigned to its creator and stakers keep their own allocations.
How you can participate
You can create a project, trade tokens, supply liquidity or stake a project's Meme token to participate in its Holder Fee rewards. Each project's fee policy determines how its project income is shared between its creator and Meme token stakers. An additional Creator Fee can keep that income flowing after graduation, from trades in the launch's own pool; other pools for the same token do not charge it.
Holder Fee requires staking the corresponding project's Meme token. Keeping it in your wallet alone does not earn these rewards. Locking BIBO to vote on liquidity rewards is a separate role in the protocol.