How BIBO works
Follow a project from its first trade to the fees and rewards that help keep its market active.
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A launch becomes a trading pool
A creator launches a Meme token. Its first buyers and sellers trade on a bonding curve, a pricing rule that adjusts as tokens are bought and sold. When the launch reaches its target, the funds raised and an allocation of project tokens establish its first liquidity pool. This transition is called graduation.
People keep the same Meme token. Once the new pool is ready, they trade through it. Other participants can add assets to that pool and become liquidity providers, or LPs.
Rewards give people a reason to supply liquidity
A trading pool needs assets on both sides of the pair so people can buy and sell. LPs supply those assets. More useful liquidity can make larger trades easier to execute with less movement in price.
BIBO uses its own token as a liquidity reward. People who lock BIBO vote to direct a shared reward budget among eligible pools. LPs participating in the incentive program earn the rewards released to their pool. These BIBO rewards are called emissions: tokens issued under the protocol's reward schedule.
Voters receive the eligible trading fees associated with the pools they support. A project can also offer voters an additional incentive to attract their support. LPs contribute trading capital; voters decide where BIBO incentives should encourage that capital. This division of roles is the ve(3,3) part of BIBO.
Trading gives the loop a reason to continue
A pool that attracts trading generates fees for its voters. Those fees give BIBO holders a reason to lock their tokens and vote for the pool. Their votes direct BIBO rewards to its LPs, giving people a reason to keep supplying liquidity. That liquidity helps the pool serve the next round of traders.
LPs can also lock the BIBO they earn and become voters themselves. As pools develop useful trading depth, new projects gain another reason to launch on BIBO: a route into a market with LPs and voters already participating. Those launches bring the next set of tokens, traders and fees into the system.
Creators and Meme token stakers share project income
The project also has its own fee income. Its additional Creator Fee is charged during launch trading and continues after graduation in the launch's own pool. During the launch, project income also includes its allocated share of the base trading fee.
The project's fixed policy divides this income between its creator and a Holder Fee budget. To join the holder side, a user must stake that project's Meme token. Both sides receive the project's quote asset: the asset paired with the Meme token for trading. The creator can claim its allocation; stakers earn their share gradually as the funded Holder Fee budget is distributed.
A Meme token stake participates in one project's income. A BIBO lock participates in voting and the associated pool fees. A user can take both roles, but each has its own deposit and rewards.
Launchpad revenue creates demand for BIBO
The Launchpad earns protocol fees as projects use its markets. BIBO commits 80% of that realized protocol revenue to buying back its own token and 20% to team operations. All BIBO acquired through the buybacks is permanently retired.
This adds another connection to the flywheel: launch activity funds BIBO purchases, while the LP system gives people reasons to earn, lock and use BIBO. Growing Launchpad revenue increases the buyback budget. The buybacks use protocol income; project fee payouts and the funds used to seed liquidity remain separate.
Follow each fee to its destination
A trade can generate fees for more than one recipient. The table separates the three allocations; each has its own revenue base. BIBO liquidity rewards are funded by emissions, while eligible pool fees are paid to voters.
Pools must be approved to join the incentive program. Their reward budget is limited by both votes and measured trading fees. Rewards can encourage LPs to supply capital, but the loop still depends on traders choosing to use those markets.
| Fee stream | Where it comes from | Where it goes |
|---|---|---|
| Launchpad protocol revenue | The launch fee, the protocol's share of curve fees, and the platform fee in graduated launch pools and platform-fee pools | 80% buys BIBO for permanent retirement; 20% funds team operations |
| Project revenue | The project's base-fee share during launch, plus its additional Creator Fee during launch and in the launch's own pool | The fixed creator share and a Holder Fee budget for Meme token stakers |
| Eligible pool fees | The trading fees assigned to an eligible pool's voter stream | BIBO voters supporting the pool; also measured to limit future LP rewards |