Frequently Asked Questions
All your common questions in one place
Is launching on Gochu.fun free?
Yes it's free and always will be! All you have to pay is the Solana transaction fee for using the solana network.
How can I identify a Gochu.fun token?
All tokens launched through the Gochu.fun platform will have the suffix 'chu' at the end of their token contracts! This way you know that creators are rewarded and earn revenue to continue development of their project.
Can you give me a brief outline of costs on the platform?
Yes, the costs on the platform are:
1% transaction fee on buys/sells
6 SOL upon graduation (this is covered through the LP and covers migration costs to Raydium and the 1 SOL bonus to the token creator)
30% on sells if you are selling a token that has anti-pvp enabled. (see: anti-pvp)
The revenue from the platform are passed onto holders of the Gochu token, and creators - rewarding and growing the ecosystem!
How does Anti-PVP work?
In a nutshell, anti-pvp charges early sellers a 30% fee if the token is still bonding. This discourages early sellers and snipers as it is not as economical and promotes holding. The result is a greater chance of token migration to Raydium, and extra protections and safety for later entrants whilst still providing the same benefit for early buyers.
How much can I earn as a Creator?
Creators earn 50% from LP rewards, and 20% of fees generated from general buys and sells. An additional 3.3% of earnings are generated on sells made if anti-pvp is enabled. The more volume a token trades, the more LP rewards are accumulated. These come from marker fees for facilitating the swaps. The greater the trade volume on a token, the greater the rewards.
Can a Creator access LP or withdraw LP tokens?
No. The LP belongs to the tokens community and is locked indefinitely. The advantages of locking is that rewards will be able to be claimed by the creator, acting as a source of revenue as compared to simply burning the LP which results in no revenue.
What is the utility of Gochu?
Gochu is able to be staked to earn a share of revenue from the platform and vote on the critical decisions and directions of the platform. Your share of the revenue will be pro rata based on the amount of other people and tokens staked. (see: Gochu Utility)
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