The bagholders take over.
Lose 1 NEAR or more on a single $CTO sell and you mint one of 500 CTOads. When the last one is minted, the community takes over: CTOad holders split 100% of trading fees, forever.
0 / 500 CTOads minted
Until all 500 are minted, fees go to the deployer. Nothing is split before the takeover.
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Step 1
Buy $CTO
Every buy and sell on the curve pays a 1% fee. The contract records what you spent.
Step 2
Sell at a loss
If one sell loses 1 NEAR or more against what you paid, you mint the next CTOad.
Step 3
The takeover
When CTOad #500 mints, the deployer's cut ends. From then on, every fee is split 500 ways.
Step 4
Claim
Each CTOad has its own account where its fees collect. Whoever holds the CTOad claims them.