King of the Mill
How It Works
Token Mill uses all trading fees across the platform to buy and burn the King of the Mill (KOTM) token, creating explosive pumps on repeat. Every 30 minutes, a new king is crowned for each tier. The trading fees from the previous epoch are used to buy and burn the king tokens, creating consistent buy pressure for the best performers.
Token Mill has three performance tiers, each with its own King:
🥉 Bronze Tier: 50k - 250k market cap
🥈 Silver Tier: 250k - 1M market cap
🥇 Gold Tier: 1M - 10M market cap
The Crowning Process
A KOTM race occurs every 30 minutes. When 5 minutes remain before a new King is crowned, the top 10 tokens for each tier will be shown on a leaderboard as a visual depiction of the race. For a token to become the KOTM, Token Mill uses the following selection criteria:
First, select Top 10 tokens within the market cap requirements for each tier (calculated at time T)
Calculates the volume for each token from [T-5, T]
Selects the king based on:
Primary: Volume
Secondary: Market cap
Tertiary: Creation timestamp (created_at)
Buy and Burn Mechanism
The winning tokens of the KOTM crown are bought and burned using trading fees from the Token Mill platform.
The buy and burn process occurs as a constant TWAP (Time-Weighted Average Price) from 00:05 to 00:25 of each 30-minute epoch.
Fee Structure
All trades on Token Mill incur a 2% total fee:
1.5% KOTM fee: Used to buy and burn the King tokens
0.5% platform fee: Goes to the platform
Creators can opt-out of the KOTM system at any time and earn creator fees instead. This flexibility allows projects to choose between:
Participating in KOTM for visibility and buy pressure
Collecting fees directly for project development
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