King of the Mill
The King of the Mill (KOTM) race turns trading fees into fresh injections of capital and energy into the strongest token communities.
Tokens compete in 4-hour epochs to be crowned KOTM. All platform fees from the epoch are airdropped directly to holders of the winning token, boosting the strength of winning communities.
This flips the standard launchpad playbook and refocuses the platform on the people who matter most — token communities. Those which generate hype and volume on the platform are directly rewarded for it with fresh capital flowing back into the hand of holders, resulting in communities that compound instead of collapse.
This format creates constant excitement with a new airdrop always imminent and the community always having a target to rally around.
KOTM Race & Crowning Process
Token Mill runs on epochs with a new King crowned at the end of each epoch. Each epoch is a fresh battleground where token communities rally for volume dominance and market cap positioning. Remaining epoch length will be viewable on the site.
The Crowning At the end of the epoch, both conditions must be true in order to be crowned King:
Hold a Top 3 Market Cap position at the moment of epoch closure
Generate the Highest Volume among the top 3 tokens since the epoch began
The Airdrop
The winning KOTM token receives all epoch trading fees distributed to its holders via a lottery-style airdrop. The process of determining airdrop recipients is as follows:
Wallet must hold a minimum $50 position in the KOTM token to qualify
Snapshot is taken at the end of each epoch
Airdrop recipients are randomly selection amongst all eligible wallets
The MON airdrops are distributed across three prize tiers: Grand, Major, and Small.
The number of winners scale with the total prize pool — larger pools mean more airdrop recipients. Massive prize pools may distribute prizes to hundreds of community members.
Why Airdrop?
The KOTM airdrop mechanic is designed to be MAXIMUM PVE. Winning KOTM is the ultimate community reinvigoration, with fresh energy and capital injected into the hands of its holders. Although not every holder takes home an airdrop each epoch, the entire community benefits when the infusion of fresh capital and momentum hits the chat. Communities that win together, compound together.
Fee Structure
All trades on Token Mill incur a 2% total fee:
1.5% KOTM fee: Used to buy the KOTM tokens
0.5% Token Mill fee: Goes to the platform
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