Moxin’s breakdown | gangfun shipped four features in five days: referral fees are live on mainnet, and callers have to stake a bond first
gangfun (@gangdotfun) released seven versions of its command-line tool from 11/5 to 11/10, from 0.31.0 to 0.37.0, rolling out four features: referral fees, capped tax, weekly launches, and call bonds.
The official account has posted about referral fees and weekly launches, but not capped tax or call bonds. Here’s what each feature does and where things stand, in order of release.
🐋 Referral fees: live on mainnet, and tax tokens keep sharing after graduation
When I wrote about this on 11/5, it was still an unmerged PR. The platform multisig executed the upgrade on the evening of 11/7, and it’s now available on mainnet.
- The rules match those in the PR: when creating a token, the dev sets a percentage and can share up to half of their fees, for a period of 7 to 90 days. A new wallet is linked to a referrer if its first purchase includes the referrer’s address; it can’t be changed afterward.
- Example from the official account: for a 10 BNB purchase, the fee is 0.1 BNB and the dev’s share is 0.07 BNB. If the percentage is set to 20%, the referrer gets 0.014 BNB.
- One addition beyond the PR: for tax tokens that don’t have a separately designated tax-collection address, after graduating to PancakeSwap, taxes paid by linked wallets in the pool are also shared with referrers at the same rate, settled once a week. The 11/5 post still said “no sharing after graduation; marked as pending.”
https://bscscan.com/tx/0x12e0090f92ef4ac3e020c1849024a59b9b98d108f5f3288a791b77b8f40bde9b
🐋 Capped tax: the dev’s tax stops once the cap is reached
Tokens on gang can have buy and sell taxes, with one portion going to an address designated by the dev. Capped tax puts a limit on that portion.
- Set a total cap when creating the token. The example in the command-line documentation: with a cap of 20 BNB, half of this tax goes to the recipient before the cap is reached, while the other half is used for buybacks and burns, and adding liquidity.
- Once the recipient has received a total of 20 BNB, all of this tax goes back to the token. In the example, 70% is used for buybacks and burns, and 30% is added to the liquidity pool; the liquidity added is sent to a burn address.
- The cap, percentages, and recipients (up to 10) are fixed at token creation and can’t be changed afterward.
- The cap only applies to this portion of the tax. It doesn’t include the dev’s share of internal-market fees, tokens held by the dev, or holder rewards. The dev can still sell their tokens as usual.
At 23:55 on 11/8, the platform multisig approved the capped-tax factory contract on mainnet. Command-line version 0.35.0 was released at 00:47 on 11/9, making the feature available for token launches on mainnet. The PR says the audit found no medium- or high-severity issues, but doesn’t say who conducted it.
https://bscscan.com/tx/0xbad7622d3fb4458e54483b39b3ec9b44a06c5f1681dda4e36043994b52da3b6d
🐋 Weekly launches: one project a week, launching Friday at 8 p.m.
- Devs apply by signing with a wallet; no on-chain transaction is required. gangfun selects one project each week and announces it Thursday at 20:00.
- The selected dev launches a token on the 3.0 internal market using the application wallet on Friday at 20:00 (UTC+8).
- The selected project gets a pinned spot on the gangfun homepage, posts on the official X and TG, and the top spot on the command-line trending list, for a total of 7 days.
- If the dev sells more than 20% of their holdings during those 7 days, the pin is removed early.
- The official account states that being selected does not mean the platform endorses the project and is not investment advice.
Applications for the first round close at 12:00 on 11/12. The launch is scheduled for Friday 11/13 at 20:00.
gang.fun/weekly
🐋 Call bonds: callers have to put money up first
When an agent buys a token on gang, it can include a public reason that others can follow. Callers can now put up a bond against that statement.
- The bond must be posted within 10 minutes of the purchase. It can be in WBNB, USDT, USDC, or USD1.
- When posting the bond, the caller commits to a holding amount and a duration of 48 hours to 7 days. If the price hasn’t fallen below the threshold by the end of the period, the bond is returned.
- If the caller sells or transfers tokens during the period and their holdings fall below the committed amount, anyone can report it. 1% of the bond goes to the reporter, 50% is burned, and 49% is paid out as compensation for losses to people who followed the call. The caller gets none of it back.
- The settlement party calculates and publishes the list of recipients. The platform multisig has 2 days to veto it.
- When following a call on a token with referral fees enabled, the follower’s wallet is linked to the caller as the referrer by default, though this can be turned off. Since the caller has staked a bond, they can also earn referral fees from the follower’s later trades.
The contract was deployed to the BNB Chain mainnet on the evening of 11/9, and its source code has been verified on BscScan. The contract is non-upgradeable; the platform multisig can only change the settlement party and veto the payout list. Command-line version 0.37.0 was released at 00:20 on 11/10. As of 13:46 on 11/10, there were no bond records on the mainnet contract.
https://bscscan.com/address/0x6d6e4A36e9a231cCc932151cdbFb087Cf3860c3D
……
——
See the full version on X: @musinoot
gangfun (@gangdotfun) released seven versions of its command-line tool from 11/5 to 11/10, from 0.31.0 to 0.37.0, rolling out four features: referral fees, capped tax, weekly launches, and call bonds.
The official account has posted about referral fees and weekly launches, but not capped tax or call bonds. Here’s what each feature does and where things stand, in order of release.
🐋 Referral fees: live on mainnet, and tax tokens keep sharing after graduation
When I wrote about this on 11/5, it was still an unmerged PR. The platform multisig executed the upgrade on the evening of 11/7, and it’s now available on mainnet.
- The rules match those in the PR: when creating a token, the dev sets a percentage and can share up to half of their fees, for a period of 7 to 90 days. A new wallet is linked to a referrer if its first purchase includes the referrer’s address; it can’t be changed afterward.
- Example from the official account: for a 10 BNB purchase, the fee is 0.1 BNB and the dev’s share is 0.07 BNB. If the percentage is set to 20%, the referrer gets 0.014 BNB.
- One addition beyond the PR: for tax tokens that don’t have a separately designated tax-collection address, after graduating to PancakeSwap, taxes paid by linked wallets in the pool are also shared with referrers at the same rate, settled once a week. The 11/5 post still said “no sharing after graduation; marked as pending.”
https://bscscan.com/tx/0x12e0090f92ef4ac3e020c1849024a59b9b98d108f5f3288a791b77b8f40bde9b
🐋 Capped tax: the dev’s tax stops once the cap is reached
Tokens on gang can have buy and sell taxes, with one portion going to an address designated by the dev. Capped tax puts a limit on that portion.
- Set a total cap when creating the token. The example in the command-line documentation: with a cap of 20 BNB, half of this tax goes to the recipient before the cap is reached, while the other half is used for buybacks and burns, and adding liquidity.
- Once the recipient has received a total of 20 BNB, all of this tax goes back to the token. In the example, 70% is used for buybacks and burns, and 30% is added to the liquidity pool; the liquidity added is sent to a burn address.
- The cap, percentages, and recipients (up to 10) are fixed at token creation and can’t be changed afterward.
- The cap only applies to this portion of the tax. It doesn’t include the dev’s share of internal-market fees, tokens held by the dev, or holder rewards. The dev can still sell their tokens as usual.
At 23:55 on 11/8, the platform multisig approved the capped-tax factory contract on mainnet. Command-line version 0.35.0 was released at 00:47 on 11/9, making the feature available for token launches on mainnet. The PR says the audit found no medium- or high-severity issues, but doesn’t say who conducted it.
https://bscscan.com/tx/0xbad7622d3fb4458e54483b39b3ec9b44a06c5f1681dda4e36043994b52da3b6d
🐋 Weekly launches: one project a week, launching Friday at 8 p.m.
- Devs apply by signing with a wallet; no on-chain transaction is required. gangfun selects one project each week and announces it Thursday at 20:00.
- The selected dev launches a token on the 3.0 internal market using the application wallet on Friday at 20:00 (UTC+8).
- The selected project gets a pinned spot on the gangfun homepage, posts on the official X and TG, and the top spot on the command-line trending list, for a total of 7 days.
- If the dev sells more than 20% of their holdings during those 7 days, the pin is removed early.
- The official account states that being selected does not mean the platform endorses the project and is not investment advice.
Applications for the first round close at 12:00 on 11/12. The launch is scheduled for Friday 11/13 at 20:00.
gang.fun/weekly
🐋 Call bonds: callers have to put money up first
When an agent buys a token on gang, it can include a public reason that others can follow. Callers can now put up a bond against that statement.
- The bond must be posted within 10 minutes of the purchase. It can be in WBNB, USDT, USDC, or USD1.
- When posting the bond, the caller commits to a holding amount and a duration of 48 hours to 7 days. If the price hasn’t fallen below the threshold by the end of the period, the bond is returned.
- If the caller sells or transfers tokens during the period and their holdings fall below the committed amount, anyone can report it. 1% of the bond goes to the reporter, 50% is burned, and 49% is paid out as compensation for losses to people who followed the call. The caller gets none of it back.
- The settlement party calculates and publishes the list of recipients. The platform multisig has 2 days to veto it.
- When following a call on a token with referral fees enabled, the follower’s wallet is linked to the caller as the referrer by default, though this can be turned off. Since the caller has staked a bond, they can also earn referral fees from the follower’s later trades.
The contract was deployed to the BNB Chain mainnet on the evening of 11/9, and its source code has been verified on BscScan. The contract is non-upgradeable; the platform multisig can only change the settlement party and veto the payout list. Command-line version 0.37.0 was released at 00:20 on 11/10. As of 13:46 on 11/10, there were no bond records on the mainnet contract.
https://bscscan.com/address/0x6d6e4A36e9a231cCc932151cdbFb087Cf3860c3D
……
——
See the full version on X: @musinoot
