I have seen the answer to my previous question here
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Dear
I want to take a moment to acknowledge our collective efforts in enhancing our platform. Our objective to conduct comprehensive testing and refine the platform based on user feedback demonstrates our commitment to excellence and user satisfaction.
By enabling public access for memetoken creators to claim domains and participate in the token burn mechanism, weâre empowering our community and fostering innovation. Tracking token burn metrics and domain claims will not only measure our success but also provide valuable insights into user engagement.
Together, we are paving the way for a more vibrant and participatory ecosystem. Thank you for your hard work and dedication!
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âI recently explored your platform, and it was an excellent experience overall. The domain management features, especially the ability to claim and renew domains, are a fantastic addition. Itâs a powerful and user-friendly approach that adds real value. Keep up the great work!â
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PumpDomains offers a unique and innovative solution to enhance the value of memetokens through custom domains and a token burn mechanism. Best of luck to JustBuilders in making this an essential tool for meme token creators and communities!
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Thank you for your observation! As mentioned, the fees are based on the domain length, ranging from 3 TRX to 10 TRX, supporting our buyback and burn mechanism.
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Thank you for your enthusiasm and great question! Our platformâs deflationary token burn mechanism is designed to reduce the circulating supply of the memetoken over time, thereby helping to support its value.
Hereâs how it works: whenever a user deploys a TLD (top-level domain) or registers a domain, they pay a fee. 80% of this fee is used to buy back the memetoken from the market, and those tokens are then burnedâpermanently removed from circulation. This reduces the total supply, making the remaining tokens potentially more valuable over time. The remaining 20% of the fee goes to the platform as revenue.
This continuous buyback and burn helps create sustained demand for the token while keeping supply in check.
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- Thank you for the clarification! The cost for creating a domain could be up to $100, with 80% of that going towards the buyback and burn of the memetoken, and 20% allocated as platform fees. Weâll provide more detailed information soon, but this estimate gives a good sense of the potential fee structure.
We appreciate your continued interest and engagement!
appreciations for the domain clarification, we all know that some domains might really cost upto a thousand dollars {$1000} depending on the length
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Thank you for your thoughtful follow-up! At the moment, the 20% revenue generated from fees is primarily allocated to cover platform operations, development, and growth. While we donât currently have a specific plan to reinvest a portion of this revenue directly back into the project, we are exploring ways to improve and expand the ecosystem. Future reinvestment could be considered to enhance platform features or create new opportunities for users.
We appreciate your interest and engagementâstay tuned for updates!
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Thank you for the thoughtful question! While the buyback and burn mechanism helps reduce token supply over time, weâve taken several steps to ensure long-term platform viability. Alongside the deflationary model, we focus on creating continuous demand for the memetoken through platform utility. For instance, as more users create and register domains, there will be ongoing demand for the token, helping to balance the reduced supply.
Additionally, weâre considering dynamic fee adjustments and potentially introducing other features that could help stabilize token prices based on market conditions. However, the platform will also be somewhat reliant on market dynamics and user adoption to drive demand for the token, which will be supported by consistent platform updates and user engagement.
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Thank you for your Question. The prices mentionedâ10 TRX for 3-character domains, 5 TRX for 4-character domains, and 3 TRX for domains with 5 or more charactersâare fixed for the testnet. However, we understand that TRXâs price may fluctuate.
For the mainnet, we are still determining the optimal pricing structure. Weâll likely consider a dynamic pricing model that adjusts based on TRXâs market value to ensure fees remain reasonable and sustainable in the long run.
Stay tuned as we finalize the mainnet pricing!
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Thank you for your question! When deploying a TLD, a fee is charged, with 80% of that fee going towards a buyback and burn of the memetoken, while 20% goes to the platform as revenue. The same fee structure applies to registering a domain under a TLDâ80% is used for the buyback and burn, and 20% is retained as platform fees.
The exact fee amounts are still being finalized for the mainnet, but this structure ensures that both deployment and registration contribute to the platformâs sustainability and the token economy.
We appreciate your interest!
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Thank you, looking forward to it all the best
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Youâre welcome! Iâm glad the explanation was helpful. Let me know if you have any more questions or need further details!
Thanks a lot! The support means a lot to us. Weâre excited for the journey ahead and will give it our best.
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Thank you so much for the kind words! Weâre thrilled to hear that you had a great experience with the platform. Your feedback is really encouraging, and weâll keep working hard to deliver even more value. Stay tuned for more updates!
Thank you for the wonderful feedback and support! Weâre excited about the potential of PumpDomains and are committed to making it a valuable tool for memetoken creators. Your encouragement means a lot to usâstay tuned for whatâs to come!
Thank you for answering my questions. Good luck to you
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Itâs quite noticeable how you prioritize utility, way to go!
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Dear @DeltaMint364
Thanks for response me âŠ