what's Bands.fun?

Bands.fun is a platform on the Solana blockchain that enables users to create and invest in "bands," which are onchain exchange-traded funds (ETFs) representing diversified groups of Solana tokens and NFT collections. These bands function as tokenized baskets, allowing for automated strategies that buy, hold, and relist assets to boost liquidity and floor prices in the Solana NFT ecosystem. The protocol supports custom strategies for popular collections, integrating fees that fund buybacks and burns to enhance token value over time. The core mechanic involves launching strategy-specific tokens (e.g., for NFT projects like Mad Lads or Claynosaurz), where initial high fees decrease to prevent sniping, and proceeds support community initiatives or mother token ecosystems. Bands.fun emphasizes a flywheel effect: as bands acquire assets, they become significant holders in collections, driving trading volume and attracting more participants. This approach aims to revitalize Solana's NFT market by providing tools for onchain portfolio management without traditional financial intermediaries. Built for scalability on Solana's high-throughput network, Bands.fun facilitates seamless minting, trading, and migration of assets across marketplaces like Magic Eden. It prioritizes community feedback for iterative improvements, such as adjusting relisting multipliers and integrating soulbound elements for enhanced ownership verification.

Bands.fun enables users to launch their own Creator ETFs.

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