what's token mill?
Token Mill is a decentralized token launchpad built on Solana and Avalanche, specializing in the rapid issuance and trading of memecoins and community-driven tokens through a gamified flywheel that rewards high-volume performers. Its core innovation lies in a 30-minute "King of the Mill" (KOTM) mechanism, where trading fees from each epoch are used to buy and burn the top token by volume, triggering explosive pumps and creating a self-sustaining cycle of speculation and liquidity. Creators can customize bonding curves (exponential, logarithmic, or others) and allocate tokens flexibly, while features like random "god candles" and competitions such as the Shitcoin Olympics distribute prizes to boost virality and community engagement. Positioned as a trader-centric alternative to platforms like pump.fun, Token Mill targets the memecoin trenches by emphasizing fun, uncancellable launches, and real volume-driven rewards, with backing from the ex-Trader Joe team to integrate DeFi, SocialFi, and Web3 infrastructure elements.
Token Mill airdrops fees to communities, offers MON airdrop lottery via Monad launchpad $50 position.
Links
x.com/token_millAirdrops fees to communities and offers lottery entry for MON airdrop with a $50 position requirement on the Monad launchpad.
Token Mill confirmed as a launchpad in the Monad day one ecosystem, alongside other launchpads including nad.fun, bonad.fun, clanker_world, and printr.
Liquidity Book V3 currently in development, new RWA product coming, and Token Mill v2 launching soon with PVE mechanics replacing the god candle buyback system, with expansion planned for Avalanche and Mantle alongside Monad.
Team announces all-in focus on Monad blockchain with new AMM development planned for Q4.
The platform is described as dying along with other token launcher platforms, as the market shifts focus to airdrops, yields, and established prediction/perp markets.
KOTM event resumes tomorrow at 16:00 UTC with a 125 SOL prize to be injected into the winner's chart, and $MILL is ineligible to win again.
Concerns raised about KOTM crowning criteria following the win, with organizers announcing plans to tweak the rules soon.
Multiple KOTM "god candle" buybacks announced: tomorrow's event plus three additional buyback events scheduled for Monday, Tuesday, and Wednesday next week, with no weekend buybacks planned.
Team confirms announcements coming next week detailing a roadmap for Q4 growth.
Mechanics update reduces buyback threshold to 500 SOL (from 1000 SOL) with new winning criteria requiring highest market cap + volume combination, allowing unlimited wins but not consecutively. $fshwhl identified as the main platform runner at $1.3M market cap.
A trader predicts significant price movement with 1000 SOL flowing into the current $600k market cap, while highlighting developer @cryptofishx as a key team member driving the project forward.
The platform relaunches with refined mechanics including 24-hour epochs where winners need both most volume and top-3 market cap, with epochs extending if the pot falls below 1000 SOL. The relaunch is now live with current top 5 contenders competing for the first King of the Mill position.
Launch begins today at 1600 UTC with tomorrow's Crowning livestream, implementing 1000 SOL buyback threshold while warning traders to avoid unsupported platforms due to honeypot dangers.
Full support now available on TELEMETRY and BONKbot platforms, expanding trading and analytics accessibility.
Mooner fishwheel hits bottom at 90k price level with new bids emerging.
Initial trading volume reaches $14M within hours of launch.
New "King of the Mill" feature implements automatic token support mechanism, providing visibility for winning tokens without manual selection.
Project announces migration to Solana blockchain.
Project confirms original development of DLMM technology and reveals origins predating Pumpfun, contradicting previous fork assumptions.
Platform launches Thursday 4PM UTC with 30-minute fee distribution cycles and three-tiered market cap system ($50K-$10M) where highest volume token receives automated buyback and burns.
Project goes live Thursday 4pm UTC.
Avalanche chain leadership rejects launch plans, forcing strategic pivot. Project confirmed as Pumpfun fork with forked DEX component.
New flywheel mechanism enables single successful token to fuel dozen future launches, reducing capital requirements.
New tokenomics system directly correlates trading volume with runner creation, prioritizing volatility over creator fees.
V2 Beta launches July 15 on Solana with invite-only access and new 'King of the Mill' feature. Early access signups begin next week.
Product development reaches 60% completion milestone with marketing push planned for coming weeks.
V2 pitch deck presentations begin with favorable initial feedback from business development calls.
High-risk alert: V2 development focuses on ponzi mechanics and aggressive gambling features with 30-minute intervals.
Protocol V2 upgrade scheduled for Summer 2024.
Project pivots from failed V1 to V2 with novel competitive approach in pumpfun sector.