Pros and Cons of the 50% Pay-to-Claim Fee on @MemeMax_Fi Pros: 1️⃣ Higher-quality users & community: 100% true. Previous PerpDEX projects (Hyperliquid, dYdX, GMX, etc.) that did free airdrops got absolutely dumped on by farmers at TGE → price crashed hard. Here, if you want to claim a big reward, you have to actually trade → filters out sybils and farmers completely, keeps only real traders who genuinely like meme perps. 2️⃣ Natural volume & depth growth: This is the strongest point of the model. The fee you pay literally becomes revenue + liquidity for the exchange. Many top PerpDEXs today (Drift, Vertex, etc.) use similar mechanics — tiered fee rebates or “trade volume to unlock points” — and their volume is super sticky and sustainable. 3️⃣ Much higher user retention: Classic “claim-and-dump” farmers give up early because they have to actually trade (and take real P&L risk). Real traders stick around long-term because the platform has high leverage (100x on majors, 20–50x on memes), curated listings, and the more you trade → the bigger the rewards. 4️⃣ Massively reduces sell pressure: Rewards can’t be dumped instantly because you have to “buy them back” with trading fees → $M token gets breathing room, price much more stable in the early days. This is exactly why so many new projects are copying “pay-to-unlock” or fee-threshold models. 5️⃣ Insane alignment between users ↔ protocol: Whether you win or lose your trades, you’re paying fees → exchange gets stronger → future rewards get bigger (they already announced multi-season rewards). 6️⃣ Extremely fair to real pro/retail traders: The more volume you do, the more rewards you get back (effectively a huge indirect rebate that often exceeds the fees paid). Cons: 1️⃣ High entry barrier for small retail / newbies: Yep. If your reward is only $100–500, paying 50% ($50–250) in fees is fine. But if you hit a MaxPack worth $5k–10k+, you need tens of thousands in volume to cover the fee → a lot of small players just give up or sell their OG allocation (already happening heavy on OTC markets). 2️⃣ Heavily favors whales & pro traders: Totally true, and this is the biggest downside. Whales have big capital, can generate volume easily (sometimes even profit from positions), while retail has to grind tiny trades or bleed losses → rich-get-richer effect inside the community. That’s why some projects go with 20–30% instead of 50%. 3️⃣ Very market-dependent: Spot on. In a bull market, trading is easy and profitable → 50% fee just feels like “cost of doing business”. In bear or low-vol markets, you hold positions longer, funding fees + slippage eat you alive → tons of people end up deep red just to unlock their reward → feels super heavy. 4️⃣ Creates an OTC market for “reward slots”: Plenty of people who won big MaxPacks but don’t want to (or can’t) trade → sell their slot 30–50% below value to whales (already all over VN and Korean groups). 5️⃣ Risk the team changes the rules post-launch (even though current promises are clear). 6️⃣ Community psychology: A chunk of people were super hyped pre-launch, but once they see the 50% fee reality, they get disappointed and jump to the next “free” airdrop. Conclusion MemeMax’s 50% mechanism is honestly one of the smartest designs right now for building a sustainable PerpDEX, especially in the meme-coin niche (where volatility is insane and projects usually fade or rug). It learned from Hyperliquid’s success (real trading volume required to farm points) and fixed the failures of all the free airdrop DEXs we’ve seen crash and burn. → If you’re a real trader with decent capital and believe in the meme-perp meta → this is an absolutely delicious opportunity (huge potential rewards + backed by a 300M $M grant). → If you’re a small farmer or just chase free airdrops → it’s gonna feel brutal and you’ll probably quit early. What do you think — is 50% too high, or actually perfect? #Kaito #FAQ #Mememax #M