SHAREPAWS litepaper
$PAWS is a community cat token on Cardano. Hold it and you get a share of its trading fees, paid in $SOLADA.
What it is
SHAREPAWS is a community project built around a tiny fluffy cat with a leaf on its head. Its token, $PAWS, runs on Cardano mainnet and was launched on Solada. $PAWS was one of the first tokens on Solada to graduate to Minswap.
The idea
On most meme tokens, the fees from trading go to whoever made them. $PAWS was set up the other way around: 100% of the share Solada gives to holders goes to holders. That was the point of the token from day one.
How holders earn
- Hold $PAWSYour share grows with the amount you hold.
- $PAWS gets tradedEvery trade of $PAWS creates fees.
- Fees buy $SOLADASolada uses the $PAWS fees to buy $SOLADA, which adds buying demand.
- Holders get $SOLADAShared daily, 100% to holders.
Solada lets a token collect trading fees and reward its holders with another token. For $PAWS, that token is $SOLADA. How much you receive depends on how much $PAWS you hold and on how much it is traded. If trading is quiet, there is less to share.
$PAWS also supports $SOLADA. Solada already uses part of its own launch fees to buy $SOLADA, add liquidity for it and burn it, and to reward $SOLADA holders in ADA. $PAWS adds to that: every $SOLADA bought with its fees adds demand, which supports the price, and since it is paid out to all holders, it reaches many wallets and helps spread the launchpad's token to more people.
Ecosystem
The burn
Every swap on PAWSWAP pays a 0.5% fee. The fees are collected in one wallet. The collected fees buy $PAWS, and that $PAWS is sent to the burn address, which removes it from circulation for good. Fewer tokens in circulation means each remaining token is a bigger slice of the total.
You can check all of it on PAWSBURN, where each burn links to its transaction on Cardanoscan.
Tokenomics
- Network
- Cardano mainnet
- Total supply
- 1,000,000,000 $PAWS
- Dev wallet
- 94.7M $PAWS, all locked.
- Total locked
- 125.91M $PAWS (12.6% of supply), across all wallets that locked.
- Policy ID
- af09d30686b76e9b360d330c4f0d64abbc088de229ee7e05b6bdf434
- Asset name
- PAWS-2 (hex 0014df10504157532d32).
Launch and graduation
$PAWS started on Solada, where it traded on a bonding curve: a price that rises as people buy. Once enough was bought, the token graduated and trading moved to its own pool on Minswap, a Cardano DEX. That pool charges a 2% pool fee. $PAWS trades there today.
Solada is custodial. It holds the reserve of each token, so holding a token from Solada means trusting Solada with the backing.
Roadmap
No fixed dates and no big promises. The plan is simple: keep PAWSWAP, Trenches, Portfolio and PAWSBURN working and improving, keep the burn running, and keep growing the community of holders.