We discussed a new product idea - Fairpool.

Fairpool is a smart contract that buys & sells its own token. It makes money on the spread between the buy & sell price. When it makes money, it distributes the profits between the current token holders.

Essentially, Fairpool is a combo: liquidity pool + token. It eliminates the need for a separate token.

Also, it prevents the rug pulls, because it only mints new tokens when someone buys them. Of course, the creator can buy the tokens before others, but this way he puts money into the pool. And he can’t get simply withdraw them - he has to sell the limited amount of tokens that he bought.

The most important feature of Fairpool is the profit distribution. Existing token holders have a right to future cash flows of the contract. The contract makes money on the spread between the buy & sell price, and the profit is distributed between the current holders. So it’s just like a regular company - except that its customers are speculators.

Please listen to the AMA & provide feedback 🤝