@EMEF0815

Rebate Pad vs Pons: a launchpad for creators, or a launchpad for holders? Rebate Pad published a second comparison, this time against Pons, a launchpad that has been big on Robinhood Chain. Rebate's framing is simple: Pons built for creators and added a holders option, while Rebate built for holders and added a creator option. Here is how I read the table, and what I would still verify. HOW A TOKEN LAUNCHES Pons starts with a bonding curve. The pool is created once the curve sells out. Rebate goes straight into a Uniswap v4 pool with full liquidity from the first trade. WHAT BUYERS AND HOLDERS GET Buyers: Rebate pays bonus tokens inside every buy, 2 to 9%, on every token. On Pons there is nothing inside the buy. Holders: Rebate pays holders in the pair asset, pushed to wallets, on every token. On Pons holders only get the creator's share, and only if the creator picked Holders at launch. In that mode, payouts are weighted by how long you have held. Rebate does the same by default: 1.5x after 3 days, 2x after 7. WHO GETS THE FEES Creator's cut: on Pons, the creator gets 70% of the 1% fee, plus a creator tax of up to 10%, sent to a wallet, buyback, holders, or an X handle. On Rebate the creator's cut is zero by default, and every fee works for buyers and holders. THE NATIVE TOKENS $REBATE: every fee buys it, burns it, and bids under its price. $PONS: 80% of the Pons share buys and burns it, through a manual TWAP for now. BUYBACKS, TREASURY AND LIQUIDITY Buybacks are built in on Rebate: part of every buy buys the token back, burns some, and bids under it. On Pons they are optional, and bought tokens lock and vest over five years. Rebate locks 7% of supply to pay bonuses, refilled by every sell. Pons has no treasury. Rebate burns 100% of liquidity at launch. Pons locks it in a locker contract. SNIPE PROTECTION Pons applies a 99% opening tax that is gone in 5 seconds, split like any fee. Rebate sends the first-seconds tax into the token's own treasury. WHAT I WOULD VERIFY 1. This is Rebate's own comparison. The Pons column is cited from Pons docs, the launch form, and V2 contracts. I would check each row there before treating it as fact. 2. Zero creator cut by default is great for holders, but my guess is that it also changes who wants to launch on a pad. Creators can earn less here than on Pons. Does Rebate offer a creator option, and what does it look like? 3. A bonding curve and a direct pool are different trade-offs, not just better or worse. A curve can reduce early chaos, a direct pool gives full liquidity from the first trade. 4. The treasury is 7% of supply, locked to pay bonuses. Rebate says it cannot be touched. I would read the contract before relying on that. 5. The snipe tax on Rebate goes into the token's own treasury, but the table does not say how large it is or how long it lasts. 6. Burned liquidity cannot be recovered or adjusted later. Locked liquidity can be unlocked. Which one is better depends on what you value. MY TAKE The comparison makes a clear point: holders first, creators second. Whether that wins depends on whether creators keep launching on it. A pad without creators has nothing to reward holders with. I will keep watching that. Not financial advice. Which question would you check first? 👇 @RebateLaunch