We’re excited to share that Clanker is joining Farcaster!
Clanker is the leading launchpad on Base and home to projects like Bankr, Noice, Bracky and more. We’re thrilled to join forces to make it easier for everyone to create and participate in onchain communities. Farcaster plans to integrate Clanker more deeply into the app. More on this soon.
We have a few updates for the Clanker ecosystem:
Starting today, Clanker protocol fees will be used to buy and hold $CLANKER.
Clanker v0 through v3.1 collected a portion of protocol fees in ecosystem tokens into a fee vault. The Clanker team burned these tokens earlier today, reducing the circulating supply of each.
The Clanker team has also permanently locked roughly 7% of the $CLANKER supply into a one-sided LP to provide additional liquidity, further reducing circulating supply.
I have a Clanker ecosystem token—what's changing?
Existing Clanker ecosystem tokens will continue to work as normal, and you can still create new ones. The only change is a reduced circulating supply for existing Clanker ecosystem tokens due to the treasury burn.
Why were the Clanker ecosystem tokens burned?
Selling tokens would likely have impacted their price. Burning the ecosystem tokens made the most sense from both a legal and tax perspective.
What protocol fees will be used to buy and hold $CLANKER?
Two-thirds of all protocol fees from existing and future Clankers will be used to buy and hold $CLANKER. The remaining one-third will be reserved for taxes.