BAGS

NFTs·Singapore·bags.fm

About BAGS

Bags is a token launchpad and funding platform built on the Solana blockchain. The platform enables users to launch projects and issue tradeable shares. It operates as a bonding-curve-style marketplace where participants can buy and sell shares in listed projects. The platform implements a 1% royalty mechanism on secondary trades, with royalties directed to project creators. This structure provides creators with ongoing income from trading activity on their projects. The platform is designed for individual creators, community-driven projects, and independent founders seeking decentralized fundraising mechanisms. Key components include project listing functionality, share issuance and trading infrastructure, and automated royalty distribution. The system allows permissionless project creation and peer-to-peer share trading without intermediary approval requirements.

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