Kaito 现在的 Capital Launchpad 的思路我确实看不懂，整体来说给人一种交暑假作业的敷衍感，在做 Launchpad 这件事上，还有不少值得优化的地方从第一个项目 @EspressoSys 开始就让人匪夷所思，改条款这件事本身就应该是前置的，而非后置的。我能理解项目方融到资了资方背景很好很强大，所以不知人间疾苦拎不清，把 FDV 定价和条款给得特别差，但作为一个有经验也懂市场的成熟 Launchpad，Kaito 自己能不知道吗？Question 1️⃣- Espresso 事后给公募空投这件事存在非常大的不正当性。作为一个 NFT 持有者，我有很大的理由怀疑：通过 Kaito 这次的 Launchpad，Espresso 官方或许将本应该给 NFT 持有者的空投给了自己的老鼠仓- 这是对项目方的疑问：NFT 的空投到哪里去了，地板 0.3 买的 NFT 需要一个交代Question 2️⃣- Launchpad 本应该协助项目方进行公募条款的制定，但在第一个项目之后，billions @billions_ntwk 同样遇到了类似的定价过高情况，在 pledging 阶段中途才修改条款- ...

Promotion & Offer - MEXC Launchpad 上 ETH 的抢购活动正在进行中 [1] - 用户有机会以高达 90% 的折扣购买 ETH [1] Time Sensitivity - 该优惠为限时活动，需要抓紧时间参与 [1]

🚀 Up to 90% OFF $ETH - only on #MEXC Launchpad!Watch our step-by-step video and secure your allocation before it’s gone:✅ Watch the tutorial✅ Follow the steps✅ Lock in your spot👇 Join now: https://t.co/9di8X2iaBo https://t.co/DrFwPBO98g ...

PUMP Surges as Meme Coin Launchpad https://t.co/cSkcnTct9w Regains Top Spot on Solana► https://t.co/rUfQWWj03n https://t.co/rUfQWWj03n ...

Promotional Offers - MEXC Launchpad 提供以高达 90% 的折扣购买 ETH 的机会 [1] - 新用户可享受 90% 的 ETH 购买折扣 [1] - 所有用户均可享受 20% 的 ETH 购买折扣 [1] Limited Availability - 活动名额有限，不容错过 [1]

Promotion Campaign - MEXC 交易所发起 Ethereum Launchpad 参与活动，用户有机会赢取奖励 [1] - 活动要求包括关注 MEXC 官方 Twitter，订阅 ETH，评论 Launchpad 截图并添加指定标签和 UID [1] - 奖励总额为 1,000 美元 USDT，由 20 名幸运用户分享 [1] - 活动时间为即日起至 8 月 14 日 [1] User Engagement - 用户通过参与活动，有机会以最高 10% 的价格购买 ETH [1]

Market Perception & Branding - $PUMP needs a retail PR pivot due to a lack of transparency [1] - $PUMP's brand name is perceived negatively due to extractive actions [2] - $PUMP is now the underdog against $BONK [2] Competitive Landscape - $BONK dominates with 85% market share in daily graduate tokens [3] - $BONK dominates with 82% dominance in volume [3] - $BONK generates 5x the revenue of $PUMP, reaching $1 million [3] $BONK's Advantages - $BONK supported Solana after the FTX collapse and airdropped to the Solana community [3] - $BONK has 50%+ buy backs and burns [3] $PUMP's Challenges - $PUMP users are rekt with no airdrop and an extractive ICO [3] - $PUMP is trading below its ICO sale price [3] - Concerns exist regarding $PUMP's team transparency and continued $SOL transfers to CEXs [1][3]

Market Leadership - Bonkfun leads Solana memecoin launchpads in monthly revenue [1] - Bonkfun surpassed Pumpfun in monthly revenue [1]

Market Share & Growth - BonkFun's market share in the launchpad industry reached a new all-time high (ATH) of 828%, the largest since its launch 3 months ago [1] - Since becoming the industry's biggest launchpad 19 days ago, BonkFun has generated a total of $2673 million in fees [1] - BonkFun generates an average of $141 million daily in fees [1] - BonkFun ends another day with $198 million in fees, surpassing Solana, Ethereum, and Phantom [1] Fee Allocation & Tokenomics - 58% of BonkFun fees are directly used to buy $BONK [1][2] - 50% of fees are used to buy and burn BONK [1] - 4% of fees are used to buy BONK for the Strategic BONK Reserves [2] - 4% of fees are used to buy BONK for the BonkRewards program [2] Market Sentiment - The market views $BONK as a potential repeat of the $HYPE trade [2] - There is an expectation that Bonk's market cap could reach $10 billion+ [2]

Market Share & Community Alignment - Bonk is gaining launchpad market share due to its community alignment, which has aided Solana [1] - Bonk allocates 1% of platform fees to leading pairs launched on Bonk [1] Project Performance & Ecosystem - Useless is a success story inspiring projects to launch on Bonk, but its market capitalization is still only $300 million [1] - Bonk fee creates a flywheel effect for Useless [1]