Heaven self-built AMM mechanism achieves revenue, the LIGHT token flywheel effect becomes apparent. This article is sourced from the article written by dpycm, organized, translated, and authored by TechFlow. (Background: Pump.fun accused of gambling organized crime! Executives from Solana Labs and the foundation are defendants, and the MEV player Jito is not spared.) (Background Supplement: Pump.fun rebounds over 60%, Group Coins may become the decisive factor in this Meme competition.) May light illuminate the path ahead. If you have been following my X or Telegram, you may have already seen my views and some notes regarding $LIGHT. This article is just to organize my current thoughts and paint a more complete vision for those who want to understand Heaven. Initially, I talked about Heaven after its market cap stabilized at around $18 million, which is understandable because a failed TGE (Token Generation Event) led to issues (Dexscreener at that time showed an index of $30 million). So, what exactly is Heaven? Heaven, supported by the hackathon department Colosseum of the Solana Foundation, is a launch platform and automated market maker (AMM) aimed at solving deep-seated industry problems. Its founder peacefuldecay wrote an in-depth analytical article (strongly recommended to read). Give me light. In token transactions with a market cap exceeding $100,000, Heaven can capture approximately 5 times more revenue per transaction than Pump.fun, with no additional cost to users. From peacedecay's TG: Some people are curious how this is achieved. In short: LP (Liquidity Provider) fees are an outdated AMM (Automated Market Maker) mechanism, rooted in Ethereum's similar “seed sharing” concept — “If we each contribute a little for liquidity, we can share wealth with every USDC transaction!” However, your earnings per transaction might only be 0.04%, or some random DeFi old-school mechanism. In reality, apart from thickening LPs with trading volume, there is no reason to still use LP fees in the main pool for Meme or ICM. I prefer to thicken LPs algorithmically as prices rise, so we know it will scale well. What’s the result? We are 5 times higher than Pump's fees, feeding back into the flywheel effect, with no additional cost to users. No other Launchpad can do this, as they are basically paying Meteora and Raydium a 0.3% fee to process transactions. And we are Meteora and Raydium. This is why we remain so profitable even with low trading volumes and do not charge users extra fees. In the case of a market cap over $100,000: On the Pumpfun platform, users pay approximately 0.30% per exchange: 0.2% to LP (Liquidity Provider), 0.05% to Pump, 0.05% to creators. On the Heaven platform, users pay 0.25% to 0.5% per exchange, depending on whether it’s a community coin or a creator coin. 100% of these fees will feed back into the flywheel effect of $LIGHT (or related tokens). What is the result? The chart above: Trading volume; the chart below: Revenue. Heaven's trading volume is lower than Bonk, but its revenue is 10 times that, while having equally thick liquidity pools (LPs), and no additional costs passed on to users. This is the difference: the difference between launching a Raydium wrapper in 3 days and building an AMM (Automated Market Maker) from scratch over 6-7 months, then launching a wrapper on top of it. A complete tech stack, full ownership, and 100% of the revenue is fed back to $LIGHT. Heaven also possesses the capability to resist MEV (Maximum Extractable Value) and sniper trading! Flywheel Effect. Within about 3 days of launch, Heaven has burned $1.2 million worth of $LIGHT through the flywheel mechanism, accounting for about 3.6% of the circulating supply. Next, let’s take a deep dive into its tokenomics model. Tokenomics. Total supply cap: 1 billion tokens. Genesis ICO (50%): For public issuance during Heaven's Genesis phase. Team (20%): Allocated to the founders and team members of Heaven. Community (10%): Used for Heaven's incubator program and community rewards. Investors (5%): Allocated to investors and advisors. Liquidity (5%): Used to fund initial DEX (Decentralized Exchange) liquidity for Heaven and future CEX (Centralized Exchange) liquidity. Foundation (10%): To support the ongoing operations of Heaven Labs Foundation (including salaries, audits, listings, etc.). The foundation's expenses will be disclosed quarterly. Genesis ICO (50%): Fully released in advance, no lock-up. Team (20%): Two-year linear release (gradual unlocking). Community (10%): Two-year linear release (gradual unlocking). Investors (5%): Two-year linear release, of which: 2.5% allocated to Colosseum mechanism release. 1.7% allocated to Strategic Pool 1. 0.3% manually allocated by the team. 0.1% allocated to Strategic Pool 2. Liquidity (5%): 2.5% initially unlocked, the remaining 2.5% locked until needed for CEX (Centralized Exchange) listing (gradual unlocking). Foundation (10%): Two-year linear release (gradual unlocking). This means that the initial circulating supply is about 55%, gradually unlocking linearly over time. According to the current revenue pace, these unlocks are effectively absorbed by the flywheel effect. Starseed. Starseed is Heaven's ecosystem initiative, similar to Pumpfun's Glass Full Foundation. Starseed will focus on supporting and enhancing outstanding projects on Heaven, including ICM, meme, and various types of tokens. With Starseed officially launching tomorrow, more updates will follow. This incentive program is expected to further drive interest in Heaven and enhance the vitality of its ecosystem projects. Valuation Gap. Heaven's current daily revenue is about 25% of Pumpfun's, but its valuation is 35 times smaller than Pumpfun's (as of writing, Pumpfun's valuation is $3.5 billion, Heaven's valuation is $100 million). This makes $LIGHT an extremely attractive trading option, as the repurchase efficiency of $LIGHT is almost...

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