according to the website - By 36crypto
Heaven, a launchpad and automated market maker based in Solana, is changing the way it unlocks its team tokens. On Saturday, the project announced that token distribution will now be based on a one-year cliff period, unlike the previous linear release.
This decision comes against the backdrop of continued significant growth in trading activity and platform revenue. Onchain analyst @adam_tehc calculated that since its launch on August 15, Heaven's trading volume has reached nearly $350 million, with revenue around $3.8 million.
Heaven directs 100% of protocol revenue towards the buyback of its native token LIGHT. This mechanism, called the 'god wheel', aims to create sustainable demand and strengthen community trust. This model quickly propelled Heaven to the position of Pump.fun as a leading competitor in daily revenue.
According to Dune data, three out of the five most valuable tokens launched last week were hosted on Heaven. This indicates a growing market interest in the platform and serves as a catalyst for launching Solana-based tokens.
In comparison, Pump.fun has already surpassed the $800 million mark in total revenue since its inception, thanks to a recent surge following the launch of its own token. Its expansion continues to provide an edge over competitors like LetsBonk, which promotes the BONK meme coin ecosystem based on Solana.
Heaven clarified that the revised token release plan ensures that team incentives align with the growth of LIGHT and the ecosystem. Vesting will commence monthly on the first day of the month, with a one-year pause before token release begins.
The project noted that this change is part of its intention to maintain structural balance and sustainable growth. Heaven will postpone the unlocking of team tokens to strengthen trust and emphasize the long-term role of LIGHT.
The updated vesting plan for Heaven emerged as the platform has firmly established itself among the leading launchpads on Solana. With revenue growth and buybacks driving LIGHT, the project is formulating a strategy to ensure long-term stability.
