# Diamond Hands

## What is Diamond Hands?

Diamond Hands is a game theory mechanic built into every Bound Launchpad token. It rewards long-term holders with a growing share of ongoing trading fees from the locked LP position.

## How it works

At the end of a mint, tokens are distributed to participants. Any tokens that remain **unsold and untransferred** automatically enter **Diamond Hands status**.

Diamond Hands holders receive:

* A share of trading fees generated by the locked LP position
* A growing share as other holders sell - once tokens are sold or transferred, they **can never regain Diamond Hands status**

## Eligibility

To qualify for Diamond Hands rewards, you must:

* Have minted at least **1,000,000 tokens**
* Hold those tokens without selling or transferring them

## Revenue split

| Recipient             | Share |
| --------------------- | ----- |
| Token deployer        | 50%   |
| Diamond Hands holders | 50%   |

## Example

A token launches with 1B supply. After the mint:

* Alice mints 1M tokens - eligible for Diamond Hands
* Bob mints 2M tokens - eligible
* Carol mints 3M tokens - eligible

All three share 33.33% of trading fees proportionally.

If Bob sells 500K tokens, his remaining 1.5M retain Diamond Hands status. Carol and Bob now hold a larger share of the Diamond Hands pool.

If Alice sells 200K tokens then buys back 300K from the market - her bought-back tokens do **not** count. She falls below the 1M held-since-mint threshold and loses Diamond Hands status entirely.

## King of the Block

The token with the most mints included in the current virtual block is featured as **King of the Block** on the Launchpad. If there's a tie, it's determined by most BTC committed, then by earliest submitted mint.


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