Understanding Wow: Zora's New Memecoin Platform

Wow is a new memecoin platform and protocol on Base from Zora, in which each token's supply is managed by a bonding curve and creators earn fees over time. The bonding curve mints tokens when users buy and burns them when users sell, and a token graduates to a Uniswap liquidity pool at an 800 million supply, or a $69,000 market cap. Every buy or sell incurs a 1% protocol fee, split 50% to the token creator, 20% to the protocol, and 15% each to platform and order referrers. Five early graduated tokens, including $DREAM and $WOW, had a combined market cap of just over $3 million at the time of writing.