Quick look at the new launchpad Heaven and token $LIGHT: 100% revenue return, can it challenge Pump.fun?

Heaven's self-built AMM mechanism achieves revenue, and the LIGHT token flywheel effect is evident. This article is derived from a piece written by dpycm and organized, translated, and authored by Shenchao TechFlow. (Background: Pump.fun is accused of organized gambling! Executives from Solana Labs and the foundation are named as defendants, and even Jito, which engages in MEV, is not spared.) (Background Supplement: Pump.fun rebounded over 60%, Group Coins may become the decisive factor in this Meme competition.) May the light illuminate the path ahead. If you've been following my X or Telegram, you may have already seen my views and some musings about $LIGHT. This article is just to organize my current thoughts and to paint a more complete vision for those who want to understand Heaven. Initially, I discussed Heaven when its market cap stabilized at around $18 million, which is understandable as a failed TGE (token generation event) led to issues (Dexscreener's index at the time showed $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 issues in the current industry. Its founder peacefuldecay wrote an in-depth analytical article (highly recommended reading). Give me light. In token trades with a market cap exceeding $100,000, Heaven can capture about 5 times more revenue per transaction than Pumpfun, with no additional costs to users. From peacedecay's TG: Some are curious how this is achieved. In short: LP (Liquidity Provider) fees are an outdated AMM mechanism, rooted in Ethereum's concept of 'seed sharing' — 'If we all contribute a little for liquidity, we can share wealth every time USDC is traded!' Yet, the revenue from each of your transactions might only be 0.04%, or some random DeFi old-school mechanism. In reality, there is no reason to continue using LP fees in the main pool to handle Meme or ICM, aside from making LP thicker with transaction volume. I prefer to make LP thicker through algorithms as prices rise, thus ensuring it scales well. What is the result? Our fees are 5 times higher than Pump's, feeding back into the flywheel effect, with no additional costs to users. No other Launchpad can achieve this, as they are basically paying Meteora and Raydium a 0.3% fee to handle transactions. And we are Meteora and Raydium. This is why we remain so profitable even with low trading volumes, and do not charge users additional fees. With a market cap exceeding $100,000: On the Pumpfun platform, users pay about 0.30% per swap: 0.2% to LP (Liquidity Provider) 0.05% to Pump 0.05% to creators On the Heaven platform, users pay a fee of 0.25% to 0.5% per swap, depending on whether it is a community coin or a creator coin. 100% of these fees are returned to the $LIGHT flywheel effect (or the flywheel effect of related tokens). What are the results? Upper image: trading volume; lower image: revenue. Heaven's trading volume is lower than Bonk, but its revenue is 10 times that, while having equally thick liquidity pools (LP), with no extra costs passed onto users. This is the difference: the difference between launching a Raydium wrapper in 3 days and building an AMM (Automated Market Maker) from scratch in 6-7 months, and then launching a wrapper on top of that. A complete tech stack, full ownership, and 100% of the revenue goes back to $LIGHT. Heaven also possesses the ability to resist MEV (maximal extractable value) and sniper trading! Flywheel Effect Within about 3 days of going live, 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 delve 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%): for Heaven's incubator program and community rewards. Investors (5%): allocated to investors and advisors. Liquidity (5%): for funding Heaven's initial DEX (Decentralized Exchange) liquidity and future CEX (Centralized Exchange) liquidity. Foundation (10%): supports the ongoing operations of Heaven Labs foundation (including salaries, audits, listings, etc.). The foundation's expenditures will be publicly disclosed quarterly. Genesis ICO (50%): fully released in advance, with 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, remaining 2.5% locked up until needed for CEX (Centralized Exchange) listing (gradual unlocking). Foundation (10%): two-year linear release (gradual unlocking). This means the initial circulating supply is about 55%, and will gradually unlock linearly over time. According to the current revenue speed, these unlock amounts are effectively absorbed by the flywheel effect. Starseed Starseed is Heaven's ecosystem program, similar to Pumpfun's Glass Full Foundation. Starseed will focus on supporting and enhancing outstanding projects on Heaven, including ICM, memes, 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 Discrepancy 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 nearly...