Bank of Bags — How It Works
Bank of Bags is a token launchpad built on Bags.FM. Launch your BagsApp token in minutes, and let the community stake it to earn a share of trading fees.
Launching a Token
Anyone can launch a token through Bank of Bags. Here's what happens:
- Connect your Solana wallet (Phantom, Backpack, or Solflare)
- Fill in your token details — name, ticker, description, and an image
- Optionally set an initial buy — purchase some of your own token at launch
- Click Launch Token and approve the transaction in your wallet
Your token is live on BagsApp in seconds. It immediately appears on Bags.FM and is tradeable by anyone.
Fees
Every token launched through Bank of Bags generates trading fees on every buy and sell — this is standard across Bags.FM.
100% of those fees flow to the Bank of Bags vault automatically. This is enforced on-chain at launch and cannot be changed by anyone, including the token creator.
Those fees are what fund staking rewards for the community.
Vaults & Staking
Every token launched on Bank of Bags will have its own Vault — a staking pool where holders can lock their tokens and earn a proportional share of the trading fees that token generates.
- The more you stake, the larger your share of rewards
- Rewards are paid in SOL
- Unstaking options will be available at 24 hours, 3 days, and 7 days
