Trends
A trend is anything people follow: a brand, a show, a scene, an aesthetic, an idea. Each trend on Noise has a page, a curator, and its own tokens.Every trend has its own tokens
When a curator launches a trend, Noise creates 100 million tokens for it on Base, a public blockchain. Noise pays the cost of the launch. All 100 million tokens go into the trend’s pool. The pool is a public contract on Base. It holds the unsold tokens and the USDC paid for the tokens already bought. No tokens are allocated at launch, including to the curator or to Noise. Every token in circulation was bought from the pool.How the price moves
The pool sets the price. A buy removes tokens from the pool and raises the price. A sell returns tokens to the pool and lowers it. Every trend starts at a $10,000 valuation, a price of $0.0001 a token. Every trend launches on identical terms: 100 million tokens placed in its pool at the same starting price. No trend begins with an advantage. Every buy and sell settles directly against the pool, so an order never waits for a counterparty. Larger buys move the price further than smaller ones. See price impact.Fees
Every buy and every sell pays a 1% fee. It is split three ways:
The split is written into each trend’s pool at launch. Noise can’t change the curator’s share later, and can’t redirect it.
The fee is higher in a trend’s first ten seconds. It starts at 80% at launch and falls steadily to 1% over those ten seconds, where it remains.
This protects new trends from sniping: automated buyers purchasing the instant a trend launches, before anyone else has a chance to see it.
Each buy and sell also pays a small network fee. See What you pay.