Clanker joins Farcaster ecosystem, launching $CLANKER buyback and deflation mechanism

PANews reported on October 24th that Clanker, the leading launchpad platform within the Base ecosystem, has officially joined Farcaster, further deepening its integration of decentralized social networking and on-chain communities. Farcaster plans to further integrate Clanker into the app in subsequent versions, making it easier for users to create and participate in on-chain communities.

According to the announcement, the Clanker ecosystem will usher in three important updates:

1. From now on, Clanker protocol fees will be used to repurchase and hold $CLANKER tokens;

2. The Clanker team has destroyed the accumulated ecological token fee pool from versions v0 to v3.1 to reduce the market circulation;

3. The team permanently locks approximately 7% of $CLANKER tokens in unilateral LPs to enhance liquidity and further reduce the circulating supply.

In the FAQ, the official clearly stated:

• $CLANKER is not the official Farcaster token, and both parties remain independent;

• Two-thirds of the Clanker Protocol’s transaction fees will be used to purchase $CLANKER, and the remaining one-third will be used for taxation;

• Farcaster itself does not have a token plan yet, and still supports developers and creators through subscription, storage and collection service fees.