ChainGPT_Pad official X post 2108905422832934989
Updated Oct 10, 2026, 01:32 PM
Fees belong in the numerator too.
Suppose a hypothetical 1,250-token allocation costs 100 USDC plus a 5 USDC participation fee.
105 / 1,250 = 0.084 USDC per token.
Against a 0.10 USDC list price, the reduction is now 16%: (0.10 - 0.084) / 0.10.