The rules are the product.
Every rule below is enforced by the program, on every coin, for everyone. None can be switched off by a creator or by us.
One price
Everyone in a launch pays the same: what was raised divided by the batch. Ordering first buys nothing. The price shown is the worst case, with the raise full.
Bundles struck
Before the open, wallets proven to be one actor are struck and refunded in full: same funder (through up to 4 disposable hops), same fee payer, or one funding another. The largest stays; exchanges don't count; above 5 strikes and 30% of a book, a human reviews instead. The proof's hash is stored on chain.
3% per wallet
No wallet can end with more than 3% of the supply from the batch. The cap holds at the open whatever the order of the book.
Full refund
Below the minimum raise at the open, every lamport goes back, no pool, no fee. If the pool never opens, everyone takes their SOL back 24 hours later.
Locked liquidity
The pool opens on Meteora DAMM v2 at the open price, and its position is locked forever. A 30% fee decays to 0.5% over the first hour, so dumping the open pays.
Dev Lock
The creator orders in the same book, can hold at most 5% (7-day cliff, 30-day vest) and takes no fee before 24 hours. A coin dead within a day pays its creator nothing.
No clones
A ticker can't launch again for 24 hours. Enforced by the program, not by a list.
The agent
Every coin gets an agent paid by its pool fees. It can only collect fees and buy back and burn, at most 1% of the pool every 10 minutes, and writes why on chain. It cannot withdraw, sell or send.
Contracts
- EVEN program (devnet)
- FairCboJFDb5VcjKvhDNoRUtsGLczG1CUUNMKx4qNyqp
- Meteora DAMM v2
- cpamdpZCGKUy5JxQXB4dcpGPiikHawvSWAd6mEn1sGG
Not audited yet. Test networks only until it is.