F.A.Q.
📁Bonding Curve
Price is a pure math function of cumulative SOL in. No order book. No LP. No AMM pool to drain. The program is the market.
📁No Liquidity Needed
Buys mint tokens through the curve and burns on sell. SOL is held by the program PDA as reserve. No LPs, no impermanent loss.
📁Always Redeemable
Sells always work as long as there is SOL in reserve. The curve guarantees the price you receive before you trade.
📁Fair Launch
No pre-mine, no team allocation, no presale. The first buyer and the last buyer use the same program.
📁Transparent
Open source. All state is on-chain and readable. Reserve is the vault PDA balance minus accrued fees.
📁Self-Deprecating
When 99% of supply has been minted, self_deprecated flips on-chain and locks. From that moment forward the program cannot create another unit — not by the deployer, not by anyone.
📁Mint Authority
The SPL mint authority is a program-derived address. No human key, including the deployer, can mint or burn outside the curve. Renunciation was performed at initialization in a single irreversible transaction.
📁Fees
A 1% fee is taken on each buy and each sell. Fees accumulate on the vault PDA and can be drained by anyone via withdraw_fees — the destination is hardcoded at initialization and cannot be changed.