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.
📁Dynamic Fees
Buy fee starts at 10% when the curve is empty and decays linearly to 1% as the curve fills toward 99% mint. Sell fee mirrors it: 1% → 10%. Every state change moves the rate; you can read the live numbers in the stats grid above. Early sellers exit cheap; late sellers pay heavy. Early buyers pay heavy; late buyers ride free. The curve picks a side as it ages.
📁Every Fee Is Consumed
Every fee — buy or sell — feeds back into the program. A scheduled, atomic transaction does a curve buy and burns the minted tokens in the same instruction. sol_burned and tokens_burned grow on-chain, readable by anyone. The supply only goes down. The "Last Buybacks" panel above shows the proof.
📁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
Fees accumulate on the vault PDA. The destination of withdraw_fees is a single address pinned at initialization — it is immutable and only that address ever receives lamports from this ix. Anyone can trigger the withdraw, but no one can redirect where the lamports land. The buyback cycle reads from that same address; the rest goes ambient.