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Guide

Buying and selling

No liquidity pool, no order book, no counterparty. Every token trades against its own on-chain vault: buys mint from the curve, sells redeem from the vault at the floor or better.

Reading a token page

NumberWhat it means
PriceWhat the next buy mints at. It only moves up, never down.
FloorYour guaranteed exit per token: vault divided by supply. Backed by real SOL or ETH sitting in the vault.
Max lossThe worst case set at launch and enforced by the code. Even the very last seller keeps at least that share.
VaultThe funds that back every exit. It only grows.

Buying

Type an amount and the app quotes the exact token amount you receive. The quote is not an estimate: it is computed by the same on-chain math that executes the trade, so barring someone trading in front of you in the same block, what you see is what mints. The slippage setting protects you if the state moves between your quote and your transaction: your buy reverts rather than filling worse than the tolerance you set. On Auto, the app re-reads the chain the moment you click and sizes the tolerance from recent trading — wide enough that one typical concurrent trade doesn't revert yours (1–5% on buys; 0.1% on sells, since sells redeem at the floor and the floor never drops).

Buys push the price up. The bigger the buy relative to the vault, the more it moves. Splitting a buy into pieces mints the same total as one large buy: the curve is built so nobody gains anything by chunking orders.

Selling

Sells never trade against other people. You burn tokens and the vault pays you their floor value immediately, in the same transaction. Three consequences worth understanding:

  • Selling never moves the price down. The chart has no mechanism to print a red candle.
  • You are never stuck. There is no liquidity to dry up; the vault always covers every token at the floor, all at once.
  • Every sell lifts the floor for the holders who remain, because 5% of each exit stays in the vault while the burned tokens leave. A wave of sellers raises your guaranteed exit.
If every single holder sells, the last exit pays out the whole remaining vault. Nothing is stranded and nobody is left holding an unbacked token.

Fees, all of them

FeeWhere it goes
1% of every buyPlatform.
2% of every buyStraight into the vault: an instant lift to the floor for all holders.
1% of every sellThe token creator.
5% of every sellStays in the vault: sells make the floor rise.

Total: 3% on the way in, 6% on the way out. There are no other charges, and network gas is the only cost on top (fractions of a cent on Robinhood Chain, similar on Solana).

Where the max loss number comes from

The code keeps every token’s backing above the level set at launch (82.5% to 99%). Buy at the worst moment, sell instantly, and the round trip is backing times the two fees: at 82.5% backing that is a 24.8% worst case, at 93.2% backing a 15% worst case. Every unit of volume after your buy can only shrink your personal downside from there. The calculator computes it exactly for any position.

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