Where the money actually goes
Every coin here is a Meteora bonding curve with a person written into it. This page is the whole mechanism, in the order you'd ask about it: who gets the money, how it gets there, and what a trade costs along the way.
Start here
A coin has a recipient written into it at launch. People buy and sell it on a bonding curve. A fixed share of every trade is set aside, and the biggest part of that leaves the chain entirely and arrives as a donation, gifted subs, or a sponsorship.
A payout means somebody on our team turning SOL into dollars and spending it in the right place. The rest of this page says exactly how, for every kind of recipient, including what each platform keeps on the way through.
Getting it to a person
The recipient's share leaves the chain differently depending on who the coin is for. Pick one to see the whole path, what a person still does by hand, and what proof you get at the end.
Charity
A bank transfer to a registered nonprofit, with the receipt posted on the coin page.
- Fees build upIn the pool vault, as SOL
- ClaimPartner claim, on chain
- MovedInto the payout wallet
- Cashed outa person does thisSOL to dollars
- Batch weeklyACH has fixed overhead
- Bank transfera person does thisStraight to the nonprofit
- NonprofitNothing lost to fees
Right now
Batched once a week and sent by bank transfer rather than card, so none of it is lost to processing. The acknowledgement or tax receipt goes on the coin page.
What we're building
The easiest one. ACH is an ordinary payments API, so once the cash-out is in place this runs start to finish untouched.
- It arrives as
- A bank transfer to the nonprofit
- How SOL becomes that
- SOL to USD, then ACH, so nothing is lost to card fees
- When it goes out
- Batched weekly, because ACH has fixed overhead per transfer
- Not below
- $100. Under that it keeps building up.
- Your proof
- The acknowledgement or tax receipt, published on the coin page
What a trade costs
Whoever launches a coin picks a share between 1% and 3%. It applies to buys and sells alike and it never changes, from the first trade to long after the coin opens up onto the open market.
A launcher can buy some of their own coin in the same transaction as the launch. It can't be front-run, because the pool doesn't exist until that transaction lands, and it pays the same share as any other trade, which makes a dev buy the first money on its way to the recipient. One quirk: the rate lives on a shared config, so the first coin at a given rate costs slightly more to launch than the ones after it.
Who gets what
Meteora takes 20% of every fee before any of it reaches us. That is the cost of using the curve and nothing we set can change it. What's left divides two ways, and there is no third share.
On chain there is one account per coin. The whole fee builds up in that one vault, which we collect, and both shares are paid out of it and recorded against the coin that produced them.
Worked example, on $1,000 of trading through a coin set at 2%. Volume rather than one buy, because a fee is a percentage and one trade is too small to show anything once it's split. Buys and sells both count.
If a coin points at you
Between a trade and you receiving something, five things happen.
- 1Fees build up in the coin's vault, in SOL, as people trade.
- 2We collect the vault on chain. That collection is public and linked from every payout.
- 3The SOL becomes dollars, on a card or by bank transfer depending on where you are.
- 4It's spent where you are, held first if the route says to wait for the right moment.
- 5The receipt goes on the coin page, linking the on-chain collection and proof you can check.
Once a payout can go, it goes within 24 hours. Where you have to claim it first, it waits 30 days. After that it goes to the coin's holders instead, and nobody, including us, can send it anywhere else.
How to check us
Every payout carries two links: the on-chain collection that funded it, and proof hosted by somebody who isn't us. Gifted subs show in a channel's gifter list. A GoFundMe donation shows on the campaign page. A Sponsors payment shows on the maintainer's page.
Things that can't change, including by us
- Who a coin is for. Nobody can move it, us included.
- A coin's share. It is set once, at launch.
- Unclaimed money goes to the coin's holders after the claim window, never to us.
- We never imply a recipient endorses a coin. Anyone can launch for anyone, which is the point and also the risk.
- Your share as a launcher is held by us and shown against your coin, so what we owe you is always visible.