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live
  1. coins4
  2. splices0
  3. paid0.00SOL
  4. burned1,439,153$splice
  5. next$test
checked every minute

docs

every rule · read from the module the worker runs on

01 · overview

three steps

  1. Launch a coin. One signature and a flat fee.
  2. At 1 SOL in fees it splices. The pad mints it automatically.
  3. 50% of the splice’s fees go to the parent’s holders. Forever, checked every minute.

02 · splices

the bar

A coin splices once the pad has claimed its current bar in fees since its last splice. The bar then resets.

Every 6 hours without a splice, the bars fall by 10%, down to 0.5 SOL. The pad signs every splice; nobody can request or speed one up.

A splice anywhere restarts the drought clock. A coin already making progress keeps its lower bar until its own next splice, so a splice elsewhere never takes its progress away.

default bars
1 · 2 · 2 SOL
lowest bar
0.5 SOL
splices per coin
up to 3

03 · quiet and gone

two states

quiet
Under 0.1 SOL of fees in 24 hours. Cannot splice. Still pays its holders.
gone
Quiet for 30 days. Still pays; nothing else changes.

Both are read from the fees a coin produces, rather than a flag. A coin that earns again stops being quiet on its own.

04 · payout rounds

every minute

Every minute the pad reads who holds the coin. A round pays when the pool has 0.003 SOL of new money to divide, or when 5 minutes have passed since its last round.

Your weight is the smaller of what you held at that reading and at the coin’s previous round, so you have to hold from one round to the next. The pool, less its rent and fee reserve, is divided on those weights.

A share below the sending floor stays in the pool with your name on it and is added to your next share. A wallet holding no SOL is paid once its share covers the account rent.

checked
every minute
longest wait
5 minutes
smallest share sent
0.0005 SOL
pays early at
0.003 SOL

05 · the splits

basis points

a coin with no parent

85% its own treasury15% the pad

a splice

50% its parent’s holders35% its own treasury15% the pad

A coin’s treasury funds its own splices. The pad’s 15% buys its own token and burns it, every 5 minutes.

Every split is written into the coin at the mint, and the admin is revoked in the same instruction. Nothing can edit it afterwards. A coin page reads the split back from the chain.

06 · launching

one signature

  1. Your wallet creates the coin. The pad builds the transaction and sends what you sign. You never hand over a key.
  2. One flat fee, no share. Launching gives you no fee share and no mint key. Network rent and fees come on top; your wallet shows them before you sign.
  3. Buy once the coin is live. The launch form opens its coin page. Your first buy is a separate action after launch.
pad launch fee
0.1 SOL
root coin to its treasury
85%
pad share
15%

07 · who holds what

no keys held

The launcher’s wallet is the coin’s creator. The pad never signs for a launcher or holds a key of theirs. The launcher holds no fee share and no key once the coin is minted.

A splice is a mint the pad signs itself, because nobody asks for a splice.

A holder pool is an address that holds SOL and pays it out in plain transfers. No program, token account, deposit or approval. If a pool owes you, it sends.

08 · checking a figure

where to look