Terms

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DocsTerms::how the program runs them
contents
  • At a glance
  • What the terms are
  • Written once, at creation
  • Nothing changes them
  • What the admin key reaches
  • Where to read them
docs
LaunchBlockTermsFeesCalls

Terms

fixed per coin

What a coin's terms cover, and why nothing changes them.

  • written
    into the coin when it is created
  • fee rates
    one for the curve, one for the pool
  • split
    protocol, creator, call slice, pool share
  • market
    supply, decimals and the curve's reserves
  • calls
    horizon bounds and the scoring window
  • changes
    none, for the coin's whole life
  • config
    shapes coins created later; can pause new coins
  • live coins
    no admin instruction reaches their market, fees or funds

01What the terms are

termwhat it sets
curve feethe rate each trade pays while the coin is on its curve
pool feethe rate each trade pays after graduation
splitthe protocol, creator and pool shares of each fee, and the call slice as a share of the protocol's part
supplytotal supply and decimals
curvevirtual SOL, virtual tokens and the tokens for sale
callsthe shortest and longest horizon, and the scoring window

02Written once, at creation

The config is the template for coins not created yet. Creating a coin copies it into the coin's own market account.

The create request carries the config version the creator previewed. If the config changed in between, creation is refused and the app refreshes the preview, so the terms you read are the terms written in.

03Nothing changes them

No instruction rewrites a live coin's terms. Updating the config shapes only coins created after the update, so a change can't be aimed at anyone already holding a coin. Pausing creation stops new coins only; live coins keep trading.

04What the admin key reaches

config
the terms of future coins; pausing and resuming creation
live coins
no instruction reaches their market, fees or funds
creators
can't be reassigned
protocol fees
accrue to the program address seeded protocol, which has no withdrawal instruction

05Where to read them

coin page
the Terms tab, read from the coin's own account
create screen
Locked in for life, read from the config the coin will copy
API
GET /v1/coins/:mint returns fees and immutableTerms; GET /v1/create-preview returns the config and its version

Creation checks the config version the creator previewed, so the terms shown are the terms written in.

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