Step by step

1. 01

   Find your token's floor

   Open Chains → Floors and type your ticker. A token's floor is the highest price any of its open pools pays. It is a limited buyback offer, not a market price guarantee. The table shows how many tokens the pool still buys at that price, and until when. A pool that is not open yet shows when it opens.

2. 02

   Sell into its pool

   Sell any amount, up to what the pool still buys, at its fixed price. One transaction burns the tokens and pays you USDC from the pool, exact to 0.000001 USDC. A successful sale needs no separate claim. Network fees and transaction failures still apply.

3. 03

   Or wait for a chain

   Every hour, up to three chains of up to five tokens are announced, one hour before they open. Click one on Chains. It shows exactly what selling a given amount of each token pays (price plus bonus), and the smallest sale the contract allows.

4. 04

   During its hour, sell the chain together

   Buy any of the chain's tokens you do not have with its Buy button (a Jupiter swap from USDC). Then sell the same amount of each token in one transaction. Each pool pays its price plus its bonus. A token whose pools are sold out is skipped, and even if only one token is left, it still pays its bonus.

Comparing what a sale pays

A pool pays its fixed price, and a chain adds its bonus. In our example, a pool's price is $0.00875 per token. Selling 10,000 tokens straight into it pays $87.50. In a chain, the same 10,000 tokens pay $100. A chain of 3 such pools pays $300 for 10,000 of each token. And when the market pays more than the pool's price, compare proceeds after fees, slippage and price impact.

Say you hold 10,000 of one token in that chain. To sell the chain, you buy 10,000 of each of the other 2 tokens on the market: 20,000 tokens in all. The chain pays $200 for them. Your own 10,000 tokens get the bonus too.

• At an example market price of $0.00925 per token, buying them costs $185, which is $15 less than the chain pays for them. You end up with $115 for your own 10,000: $27.50 more than selling them straight into their pool, before fees.
• At an example market price of $0.0115 per token, buying them costs $230, which is $30 more than the chain pays for them. You end up with $70 for your own 10,000: $17.50 less than selling them straight into their pool, before fees.

What changes the result:

• Swap fees and slippage. When you buy a token with a small market, your own buy pushes its price up. The bigger the buy, the bigger the push.
• Other sellers. The pool's price does not drop after each sale, but every sale uses up what the pool still buys. If others sell first, the pool may buy fewer tokens than you planned to sell, or be sold out. Then the tokens you bought may have no other buyer.
• Time. Market prices move between buying and selling, and a chain is open for only one hour. After its hour the bonus is gone. The pools still buy at their normal price while they are open.
• Network fees, and the smallest sale: a sale must pay at least 0.000001 USDC from every pool it sells into.

What can go wrong

• The pool sells out: once it has bought all its tokens, it buys no more.
• Other traders sell first and use up what a pool still buys.
• Market prices move, both for the tokens you hold and for the ones you buy.
• A chain's hour ends before your sale goes through. After that, its bonus is gone.
• The pool closes on a fixed date. After that, nobody can sell into it.
• The owner can upgrade the program and change its rules, including access to funds. USDC can lose value or transfers can be frozen.
• Buying tokens does not reserve pool capacity. Your swap may succeed while a later pool sale fails.
• The admin can pause the program. While it is paused, no sales go through, and pools keep counting down their time.

Nothing here is financial advice, and no result is promised: you can end up with less, and you can lose what you spent on buying tokens. The contract is not audited yet. Rules about this kind of trading are different in each country: it is your job to check that it is legal where you live.

What happens to the tokens you sell

They are burned. The program destroys them, so they are gone from the supply for good. The USDC goes from the pool's vault straight to your wallet. The backer never gets your tokens.