How it works

Six rules, all written into one Solana program, the same for every token. No setting of a token can be changed after launch.

Launch

A creator launches a token: 1 billion units, a plain Solana token with no mint authority left. 800 million are sold on a bonding curve for 20,000 USDC. When the curve is empty, the pool opens at the last price with the other 200 million and the whole raise, and nobody can ever remove that liquidity.

Pay 4% on sells

After the curve, every sell in the fomoeven pool pays 4% of what it gets in USDC. The same rate for everyone, written into the program. Buys pay nothing, and the amount the site shows before you sign already includes the fee.

Track entry prices

The program records what you pay on every buy and keeps your average price, rounded down. A sell lowers your quantity without touching your price. Tokens received by transfer have no entry price: they count as pure profit.

Share by the hour

Every hour the program freezes that hour's average price. Any holder whose entry price is above it is under water, and their weight is what they need to break even. 85% of the hour's fees are shared by that weight.

Claim

Claim whenever you want, for as many hours as you want: it never expires. If nobody is under water, the fees roll to the next hour. 10% buys back and burns the token, 5% goes to the creator, 0 to the protocol.

Cheating does not pay

Moving tokens to another wallet does nothing: the new wallet has no entry price, pays the 4% and never receives anything, and the old one is capped by what it still holds in its main token account. Buying and selling right away costs 4% and puts nobody under water.

Verify everything on-chain →

Good to know

The 4% is paid by everyone, including people selling at a loss. Holders under water get it back afterwards, with a share of everyone else's fees.

A distribution is not a yield. It depends on other people's selling and can be zero for days.

A sell tax is felt: snipers and bundlers will avoid these tokens, which means less volume on day one.

Nothing here protects against a token going to zero.

No token gives any right over the protocol: no revenue share, no governance.

Technical details and verification report

FOMOEVEN on Solana

A launchpad where the sell fee goes to the wallets that are under water. The jeeters pay you.

On every bonding curve, late buyers finance the exit of early ones. FOMOEVEN charges a flat fee on sells and pays it, hour by hour, only to wallets currently below their entry price, in proportion to how far under water they are.

How it works

  1. The token is a plain Solana token (Token-2022, 6 decimals, 1 billion units). Its name, symbol and link live on the mint itself; the mint authority and the metadata authority are removed at creation, so nobody can mint more or rename it.
  2. 800 M are sold on a bonding curve (constant product over virtual reserves) for 20,000 USDC, with no fee. The buy that empties the curve opens the pool in the same transaction, at exactly the curve's last price, with the other 200 M and the whole raise. No instruction of the program can remove that liquidity.
  3. After graduation every sell in the pool pays 4 % of its USDC output. Flat and identical for everyone, so the amount shown before signing is the amount received. Buys pay nothing.
  4. The split is fixed: 85 % to wallets under water, 10 % bought back and burned, 5 % to the creator. The protocol takes nothing on trades; its only revenue is the creation fee.
  5. Cost basis. The program keeps, per wallet and token, the tokens it saw the wallet buy and its average entry price, rounded down to a 1 % bucket. A buy re-averages; a sell removes quantity and leaves the average. Tokens received by transfer have no basis: they count as full profit and never receive anything.
  6. Under water = qty × max(0, entry − price): the USDC the wallet needs to break even, capped by what the wallet still holds in its associated token account.
  7. Epochs are hours. The close freezes the hour's time-weighted price (kept by the program from its own trades) and the total weight from a two-level bucket tree. A wallet's share = fees × weight / total weight. Claims never expire; an hour with nobody under water rolls its fees to the next. The first trade of a new hour closes the previous one; anyone may also close it for a 0.20 USDC bounty.

What the admin can and cannot do

The admin can pause the creation of new tokens and change the creation fee behind a 48 h timelock. It cannot touch any token, pool, fee, claim or vault. Check the program's upgrade authority on an explorer before trusting it with money: as long as the program is upgradeable, whoever holds that authority could change the code.

Honesty, in plain terms

The 4 % sell fee is paid by everyone, including those who sell at a loss. Those under water get it back afterwards, with a share of everyone else's fees. A distribution is not a yield: it depends on other people's sells and can be zero for days. Anyone can open another pool for a token elsewhere; sells there pay no fee and feed nobody. Nothing here protects against a token going to zero. No token gives any right over the protocol.

Verify it yourself

Every number that pays is in the program's accounts and can be read without the site's indexer:

  • Pool (["pool", mint]): curve progress, pool reserves, the running hour's fees, the buyback and creator shares, and what is owed to past distributions. The USDC vault must always hold at least quote_reserve + epoch_fees + buyback_pending + creator_claimable + distributions_owed; /verify shows both.
  • Tree: tracked tokens per entry-price bucket, the source of the total weight under water.
  • History (["history", mint]): every closed hour that paid someone, with its fees, total weight and price.
  • Position (["position", mint, wallet]): a wallet's basis, its checkpoints and its claim cursor.

The site's /verify page recomputes the total weight and a wallet's claimable amount from these accounts with the same integer arithmetic as the program.