How S'more works.

01Overview

$SMORE is the one coin everything here is priced in. It is not live yet. It launches on pump.fun, which makes it a plain Token-2022 mint: 1 billion supply at launch, 6 decimals, no mint or freeze authority. It will trade against SOL on pump.fun, and its address will be on this site's front page from that minute.

A coin is launched on Meteora's Dynamic Bonding Curve with $SMORE as its quote token: 1 billion supply, 6 decimals, Token-2022, no mint or freeze authority, metadata that can never change.

A feed is one transaction by the keeper: it claims a coin's collected fees from Meteora, burns 30% of each fee out of $SMORE's supply, pays 10% to operations and keeps 30% for the basket. The dev's 30% never passes through the keeper: Meteora books it straight to the coin's creator.

The basket is 100 coins: the largest Solana memecoins that pass a short list of safety rules. The keeper sells the basket's share of the fees, buys those coins by their weights and burns each one as soon as it is bought. Nothing is kept.

02Routes: trading needs $SMORE

A coin here has no SOL pool. To buy one you pay in $SMORE. If you only hold SOL, the site does both hops for you in a single signature:

1. SOLyour wallet
2. $SMOREpump.fun
3. $COINMeteora curve

• Buy: open a coin, pick an amount of SOL, sign once. The first hop buys $SMORE with your SOL; the second spends it on the coin.
• Slippage guard: every hop is quoted just before you sign and sent with a minimum out of the quote less 0.5, 1 or 3% (you pick; 1% by default). If the price moved more than that, the swap fails and nothing is spent. A buy bigger than what is left on a curve buys what is left, and the rest stays in your wallet.
• Change: when the site composes the two hops itself, the second hop spends exactly what the first is guaranteed to return. Anything the first hop returns above that stays in your wallet as $SMORE. When an aggregator already routes the coin, its router spends everything and there is no change.
• Sell: a coin sells into $SMORE, or straight through to SOL by the same two hops in reverse.
• Aggregators: Meteora curves and pools are indexed by Jupiter and by trading terminals, so SOL to $SMORE to coin routes also work outside this site.

Each hop pays its own fee: the coin's 1% (which feeds the fire) and whatever $SMORE's own market charges on the SOL hop.

03Launch, step by step

1. A picture (PNG, JPEG, WebP or GIF up to 2 MB), a name of up to 32 bytes and a ticker of 1 to 10 letters or digits.
2. A first buy: none, or an amount of the $SMORE you hold. The launch fee is 2.5% of the first buy, in $SMORE, on top of it. No first buy, no fee.
3. One transaction creates the mint and its Meteora pool (you are its creator), makes the first buy and pays the fee. The buy is inside the launch itself, so nothing can be placed in front of it.

Worked example. You hold 1,025,000 $SMORE and pick a first buy of 1,000,000. The fee is 1,000,000 x 2.5% = 25K $SMORE to operations; the other 1,000,000 buys your coin on its curve. Your wallet sends exactly 1M.

04Fees and the burn

Every trade of a coin pays 1% in $SMORE, on its curve and in its pool after graduation. Meteora keeps 20% of every fee as its protocol fee. The other 80% is split:

Worked example. A trade of 1,000,000 $SMORE into $COIN pays 10K $SMORE in fees. Meteora keeps 2K. Of the other 8K: 2.4K are burned, 2.4K buy the basket, which is burned too, 2.4K go to the $COIN dev and 800 to operations.

Why burn and not lock: a lock can be undone by whoever holds its key. A burn shows on every explorer as a lower supply, and nobody can reverse it.

Heat: each coin wears a badge for its lifetime trading volume: Spark below 5 SOL, Kindling from 5, Flame from 20, Blaze from 60 and Inferno from 150 SOL or once it graduates. The badge is only a label. No fee share depends on it.

05The basket

The name is the idea: the basket is always 100 coins. They are the 100 largest Solana memecoins that are at least 90 days old, cannot be minted or frozen by anyone, and can take a $1,000 buy for 3% or less. Some of the very largest fail a rule, so the list reaches a little past the 100th by size. Weights follow market cap, capped at 10% per coin and by how much each coin can actually trade, so the small coins are small slices. The list is reviewed monthly; a person approves every change and the difference is published.

The keeper sells the basket's share of the fees in slices small enough not to move $SMORE's price, then buys the coins by their weights. A coin it has never bought is bought first, so every one of the 100 is reached as early as the money allows; no order is smaller than $1, so a coin that is short by less waits for a later run. Each coin is burned out of its own supply in the keeper's next transaction after the buy, and its token account is closed. If a burn fails, the next run burns what is left before it buys anything.

What that does and does not mean. Nothing is held: there is no treasury and nothing to redeem. The burns take those 100 coins out of their own supplies for good. They do not shrink $SMORE's supply; the other burn does that.

06Night Mode

Every feed that runs between 20:00 and 05:00 UTC also burns the operations share. The burn goes up from 30% to 40% of the fee after Meteora and we take nothing. The dev's share is always 30% and the basket's always 30%, day or night. The site turns dark while it is on.

The keeper decides from the chain's clock at the moment it plans a run, not from anyone's time zone, and applies the rule to curve fees and to locked-LP fees alike.

07Graduation

Every curve raises the same fixed amount of $SMORE. That amount is set on the day the launchpad opens (the plan is 40 SOL worth at that day's price) and is shown here from then on. The price rises 4x from launch to graduation and a third of the coin's supply migrates, so a new coin starts at a market cap of three quarters of the raise and reaches the open market once the raise has been bought.

At the threshold anyone can run Meteora's migration into a DAMM v2 pool of the coin and $SMORE. Our indexer does it within seconds. All of the liquidity is locked forever, 70% to the keeper and 30% to the dev, with no withdraw path. Both positions keep earning the pool's 1% fee: the keeper's part is fed like curve fees, the dev's is theirs to claim.

The raise is fixed in $SMORE when a config is made. If $SMORE moves a lot, a new config sizes the curve again for new launches. A coin keeps the config it launched with.

08Parameters

09Verify it on chain

• Open $SMORE's mint on an explorer: its supply is lower than 1,000,000,000 by every burn on the Burned page (and by any burn made elsewhere).
• Open any row of the Burned page: one transaction holds the claim from Meteora, the burn and the payment to operations.
• Open the keeper on an explorer: each basket buy is a swap, and its next transaction burns what was bought and closes the token account. The Basket page links every burn.
• A coin's pool config names the keeper as fee claimer, a creator fee share of 30%, and 100% of the liquidity permanently locked.
• A coin's mint has no mint authority and no freeze authority.

None of this is on chain yet. These are the checks to run from the day it is; the addresses below fill in by themselves.

10Who controls what

11Risks and honest limits

• The burn and the basket are run by a keeper, not by a program. The keeper is a key we operate. It is the fee claimer of the platform config, it follows the split above, and everything it does is a public transaction; but nothing on chain forces it to burn or to buy. The dev's share is different: Meteora enforces that one.
• The basket is burned, not held. There is no treasury, and a $SMORE holder has no claim on anything.
• Buying the basket means selling $SMORE. After Meteora's cut, 30% of every fee burns and 30% is sold to buy other coins, which are then burned.
• Between a basket buy and its burn the coins sit in the keeper's wallet: a few seconds when all goes well, and until the next run if a burn fails.
• Meteora's bonding curve and pool programs are upgradeable by Meteora. Curve reserves, fees not yet fed and the locked liquidity live in their programs.
• Graduation is set in $SMORE when a config is made: if $SMORE rises, graduating costs more in SOL; if it falls, less.
• The flat 1% fee has no anti-sniper schedule. Your first buy is in the launch transaction and nothing can be placed in front of it; from the next slot on, everyone trades on the same curve.
• A slow keeper only delays burns: unclaimed fees wait in Meteora.
• Every route from SOL crosses $SMORE's own market, twice for a round trip. Its depth sets the cost of trading every coin here.
• Memecoins are volatile and most go to zero.

12FAQ

Why would a $SMORE holder like this?

Every coin that trades here burns $SMORE, and every buy from SOL buys $SMORE first. The holder needs to do nothing.

Why is it called S'more?

A s'more is what you make over a campfire, and every trade here puts something on the fire: it burns $SMORE, and after Meteora's cut 30% of every fee buys the 100 largest Solana memecoins that pass the safety rules and burns those too. There is always some more to burn.

What happens to the basket coins?

They are burned. The keeper buys each coin and burns it out of that coin's own supply in its next transaction. Nothing is kept, so there is no treasury and nothing to redeem.

Where is my dev share?

In $SMORE, booked to you by Meteora with every trade. The Mine page shows it and one button claims everything.

Do I need $SMORE to buy a coin?

No. Pay with SOL and the site routes through $SMORE in the same transaction. If you already hold $SMORE, pay with it and skip a hop.

What happens if the site goes down?

Nothing on chain changes. The pools trade on Meteora and through aggregators, and a dev can claim with Meteora's own instructions. Burns pause until the keeper runs again; the fees wait.