How FLARE works
Overview
FLARE is a token launchpad on Solana. Every coin trades on its own bonding curve, run by the launchpad's own on-chain program, and pays a small fee on each trade. At launch, the creator picks a mode: what those fees are used for. An executor collects the fees on a schedule, runs the mode and publishes a receipt for every run.
Launching
Launching is one transaction signed by your wallet. It creates an SPL token with a fixed supply of 1,000,000,000, no mint authority and immutable metadata, opens its curve and, optionally, buys some for you in the same transaction. It costs a 0.01 SOL launch fee plus about 0.022 SOL of network rent. The mode, run interval, minimum budget and mode settings are written into the coin's on-chain curve account when it is created and can't be changed afterwards.
Launch, trade, fees, executor, receipt. Then it repeats on a schedule.
Bonding curve
800,000,000 tokens are sold on a constant-product curve. The price rises as people buy and falls as they sell, and the curve always holds the SOL to buy tokens back. Once they have all sold, about 87.9 SOL has been raised and the coin graduates: curve trading stops.
The program then opens a Raydium pool with the raised SOL and the remaining 200,000,000 tokens, at about the curve's final price, and burns the pool's LP tokens, so that liquidity can never be withdrawn. Anyone can trigger this step; the executor does it within a minute or two. 0.25 SOL is held back for Raydium's pool fee and rent (what's left goes to the platform). Trading then continues on the pool, including from the coin's page here.
Fees
Every curve trade pays a 1% fee in SOL. It collects in the coin's SOL vault until it is swept, and the program splits every sweep the same way:
- 10% to the platform treasury.
- 90% to the operator as the coin's mode budget.
After graduation, trades on the Raydium pool pay Raydium's pool fee instead, which stays with the pool. A graduated coin's mode keeps running until the budget it collected is spent.
Network fees and account rent for a coin's runs are paid from that coin's own budget and shown on every receipt.
Modes
Each run moves the budget into a growing SOL reserve that is tracked for the coin.
Each run splits the budget in SOL across the largest holders, in proportion to their balance.
Each run buys the coin and burns what it bought, permanently reducing the supply.
Each run buys another coin from this launchpad that you choose, and burns it.
Each run buys a coin you choose and hands it out to your holders, pro-rata to their balance.
Each run draws winners from the holders and pays them the budget. Coming later.
Each run mints a numbered card to a drawn holder along with a share of the budget. Coming later.
Executor
Every minute the executor reads new launches and trades from the chain. For each coin whose interval is due, it sweeps the coin's accrued fees, checks the budget against the coin's minimum and, if there is enough, runs the mode. Smaller budgets are left to grow.
Buybacks buy on the curve (or on the coin's Raydium pool after graduation) and burn the tokens, which lowers the supply. Airdrops pay up to 150 of the largest holders, excluding the curve's and pool's own accounts and the operator.
Receipts
Every run that spends anything publishes a receipt: the budget, what it did, what it spent, the network costs, and the transaction signatures so it can be checked on the explorer. Failed runs are published too, and their budget is kept for the next attempt.
Accounts
Risks
Mode budgets are held by the operator wallet and spent by an off-chain executor, which runs on a best-effort basis. Actions depend on fees actually received: a coin with no trading has no budget and nothing happens.
The launchpad program is new and has not been independently audited. It can be upgraded by the platform, and the platform can change the trading fee (up to 2%) and the fee split within fixed on-chain limits.
Coins can lose all their value. Nothing here is a promise of returns, yield or profit.