How FLARE works

Overview

FLARE is a coin launchpad on Solana that pays its holders. Every coin trades on its own bonding curve, run by the launchpad's own on-chain program, and pays a small fee on every trade. Most of that fee goes to holders of $FLARE: an executor collects each coin's fees on a schedule and airdrops them in SOL to the largest $FLARE holders, with a receipt for every payout.

$FLARE

Hold $FLARE in a wallet you control to be included in payouts. Always copy the address from this page and compare it in full; we never send addresses by DM.

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 payout settings are the same for every coin (checked every hour, paid out from 0.05 SOL) and are written into its on-chain curve account at launch.

Launch, trade, fees, payout to $FLARE holders, receipt. Then it repeats every hour.

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200,000,000 tokens, at about the curve's final price, and burns the pool's LP tokens, so that liquidity can never be withdrawn.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:

• 90% for $FLARE holders, paid to the operator wallet and airdropped from there.
• 10% to the platform treasury.

After graduation, trades on the Raydium pool pay Raydium's pool fee instead, which stays with the pool. Fees a coin collected before graduating are still paid out.

The network fees of a payout are taken from the fees it pays out and shown on every receipt.

Payouts to $FLARE holders

Each coin's collected fees are paid out once at least 0.05 SOL is waiting, checked every hour. A payout splits the fees across up to 150 of the largest $FLARE holders, in proportion to their balance, and sends each share straight to the holder's wallet in SOL. There is nothing to claim or stake.

The holder list is read from the chain at payout time. Accounts that hold $FLARE without being holders (the launchpad's curve and pool accounts, the operator) are left out, and so are wallets that do not exist on-chain. Shares below 0.00001 SOL stay in the pot for the next payout.

Executor

Every minute the executor reads new launches and trades from the chain. For each coin whose hourly check is due, it sweeps the coin's accrued fees and, once at least 0.05 SOL is waiting, airdrops it to $FLARE holders. Smaller amounts are left to grow.

If a payout fails partway, what was already sent is recorded and the rest is kept for the next run, so no holder is paid twice for the same fees.

Receipts

Every payout publishes a receipt: the fees it paid out, how many holders it reached, the network costs, and the transaction signatures so it can be checked on the explorer. Failed payouts are published too, and their fees are kept for the next run.

Accounts

Risks

The holders' share of the fees is held by the operator wallet and paid out by an off-chain executor, which runs on a best-effort basis. Payouts depend on fees actually collected: a coin with no trading pays nothing, and holding $FLARE is not a promise of any payout.

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.