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Cooking a coin
Cook a coin straight from an X post, from any account we watch, in one tap. The chain allows one coin per post. Names and tickers can repeat. The chef pays the same price as everyone else and gets no allocation.
The two ways in(link to this section)
From the feed. A card in the feed is a live X post with suggested names. Tapping Cook takes the suggestion, mints the coin and opens its Opening Round in one transaction. Nothing exists on chain until that tap. The feed card is a reservation in our database, not a token.
Your own. The cook sheet takes a name, a ticker, an image, an optional description and socials, a target rung, an optional buy-in and an optional chef fee.
What you choose, and which choices are permanent(link to this section)
| You choose | When | Can it change later? |
|---|---|---|
| Name, ticker, image | At the cook | No, unless the coin is a crew coin (what we can and cannot do) |
| Target rung ($2,500 … $100,000) | At the cook | No. The raise, the supply and the graduation fee are copied into the coin's own on-chain record at that moment |
| Your chef fee, 0–3% of every transfer of the coin, paid to you in the coin | Before the coin exists | No. It is fixed for the life of the coin |
| The wallet your chef fee is paid to | It is the wallet you cook from | No |
| Your buy-in, 0 or anything from 0.01 SOL up to the round's per-account cap | At the cook | n/a |
A chef fee is paid in your own coin, not in SOL, on every transfer of the coin, including a send from one wallet to another.
Taking a fee adds about 0.00095 SOL of Solana rent to the cook, the same at 1%, 2% and 3%, and nothing at 0%. The cook sheet shows the figure as you move the selector.
Cooking does not require buying(link to this section)
The default buy-in is zero: at zero the transaction opens the window and takes nothing but the account rent.
If you do buy in, it goes through the same code as everyone else's: the same per-account cap, the same single price, the same pro rata fill if the round is oversubscribed, and the same Ramp schedule. There is no chef allocation on this app.
What cooking costs(link to this section)
Solana rent, and not a fee to us. It is rent for the accounts your coin needs (the mint and its metadata, the coin's own record, its two vaults, the one-coin-per-post lock, your position account and your token account), plus the network fee for the transaction. The exact figure is on the cook sheet before you sign and on the fees page, priced at the longest name, ticker and link the program allows, so a real cook costs less.
About four fifths of it stays in the coin's own accounts. The rest is rent on your own position and token accounts, and you get it back when you close them.
The bond on a coin you cook yourself(link to this section)
0.05 SOL, held with your coin and back to you when it graduates. If the coin has not graduated seven days after the cook, it goes to our treasury. Coins from the feed and crew coins post none.
While it is held it is yours: it sits with the coin, accounted separately, and nothing else touches it. The amount is on the cook sheet before you sign, and the transaction you sign carries it.
If your coin already exists(link to this section)
If the post you picked already has a coin here, we send you to that coin. Names and tickers can repeat; the chain's rule is one coin per X post id. Where a coin's post comes from.