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FAQ
Why Trenches and not pump.fun?(link to this section)
- 0% on the curve. We get paid when a coin graduates. pump.fun takes a fee on every curve trade; we take none.
- Our fees start at graduation: a one-time graduation fee, then our share of its pool's 1% fee, 0.8% of volume on Meteora and about 0.378% on a Raydium fallback.
- Everyone who buys in the Opening Round pays one price, set when the round closes. Being first in the block, paying for priority or being the chef buys nothing.
- Nothing was sold to funds or insiders. No coin here sets tokens aside for anyone, the chef and us included: every token is sold on the curve, goes into the pool, or is burned.
- Curve volume earns no rewards here. We charge nothing on it and pay no rebates or points for it, Scouts earn only on pool volume, and Trending counts different buyers, not volume.
- 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.
- Crews are standing groups started by an X-verified founder. They cook coins together, and a crew with a Squads multisig of three or more voters renames its coins by vote.
Can you rug me?(link to this section)
Taking the SOL out of a coin's curve: no instruction in the program does it. It leaves only through a buy, a sell, a round refund, a claim or a migration, each to an address the program fixes, and you can read every lamport that has ever moved.
Taking a graduated coin's liquidity: no, not us, not the chef, not the holder of any key. The LP is locked permanently inside the venue's own program: Meteora's, or Raydium's Burn & Earn where the coin fell back to Raydium, and the only thing our Fee Key authorises is claiming the fee.
Minting more of your coin, or freezing it: no. Neither authority exists after the cook, and neither can be added back.
Can I sell immediately?(link to this section)
During the Ramp, the window after the Opening Round, a purchase is delivered gradually, on one schedule that belongs to the coin and starts when the Opening Round closes. The share delivered is the share of the Ramp that has elapsed: a tenth of the way in you hold a tenth of what you bought, and the rest is on its way. Everything delivered sells at once, and the rest sells as it lands: deferred, not lost. Buy after the Ramp has ended and the whole purchase is delivered immediately. The Ramp.
Why does a scanner give my coin a bad score?(link to this section)
Because the curve's own vault holds most of the supply until graduation, and the scanners do not yet know that vault is a market.
The mint itself is as clean as a Solana mint gets: no mint authority, no freeze authority, no transfer hook, no permanent delegate, and on a coin with no chef fee, which is almost all of them, no transfer fee either. The mint and freeze authorities are the two findings that cost the most score, and no coin here has ever had one.
Until the scanners list our vault, a coin on the curve shows a concentration note. A crew coin additionally shows "mutable metadata", which is correct: a crew coin is renameable by its crew's vote, by design. And a coin whose chef took a fee shows a transfer fee on its mint, also correct, also by design.
Will a honeypot checker say my coin is a honeypot?(link to this section)
No. None of the tools we checked (RugCheck, Honeypot.is, GoPlus, De.Fi, DexScreener, Birdeye, Photon) simulates a sell on Solana. They read static mint state, which is clean on our coins.
Am I invisible until my coin graduates?(link to this section)
Until it graduates a coin trades only here. Once it graduates, its pool is picked up by DexScreener, GMGN and the terminals with no action from anyone.
Is it really 0%?(link to this section)
Yes, on every curve buy and sell. Two other fees exist, and neither is hidden:
- A coin's chef can pick their own 0 to 3% before the coin exists. It defaults to 0. Where a chef picked one, it is charged in the coin on every transfer, goes to the chef, and is shown on the coin page and in the transaction you sign.
- 0% is our TRADING fee, on the curve. There is a graduation fee of 3–5% of the raise, charged once, and after that every swap on the coin's pool pays that pool's own fee: 1% today, on Meteora or on a Raydium fallback, and the coin's page shows its venue and rate. What it costs has every rate.
What happens if you disappear?(link to this section)
Coins that have graduated keep trading on their own pool with no involvement from us: the pool is ordinary and the LP is locked.
Coins on a curve need a transaction to the program, not our website. Buying, selling, claiming vested tokens, settling a round refund, refunding or forfeiting a bond, and both migration steps need no key of ours. A cook and an Opening Round entry go through our server, so those two need us.
Can I get my bond back if my coin never graduates?(link to this section)
No. It goes to our treasury seven days after the cook. The amount is on the cook sheet before you sign.
Why can't I buy or sell for a moment right after my coin filled up?(link to this section)
Because the curve has closed and the pool does not exist yet. Two cranks open it, anybody can run them, and we run them immediately. Graduation.
Can my coin be renamed?(link to this section)
Only if it is a crew coin. A normal coin's name and ticker are fixed at the cook, because the metadata update authority is dropped in the same transaction. A crew coin can be renamed by its crew's on-chain vote, at most three times, with a 24-hour timelock and a 7-day cooldown, and our attestor has to co-sign the proposal, and our guardian can cancel a pending one. Words we use.
Do you take your cut in my coin?(link to this section)
No. Every fee of ours is in SOL. A Meteora pool pays our share in SOL only, and where a coin fell back to Raydium, the instruction that claims our share burns the memecoin half in the same transaction. The chef's own fee, where a coin has one, is paid in the coin: it is a transfer fee on the mint and it never passes through us.
Is any of this live?(link to this section)
The program is live on Solana mainnet. Its id is on the security page.