Words we use

Glossary#(link to this section)

• Cook: bring a coin into existence from a post. The only verb we use for it.
• Chef: the person who cooks a coin. A chef gets no better price, allocation or rights than anyone else, and may set their own fee of 0 to 3% before the coin exists.
• Rung: one of six graduation targets, named as a market cap in dollars. The curve and the six rungs.
• The curve: the bonding curve a coin trades on before graduation.
• Fair Open: how every coin here starts: an Opening Round where everyone pays one price, then the Ramp. Fair Open.
• Opening Round: a coin's first window of blocks, where everybody clears at one price. Fair Open.
• Settle: the step after the Opening Round closes that works out each buyer's tokens and any refund, at the one price.
• Ramp: the blocks after the round, during which purchases are delivered gradually on one schedule shared by every holder of that coin. The Ramp.
• Graduation: the curve selling out, and the coin moving into an AMM pool with the LP locked. The pool is Meteora's, or Raydium's where that coin's Meteora pool address had already been taken. Graduation.
• Crew: 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. Squads is the separate product a crew uses for that vote; we never use its name for one of our crews.
• Kitchen: the room attached to a coin.
• Scout: a wallet recorded against a coin for sending people to it.
• Attestor: our co-signer. It signs a cook and an Opening Round entry to say the request came through our app, and it cannot move anyone's money.
• Crank: a small public transaction that moves a coin to its next step, such as settling a round or graduating. Anyone can send one; we usually do.