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How it works

Every coin on STACKED is a pump.fun coin paired with one token: a tokenized stock such as Tesla, NVIDIA or Apple, SOL, or USDC. The coin trades against that token on pump.fun and on any Solana terminal, such as Axiom, GMGN or Jupiter. Its holders are paid in that same token. There is nothing else to pick: the pair is the payout.

Every coin is created by STACKED. The wallet that launches it pays for the launch and can make the first buy in the same transaction that creates the coin, so nobody can buy before it. The first buy is capped at 2% of the supply. Coins have a fixed supply of 1,000,000,000 and no mint or freeze authority. When the bonding curve is complete, the coin moves to a PumpSwap pool.

Launching costs about 0.012 SOL on a SOL pair and about 0.017 SOL on a stock pair, plus the first buy. That is the rent for the coin's accounts and the network fee. A new ticker launches for free.

Fees

On a stock pair the creator picks the trading fee at launch: 1%, 2% or 2.5% of every buy and sell, on top of pump.fun's own fee. On SOL and USDC pairs pump.fun sets the fee. Every launch routes 100% of the coin's creator fees to the STACKED payout wallet and locks that in the launch, so nobody can redirect them later. Every fee is then split like this, before and after the coin graduates:

The payout wallet is –.

Tickers

A ticker is 1 to 10 letters or digits, and case does not make a new one: $Pepe, $pepe and $PEPE are the same ticker. The first coin with a ticker launches it for free. Launching a ticker that is already taken on STACKED costs SOL, and the price depends on how long ago the coin holding it launched:

The fee is paid inside the transaction that creates the coin. A refundable fee comes back in full to the launching wallet if the coin reaches a $100K market cap within 48 hours. The 5 and 4 SOL steps are the price of jumping on a ticker that just launched: you take that risk yourself, and they never come back. Fees that are not refunded go to the holders of the STACKED coin. After 48 hours a ticker is free again, and the coin that launches it then holds it from there. The coin that held it before is not affected and keeps trading.

Weekly airdrop

35% of every fee on every STACKED coin goes into one pot. STACKED tracks how much volume every wallet trades across all STACKED coins, from any terminal, and updates the ranking every 30 minutes on the airdrop page. The first airdrop is 7 days after STACKED launches, then every 7 days: the top 250 wallets by volume share the pot, each in proportion to its volume, paid in SOL straight to the wallet after the list is reviewed.

Wallets with more than 300 trades in one hour, or more than 100 trades an hour in five or more different hours, are treated as bots and left out. Wash trading does not count.

Payouts

The payout desk runs a round every 3 minutes. For each coin it collects the creator fees from pump.fun's vaults (and PumpSwap's once the coin has graduated), splits them, buys the coin's pair token for the holders' share through Jupiter, and sends it to every holder who is due.

Who gets paid. Every wallet holding at least 0.02 SOL worth of the coin, by how much it held multiplied by how long it held it since the last payout. Buying a second before a round earns about a second's worth. The bonding curve and the pool are left out.

When it is sent. A coin pays out once its holders are owed at least 0.1 SOL together. Until then each holder's share waits as credit, and a share that has been earned stays earned.

Risks

• Coins are highly speculative. Most lose value, and you can lose everything you put in.
• Tokenized stocks are issued by third parties (xStocks, Backpack and others), not by the companies themselves. Those issuers can pause transfers or change transfer rules.
• What holders receive moves with the price of the token the coin is paired with.

Contracts

The code that runs the payout desk is published on the source code page, with a SHA-256 fingerprint of each file.