Reading a coin page

Every number on a coin's page is read from the chain, live. There is no indexer between you and the pool for the figures that matter.

Price and market cap

Price is derived from the pool's current price, converted for the decimal gap between the coin and its quote. Market cap is that price times the full supply. Since every coin has exactly 1,000,000,000 coins and that can never change, market cap here is a straight multiple of price — nothing can be diluted underneath you.

Backing

The number to look at. It is the quote-side balance sitting in the coin's own pool: the money its trading has actually put behind it. Not a valuation, not a projection — the amount that is there.

Before the bond it is USDC. After, it is the tracker, valued at the tracker's NAV.

Bond progress

Shown as a market cap, because that is the number a buyer can hold in their head and watch approach. The threshold itself is $15,000 of USDC in the pool; the page converts that into the market cap the coin will have when it gets there.

The two are the same statement. Along a single-sided position holding the whole supply, the accumulated USDC and the price are tied by the V3 curve and the supply cancels out, leaving the square root of the market cap linear in the dollars accumulated:

sqrt(M(q)) = sqrt(M0) + q / sqrt(M0)

with M0 the market cap at launch and q the USDC accumulated so far. The threshold is bondBackingUsd on the launcher — public, immutable, and readable by anyone.

Backed by

The tracker the coin bonds onto, named for its market, its multiple and its direction: NVDAx5, TSLAx3S. The S suffix means short. It is fixed when the coin launches, so it is shown from the first block even while the coin is still quoted in dollars.

The header shows it as a badge — the market, the tracker symbol and Long or Short — next to links to the coin on GMGN, DexScreener, Basescan and the hedge book.

Your creator fees

Visible only to the wallet that launched the coin: what has been swept so far, what is still sitting in the position, and one button to collect both. See Claiming your fees.