Draft under legal review

Know the risks

Don't put in money you can't afford to lose. Most memecoins go to zero.

Prices move fast

Prices on a bonding curve rise as people buy and fall as they sell. Large trades move the price, and slippage settings protect you only up to the limit you choose.

Launch tax

Buys in the first five seconds of a launch pay a tax that starts at 98% and drops every second. It slows sniper bots; it also applies to you if you buy that early.

Smart contracts

Smart contracts can contain bugs. Ours have not been externally audited. They were independently reviewed, with every finding proven by a test and fixed, and they are covered by fuzz tests, invariant tests (100,000 random calls with no violations) and end-to-end tests against the live Ink contracts, plus a full launch, buy and sell on mainnet. That lowers the risk, it doesn't remove it. The code is open source and verified: see Contracts & security.

USDC pairs

USDC is issued by Circle, which can freeze any address. If Circle froze a coin's curve or the Uniswap contracts, that coin would stop trading. If it froze a creator's fee wallet, trading carries on and that wallet's fees are held for it to claim.

Stock pairs (coming soon)

Stock pairs are built into the contracts but not switched on yet. When they are, they will trade against tokenized shares (xStocks) issued by a third party. Those tokens aren't the shares themselves, they don't carry voting rights, and the issuer can pause transfers. Dividends and splits change their value automatically. Stock pairs won't be available in the US, Canada, the UK or Australia.

Scams and impersonation

Anyone can launch a token. Check the contract address, the creator and the holder breakdown, and report anything suspicious.

Rules can change

Crypto regulation is changing in many countries and may affect what you can do here.