01Start hereEvery coin launched here has 100 shares, and each share collects 1% of its creator fees.

Hundred is a launchpad on Meteora. A share is an NFT, so the right to the fees belongs to whoever holds it. Shares nobody has minted yet pay the person who launched the coin.

1A TRADE OF THE COIN22% FEEMETEORA 0.4%PLATFORM 0.8%0.8%3THE PROGRAM4100 SHARES, 1% EACH
  1. 1Someone trades the coin on Meteora, like any other coin there.
  2. 2The trade pays a 2% fee. 0.8% of the trade is the creator’s part.
  3. 3The creator of the coin is the program, not a person. Only the program can collect that part.
  4. 4The program splits it 100 ways. Whoever holds a share claims its 1%.

The chapters

Each one is short and opens with a drawing. Read them in order or go straight to the one you need.

  1. 02What a share isAn NFT that is a claim on 1% of a coin’s creator fees.
  2. 03Where the fees goWho gets what from every trade, with a calculator.
  3. 04Launching a coinWhat the one launch transaction does and what it costs.
  4. 05Minting a shareThe price is spent on buying the coin, and the coins are burned.
  5. 06Selling and buyingThe built-in market, and who gets the fees while a share is listed.
  6. 07After the curveWhat changes when a coin moves to Meteora DAMM v2.
  7. 08The programAddresses, what the admin can change, and what nobody can.

What has been checked, and what has not

These pages only state things that were measured. The measuring was done by a proof run: a script that launches a coin, trades it, mints shares, sells them and takes the coin all the way through graduation, on a test chain running the real Meteora and Metaplex programs, and checks the balances after every step. Every chapter lists what the run verified about its claims.

What has not been done:

  • No outside firm has audited the program.
  • The program’s code can still be replaced by the key that deployed it. The program chapter shows the current state, read from the chain.
  • Graduation has been run on the test chain, not yet on a public network.

Checked in the proof run

  • All 57 checks of the proof run pass.
  • The same loop ran on Solana devnet: launch, mint, harvest, claim, list, buy.