05Minting a shareThe price of a share is spent on buying the coin, and the coins are burned.
Minting creates the next share of a coin and puts it in your wallet. The price is not a payment to the launcher or to the platform.
- 1You pay the share price in SOL. The launcher set it at launch, and it is the same for all 100 shares.
- 2The program buys the coin with the whole amount on Meteora, in the same transaction.
- 3Every coin the purchase returns is burned. Nobody receives them.
- 4The next share is minted to your wallet as an NFT. It collects 1% of the creator fees from this moment on.
Where the price goes
The program takes the share price in SOL, buys the coin with all of it on Meteora, and burns every coin the purchase returns. All of this is one transaction, together with creating the NFT.
Two things follow. The SOL ends up in the coin’s own pool, so each mint is a buy that pushes the price up. And the coins bought are gone from the supply for good, so the buy is never followed by a sell.
The purchase is an ordinary trade, so it pays the coin’s trading fee like any other buy. That fee is split the usual way, which means the shares that already exist collect their part of it. See Where the fees go.
Checked in the proof run
- A 0.2 SOL mint put all 0.2 SOL into the coin’s pool.
- The coins it bought were burned and the total supply went down.
- Nothing was left sitting in the program’s account afterwards.
Protection against being front-run
Because a mint is a buy, a bot could try to buy just before you and sell just after, so that your SOL buys fewer coins. To stop that, the site first runs your mint as a test to see how many coins it buys right now. It then sends the real one with a floor: if the purchase would return more than 3% fewer coins than the test did, the program refuses and you pay nothing but the network fee.
Checked in the proof run
- A mint that asked for more coins than the price could buy was refused, on the curve and after graduation.
The order of shares
Shares are minted in order: the first mint makes share 1, the next share 2, up to 100. After that the program refuses. You cannot pick a number, and no number collects more than another.
A new share starts collecting from the moment it exists. The mint first moves any fees waiting at Meteora into the vault, so they are split between the shares that existed when they were earned.
Checked in the proof run
- Two mints in a row produced share 1 and share 2, and the coin counted 2 of 100.
- The NFT collection is controlled by the coin’s account, so shares cannot be minted any other way.
What it costs
The share price, plus a small network deposit for the NFT and the transaction fee. The share price is set by the launcher at launch and never changes, on the curve or after graduation.
A share is not a refund
Checked in the proof run
- A share was minted after graduation in one transaction, the same way.