seats

A coin does not exist until a hundred wallets want it. Pledge to a coin that is not there yet; the last seat creates it, seats buy in order. No quorum, refund.

[seats @seatsdotmoney]

State of it:

- program 49VW4bjPa6VeshTcJCu9UdF7rXrEkvWMXneXvnjeiSVk, deployed on devnet
- pledge, refund, create via https://t.co/bPlDLvp6gZ, settle: all run end to end there
- no fees, no admin key, no fee switch. the vault moves two ways, into a buy or back to you
- mainnet: the same program with its rent paid. this line changes the day it is

[seats @seatsdotmoney]

Ran the whole thing on devnet: a proposal with ten seats, ten pledges, the create, ten settles, every pledger holding their tokens. Then a second proposal that missed its deadline and refunded.

Every transaction is on the site with its solscan link. https://t.co/MRibN64fFY

[seats @seatsdotmoney]

What the crank is, plainly.

Create and each settle are separate transactions. The crank sends them back to back the moment quorum lands. Between the create and the last settle the coin is public on https://t.co/bPlDLvp6gZ, so a fast wallet can land between two seats. Seats buy at the curve price when they land, in order, not at one shared price.

That is the gap. It is a few slots, and it is written on the site.

[seats @seatsdotmoney]

A raise measures SOL, and one wallet can be all of it.

A quorum measures wallets. A hundred seats at 0.5 SOL max is fifty SOL of first buys spread across a hundred people. Fifty SOL in one hand is a different coin, and this design cannot produce it.

[seats @seatsdotmoney]

How a proposal works:

1. name, ticker, image, a quorum (10 to 1000 wallets), min and max pledge, a deadline
2. wallets pledge SOL into a vault. one seat per wallet
3. seat count reaches quorum: the proposal flips to met
4. the crank creates the coin on https://t.co/bPlDLvp6gZ and settles every seat in order: the vault buys, tokens go to the pledger
5. deadline passes below quorum: every seat refunds itself

[seats @seatsdotmoney]

Every launch has the same first second: a coin appears, and whoever is fastest owns the open.

Seats moves the open to before the coin exists. The first hundred buys are the hundred people who pledged, in the order they pledged, with a cap on each. Speed buys nothing, because there is no coin to be fast at.

[seats @seatsdotmoney]

A coin does not exist until a hundred wallets want it.

Propose a coin on https://t.co/MWGwGYMBFY. Wallets pledge SOL to it, one seat each. When the hundredth seat fills, the coin is created and every seat buys in the order it came. Miss quorum by the deadline and everyone gets their SOL back.

There is nothing to snipe, because there is nothing there yet.

[分康_윤여랑_Yunyeorang @Yunyearang]

아랍권에서 딸을 데리고 와서 매를 사주는거보다 딸을 데리고 나온게 놀랍다