Competition time.
The first coin launched on Shortpad to bond on https://t.co/6KJKyKKMpL gets 10 SOL of it bought and burned by us.
Launch at https://t.co/voJVWuGtFn.
We'll quote this post with the burn tx when it lands.
Shortpad so far:
651,974 $SPAD bought and burned
87 buy and burn transactions
6 launches feeding the burn
All of it paid for by creator fees. None of it by us.
https://t.co/s1qyre1Ckb
Launching on Shortpad:
> Free. We pay the launch fee.
> Dev buy optional, capped at 2 SOL.
> 3 launches per wallet per day.
> 0% of creator fees to the dev.
https://t.co/voJVWuGtFn
Here's an example:
This coin's fee pool: 0.0854 SOL
Room for shorts: 80% of that, 0.0683 SOL
A 0.05 SOL short reserves 2× its stake: 0.1 SOL
0.1 is more than 0.0683, so the ticket stops it.
The pool only takes a short it can pay in full. As the coin trades, its creator fees refill the pool and the room grows.
How a winning short gets paid on Shortpad:
1. Open. Strike is the live price.
2. Price falls. No margin, no liquidation.
3. Cash out. Five minute median. The pool pays up to 2× your stake.
Track your positions: https://t.co/013wJZjLGn
Every coin on Shortpad starts as Filling.
When its fees give the pool room, it flips to Shorts open.
If open shorts use the room, it pauses until more fees land.
Three numbers on every Shortpad coin:
House: what the pool holds.
Reserved: what open shorts have locked.
Room: what a new short can take.
https://t.co/2vz0FxIJMO