How it works

The life of a coin, from launch to graduation, in one page.

Every coin on Pairity follows the same path: it is created with a fee split that can never change, it trades on a bonding curve, and when the curve fills it graduates to a permanent DEX pool. Trading fees flow to the people in the split the whole time, before and after graduation.

Most coins run on Pump.fun. Coins paired with a token that Pump.fun does not accept run on a Meteora Dynamic Bonding Curve instead. The steps are the same; only the venue differs.

The life of a coin#

  1. Launch

    You pick a name, ticker, image and a pair (an account, a wallet, a company, an AI model, or a token). You choose how the creator fees are split, and approve the launch once in your wallet. The coin, its fee split and your optional first buy are sent together as one bundle.
  2. The split is locked

    On Pump.fun, the split is written into the coin’s fee-sharing config by a one-time key that is erased right after. On Meteora, the split is part of the coin’s own config, which can never be changed. Nobody can edit the split later, including you and the platform.
  3. Bonding curve trading

    Anyone can buy and sell. The price moves along the curve as tokens are bought and sold. The supply is fixed at 1 billion tokens; no one can mint more.
  4. Fees are paid out

    Every trade pays a creator fee. The platform’s worker distributes it to every shareholder about every 15 minutes once enough has built up, and the creator can trigger a payout at any time with the Claim button.
  5. Graduation

    When the curve sells out, the liquidity moves to a DEX pool: PumpSwap for Pump.fun coins, a Meteora DAMM v2 pool for Meteora coins. Trading continues there and the split keeps paying.

Where the fees go#

The creator fee is shared between the recipients chosen at launch. The platform share is fixed; the creator divides the rest.

RecipientHow it is paid
CreatorStraight to the creator’s wallet.
Paired accountA wallet is paid directly. Social accounts and companies are paid into an escrow until they prove ownership.
HoldersCollected in the coin’s holder vault and paid to holders about every 6 hours.
Buyback & burnCollected in the coin’s burn vault; the coin is bought back and burned about every hour.
AI vault (AI coins)Pays for the coin’s AI, per request in USDC. Used only for the AI, with no cap and no overflow.
PlatformHalf buys back and burns the platform token, half goes to the treasury.

Note

The default split for a paired coin is 56% creator, 24% paired account and 20% platform. See Fee split for every option.

What runs in the background#

A single worker process keeps every coin running. Among other things it:

  • indexes trades on the curve and, after graduation, on the DEX pool;
  • confirms new launches and checks for graduation;
  • distributes creator fees every 15 minutes;
  • forwards and expires paired-account escrows;
  • pays holder rewards and runs buybacks and burns;
  • converts the platform share and buys back the platform token.

Every vault payout, buyback and burn is recorded and shown on the coin’s page with its transaction.