How Penny Stonks works

A pair is a coin plus the cheap ticker it is named after. The coin has its own supply and its own bonding curve. The ticker is a reference printed next to it — a thesis that stays legible instead of being buried in a group chat.

The pairing does two concrete things: it names the coin, and it points 100% of the coin's creator fees at a treasury address. It does not give holders any ownership of, claim on, or exposure to the underlying company.

This site never holds a private key. Every transaction — creating a coin, buying, selling, routing fees, releasing fees, paying holders — is built unsigned on the server and returned to your browser. Your wallet signs it and submits it.

The practical consequence: the server cannot move your funds, and it cannot move the treasury's either. There is no hot wallet to compromise. — app/api/launch/prepare, app/api/trade

A launch takes two signatures, and they are independent. Understanding that is the difference between a coin that routes fees and one that only looks like it does.

1. 1

   Metadata is uploaded and an unsigned mint transaction is built

   Your name, ticker, description and image go to IPFS, and a pending row is recorded. Every field is re-validated here regardless of what the form allowed.

2. 2

   Your wallet signs the mint

   Signed by your wallet plus the new mint's keypair, then submitted. Broadcast is not confirmation, so the app polls until the network confirms it — a coin is not treated as live on the strength of a submitted transaction.

3. 3

   A second signature routes the creator fees

   Setting the fee split is its own transaction and its own approval. This is the step that makes the pairing real.

When the split is set, 100% of the coin's creator fees are directed to the treasury — the launcher keeps none of them. This is stated on the launch form before anything is signed, because it means giving up fee income.

The split is permanent. pump.fun revokes the config's admin once it is set, so once a coin is paired it stays paired. This was verified by decoding live sharing configs on chain rather than taken from documentation. — lib/solana/fee-split.ts

Moving accrued fees out of the vault is a separate, permissionless action. Its recipients are read from the on-chain config, not from whoever submits it — so the caller cannot name themselves or redirect a single lamport. They only pay the ~5,000-lamport network fee.

That is why the release button on a coin's page is safe to expose to anyone. In the words of the module that builds it: the signer is paying postage on someone else's mail, and the address is already written on it. — lib/solana/distribute.ts

• Releases below 0.0002 SOL are refused — cranking dust burns more in fees than it delivers.
• 890,880 lamports stay behind so the vault account remains rent-exempt.

The intended purpose of the treasury is to buy the tokenized version of the paired stock. For most coins here, that is not possible, and the site says so on the coin's own page rather than describing a buyback that will not happen.

• Most paired stocks have no tokenized version. xStocks coverage is inverted against this site's premise: blue chips are tokenized, cheap tickers generally are not. With nothing to buy, there is no buyback.
• A tokenized version existing is not enough. Some xStocks have no swap route on Solana at any size, so they cannot be bought even though the token exists.
• Buys are manual. No treasury key exists on the server, so it cannot spend the treasury. An operator executes purchases.

Where no stock can be bought, collected fees are distributed to holders as SOL instead. Holders receive the fee value, never the security.

Paying every holder is arithmetically impossible: a coin with tens of thousands of holders would owe more in network fees than it ever earned. Distributions are therefore bounded, and the bound is stated rather than hidden.

• Up to the 20 largest holders the RPC will report, in batches of 15 transfers, each signed by the treasury wallet in a browser.
• Liquidity pools and program addresses are removed twice over — once by account owner, and again by checking whether the address is a valid public key at all.
• Each batch is confirmed on chain before the next is signed, so an unlanded batch is never counted as paid.

Buys and sells execute against pump.fun's bonding curve and spend real SOL. Slippage defaults to 15% and is editable before signing. Your wallet shows the exact cost before you approve anything.

A coin whose market is not live shows a disabled panel labelled Not live rather than a button that looks ready. Balances are never guessed: if a wallet is not connected, the panel says the balance is unknown instead of printing a number you might size a trade against.

Prices come from DexScreener where a pool exists for the coin, and are left blank where none does. A blank price is deliberate — an invented one is worse than none.

DexScreener's API publishes no candle or time-series data of any kind, so the candlestick chart on a coin's page is DexScreener's own embedded widget rather than something drawn from their API. If that widget fails to load in your browser, the link beside it opens the same pair directly; the link is always present, never a fallback.

One row per launch: the mint address, the creating wallet, the name, ticker, description and metadata URI, the paired ticker, any project links you supplied, the transaction signatures, and timestamps. No accounts, no passwords, no email.

The paired ticker is snapshotted at launch, so a later change to our catalogue can never silently re-point an existing coin at a different security.

Fee-routing columns are kept as provenance only. Whether a coin is actually paired is read from the chain on every page load, because our columns can only answer “did we record a split” — not “is one set”.

• Memecoins are extremely high risk. Most go to zero. Only spend what you are prepared to lose entirely.
• A coin gives you no ownership of, or claim on, the security it is named after.
• Fee routing is permanent and forward-looking. It applies to fees accrued after the split is set, not before.
• Distributions are bounded and discretionary in timing. Nothing here accrues to you automatically.
• Nothing on this site is financial advice.

Penny Stonks has no official token. Any coin claiming to be one is not ours.