PoolPool / PRODUCT GUIDE
Understand token-pair markets.
From creation to holder rewards.
Use this guide to understand coin launches with supported quote assets on Pool. It covers reserve-based trading, fee destinations and the information available to verify holder rewards.
How It Works
A coin launched on Pool trades against a supported quote asset. Set its identity, select a pair and approve creation through your wallet; Pump.fun's on-chain programs perform the creation and manage trading through reserves. The pair specifies the trading asset. It provides neither a value guarantee nor a holder's right to redeem the coin for that asset.
Prepare a coin for launch
- Select a wallet account. Use a compatible account on Solana mainnet. A wallet connection alone neither creates a coin nor approves a purchase.
- Define the coin and its quote asset. Provide the name, ticker and image, and check the complete mint address for the selected quote.
- Decide whether to buy at creation. An initial purchase uses your chosen quote asset. Enter 0 if you want to create the coin without buying it.
- Approve and verify execution. Read the transaction request in your wallet before signing. The listing appears on Pool only once successful execution has been verified at confirmed status.
Select the pricing and trading asset
Every pair contains a base token and a quote asset: TOKEN / USDC uses TOKEN as its base and USDC as its quote. The launch studio offers SOL, USDC, listed stock or ETF-related tokens, and CUSTOM. Before preparing creation, Pool checks whether the chosen quote is compatible.
Using SOL as the quote
A SOL pair lets you fund an optional first buy with native SOL. Reserve additional SOL for transaction fees and account deposits. For identification, the studio shows the wrapped-SOL mint as the quote.
So11111111111111111111111111111111111111112Validate a custom quote
Supply the complete quote mint. Its available identity, decimals and token program are read to determine support by the launch engine. Preparation includes another compatibility check, so passing the preview check does not ensure that a subsequent launch will complete.
Quote assets in the Pump.fun documentationPublic identity and metadata
A name, ticker, image and optional description make up the public identity of your coin. The image and metadata are uploaded to IPFS, with the metadata URI passed in the creation request. Because these identifying details can be duplicated, confirm the mint address when checking a token.
| Field | Input requirement |
|---|---|
| Name | Provide a name of up to 32 characters. |
| Ticker | Provide a ticker of up to 10 characters; typed input becomes uppercase in the studio. |
| Image | Upload a PNG, JPEG or WebP image no larger than 4 MB. |
| Description | You may add a description of up to 1,000 characters. |
| Website, X, Telegram | Each optional HTTPS link may contain up to 300 characters. |
How creation includes an optional buy
Pump.fun's create_v2 flow is used by Pool to create Token-2022 base mints. An optional initial buy forms part of that same creation transaction: both operations succeed, or both revert if execution fails. Network fees may still apply to a failed transaction.
Even with a non-SOL quote, you need SOL to cover transaction fees and required account deposits. For token-quoted initial purchases, the current flow uses a versioned transaction with a 1% slippage cap.
Token creation in the Pump.fun documentationInspect the transaction before approval
Review the creator account, new token mint, quote asset and buy amount. Before submitting, Pool compares the signed message with the prepared launch. Signing approval, submission and successful execution each represent a different stage.
Follow up on a pending confirmation
Remain in the same browser session and select Check launch. The signed transaction is retained within that session while pending, allowing its result to be checked. Review the stored signature before retrying creation; clearing session storage may delete the recovery record.
Transactions in the Solana documentationReserve changes and curve pricing
Curve pricing follows the market reserves. Buying increases the quote reserve and reduces base tokens; selling increases base tokens and reduces the quote reserve. Virtual reserves feed the price calculation, whereas real reserves constrain the assets available for exchange. Rounding and fees also influence the output.
The initial real token reserve, verified from the creation event, is compared with the remaining reserve to calculate bonding progress. Before completion, sells may restore reserves and lower that progress. Completed curves display 100%; for an incomplete curve, the figure is unavailable if the necessary reserves cannot be verified. Progress tracks reserve depletion rather than investment performance.
This input uses 10% of the initial virtual quote reserve. Each reserve begins at 100 model units, with an initial price index of 1.
There is no graduation threshold in this normalized illustration. An actual token must satisfy the completion conditions for its quote and undergo migration. Adjusting the slider has no effect on its real bonding progress.
The reserve figures represent supply available within this conceptual model rather than the total supply minted for a coin. They are not amounts of SOL, USDC or any other asset. This illustration omits fees, rounding, real reserve constraints and migration.
Read the model equations
In this idealized calculation, initial base reserve x₀ and initial quote reserve y₀ define a constant product x × y; marginal price equals y / x. For a buy, r = Δy / y₀ and p₁ / p₀ = (1 + r)². For a sell, r = Δx / x₀ and p₁ / p₀ = 1 / (1 + r)².
The average execution-price impact is calculated as |average price / starting price − 1|, which differs from the change in the final spot price. A quote that can execute on Pump.fun must use current state and the actual integer calculations in the SDK.
Distinguish completion from graduation
A completed curve has finished its curve phase, although migration can remain outstanding. Pool reports graduation only when the curve completion state and SDK migration check both confirm it. Each quote has its own completion conditions; there is no promised market-cap threshold or graduation timeline shared across all quotes.
Reading liquidity and valuation
Reserves govern the volume a market can exchange and the price movement a trade may cause. Market cap and FDV are valuation measures, not withdrawable balances. Liquidity fluctuates, and market information can arrive late or be missing. Graduation by itself confirms neither a liquidity lock nor the ability to sell.
Locate a coin and review its market
Browse the market directory for confirmed launches. Name, ticker and mint searches, along with quote-asset filters, help you find a coin. Its page presents the pair, curve state and available market information. Where names or tickers match, distinguish coins by their complete mint addresses.
Trading through the quote pair
To trade, follow the Pump.fun link from the coin's Pool page. Purchases spend the quote asset to receive the coin; sales exchange the coin for its quote asset. Confirm the destination market, applicable fees and wallet request before authorizing. The embedded GeckoTerminal chart on Pool shows activity only and cannot place an order.
Understanding execution differences
A trade changes the price according to its size relative to available reserves; this is price impact. Slippage describes the gap between the expected terms and those at execution. Consider both when trading, since neither a quoted price nor a chart assures the final amount received.
Fees
Pool does not add a separate fixed launch fee to the creation transaction. An optional first purchase, protocol trading fees, SOL network charges and account deposits may make up your costs. The allocation shown here describes Pump.fun trading fees, not an allocation of Pool holder rewards.
How protocol fees are divided
- Creator
- 0.30%
- Protocol
- 0.95%
- Liquidity provider
- 0%
Rates are percentages of the trade amount. The published Pump.fun schedule was checked on 9 November 2026. This illustration covers SOL/USDC bonding curves and does not extend to every quote asset or graduated pool.
For SOL/USDC canonical pools, PumpSwap applies market-cap fee tiers. Other quotes use their own schedules. Collection takes place in the pool's quote asset, while multi-pool trades have routing-specific treatment. These rates are subject to change.
Pump.fun fee rates and collection details| Cost | Cost details |
|---|---|
| Initial purchase | If included, the purchase is funded with your chosen quote asset. |
| Network & accounts | Allow for SOL transaction fees and mandatory account deposits; inspect the prepared transaction. |
| Fee collection | Pool provides no action for collecting fees. Use the applicable protocol tools to review creator entitlements and collection methods. |
Network charges may apply to a processed transaction even if execution fails. There is no guaranteed fixed launch price covering every cost.
Network fee details from SolanaHolder Rewards
A holder-reward program needs an established distribution mechanism and payments that can be verified. Pool currently sets no holder allocation, eligibility criteria or payment timetable during launch. Owning a coin created through Pool therefore does not itself confer a right to rewards.
| Information | Available information |
|---|---|
| Reward totals | A holder-rewards panel appears on token pages. The data it receives currently includes no payout totals and does not establish an active rewards program. |
| Distribution history | Cycle, amount and transaction columns are present, but the current data provides neither distribution entries nor payment signatures. |
| Claiming rewards | No holder claim or distribution action is available in the interface. A holder payment amount, asset or date cannot be confirmed through it. |
A creator-fee entitlement is distinct from a holder-reward entitlement. The earlier fee breakdown does not establish that creators pass their fees to holders. Pool's launch builders have cashback disabled, and the interface provides no automatic buyback or burn flow. This implementation establishes no holder percentage, payment interval or yield.
Tickers
Use a recognizable ticker for display and the complete mint address for identification. Symbols are not reserved by Pool, and choosing one grants no exclusive ticker rights.
| Rule | Behavior |
|---|---|
| Required input | After surrounding whitespace is trimmed, the required symbol must be non-empty and no longer than 10 characters. |
| Letter case | Typed symbols are changed to uppercase by the studio. |
| Duplicate symbols | Symbols are not checked for reservations or required to be unique; separate mints may use the same ticker. |
| Ticker charges | The application imposes no separate fee for reserving tickers, reusing symbols or selecting premium names. |
Matching names, symbols or artwork do not establish authenticity. Cross-check the complete mint address across the launch result, wallet history, explorer and market you intend to use.
Risks
Creating or trading a coin exposes you to partial or total loss. Pair support assures neither demand nor liquidity, rewards or future value. A confirmed launch indicates successful transaction execution, without evaluating the quality of the coin.
- Price movements and exit liquidity
- Sharp price swings are possible, and smaller reserves amplify trade impact. A displayed valuation does not ensure you can exit at that price. Graduation offers no assurance that liquidity will persist.
- Issuer terms for tokenized assets
- Stock-related quotes are separate tokens whose backing, custody, redemption rights, transfer restrictions and eligibility are determined by their issuers. Their link to the referenced asset may break. Using one as a quote does not give the newly paired token a claim to shares.
- Contract and service dependencies
- Execution and access may be affected by contract bugs, changes in authority, network interruptions, RPC failures or outages at third-party providers. Verify the configuration that actually exists on-chain.
- Token identity and data quality
- Copied metadata can obscure identity, while prices, charts and images may be outdated or incomplete. Independently verify the mint of both the base token and its quote.
Checks before wallet approval
Review the accounts, assets and amounts requested by your wallet, then confirm the execution outcome in an explorer. A token page or support message must never receive your seed phrase.
Frequently asked questions
01Is a wallet connection enough to create a coin?
Connecting does not create a coin. You must separately approve the launch transaction, which must then execute successfully on-chain. Read the wallet request before you sign.
02Is an initial purchase required?
You can create a coin without purchasing it by setting the initial buy to 0. SOL is still needed for transaction fees and mandatory account deposits.
03Does a stock-related pair convey share ownership?
No share ownership follows from the pair. The market uses a separate blockchain token as its quote asset; check that token's issuer and terms independently.
04What does coin ownership establish about rewards?
Ownership by itself creates no reward entitlement. Holder distributions are not configured in the current launch flow, and token pages are supplied with neither reward totals nor payment records. Check reported rewards against the coin's documented rules and verifiable payment transactions.
05Are ticker symbols exclusive?
A symbol can be shared because Pool neither reserves tickers nor requires uniqueness. Identify the coin by its complete mint address.
06How can I follow up on an unconfirmed launch?
Use Check launch from the same browser session and review the stored signature before creating another launch. Receiving a signature does not, by itself, establish successful execution.
Terminology reference
- Base token
- The coin created at launch that forms the base side of its trading pair.
- Quote asset
- The other asset in the pair, used to quote prices and trade the base token.
- Mint
- A token's identifying address on Solana, unlike a symbol or image that other tokens may also use.
- Bonding curve
- A market managed by a program that derives trade prices from its reserves.
- Virtual reserves
- Inputs for price calculations, separate from balances that can actually be spent.
- Real token reserves
- The base tokens still held in the curve's real reserve; this quantity is used in the bonding-progress calculation.
- Graduation
- The move to a subsequent market after curve completion, recorded as a distinct state from completion itself.
- Slippage
- The gap between anticipated terms and actual execution, bounded by the specified execution tolerance.
- Price impact
- A trade's effect on price, determined by how large it is compared with the reserves available.
- Market cap / FDV
- Valuations derived from price, neither of which represents funds a market can pay out on withdrawal.
- Transaction signature
- The identifier for looking up a transaction and checking how it executed.
- Token-2022
- The Solana token extension program used by the current create_v2 flow to create base mints.
Contracts & Addresses
The Solana programs below support token creation, bonding curves and protocol fee settings used by Pool. The application has no separately configured Pool-owned program or platform-token mint. Match the full listed address to the program called by the transaction under review.
PumpSwap
Automated market maker operated by Pump.fun
pAMMBay6oceH9fJKBRHGP5D4bD4sWpmSwMn52FMfXEAThese program addresses correspond to the constants exported by the installed Pump.fun SDK. Verify the full address against the program called in the transaction you are examining.
Reference mints for quote assets
Quote identifier for wrapped SOL
So11111111111111111111111111111111111111112Solana USDC mint
EPjFWdd5AufqSSqeM2qN1xzybapC8G4wEGGkZwyTDt1vOriginal HYPE quote mint
98sMhvDwXj1RQi5c5Mndm3vPe9cBqPrbLaufMXFNMh5gRecords for the historical HYPE quote keep their original mint address. Launches quoted in SOL, USDC or stock tokens do not require HYPE, and custom quotes must still pass compatibility checks. Links to stock quote mints are provided in the quote-asset directory.