Launch or trade a coinstep 1 of 5

Coins

Every coin starts on a Meteora Dynamic Bonding Curve quoted in a card token, with pump.fun's exact curve shape scaled so that the curve raises N cards. 79.31% of the supply is sold on the curve, the price rises 14.7x along it, and at N cards raised the coin graduates to a COIN/CARD pool.

On this page

The coin

Property	Value
Supply	1,000,000,000 coins, the same before and after graduation
Decimals	6
Token program	Token-2022
Metadata	Written by Meteora at launch: name up to 32 bytes, symbol up to 10, URI up to 200. Immutable
Quote	The card token of the coin's class
Venue	Meteora DBC, then Meteora DAMM v2 after graduation

Launching a coin

Anyone can launch. launch_coin (card-launch) requires that:

the class's market is enabled, and
the class is not flagged as undercollateralized (Backing and poke).

It then creates the coin's curve through Meteora DBC on the market's current config, with a fresh Token-2022 mint whose whole supply DBC holds, and records the launch. In the app, the card page has a Launch action: the coin's mint key is generated in the browser and co-signs after the wallet.

The curve

pump.fun's bonding curve is a constant product of virtual reserves: it starts at 30 SOL against 1.073B tokens and completes when 793.1M tokens are sold, which raises 85 SOL. pokedex keeps that shape exactly and replaces SOL with card tokens, scaled so that the raise is N cards. DBC's single curve segment with constant liquidity is itself a constant product between its two prices, so it reproduces pump.fun's curve.

79.31%of the 1B supply is sold on the curve (793.1M coins)

20.69%goes to the DAMM v2 pool at graduation (206.9M coins)

14.7xthe price from the first buy to the end of the curve

N cardsraised when the curve completes, in card tokens

Market cap at launchabout 0.329 x N cards (1B supply at the start price)

Market cap at graduationabout 4.83 x N cards (1B supply at the end price)

pump.fun's curve (30 SOL and 1.073B coins of virtual reserves, 85 SOL raised), with every SOL amount scaled so the raise is N cards.

Figure	Value
Sold on the curve	79.31% of the supply (793.1M coins)
Left for the pool at graduation	20.69% of the supply (206.9M coins), at the final curve price
Price range of the curve	14.7x from start to end
Raised at graduation	N cards, in card tokens (N x 1,000 tokens)
Market cap at launch	about 0.329 x N cards
Market cap at graduation	about 4.83 x N cards

These are the same ratios as pump.fun's: about 28 SOL of market cap at launch and about 411 SOL at graduation, against an 85 SOL raise.

Graduation target

N defaults to half the cards vaulted in the class when the market's config is written, and it must be above 0 and below the number of cards vaulted. So a class with 10 cards in the vault launches coins that graduate at 5 cards raised (5,000 card tokens): a market cap of about 0.329 x 5 = 1.6 cards at launch and about 4.83 x 5 = 24 cards at graduation.

Meteora configs cannot be changed. When more cards are vaulted, the admin writes a new config with the new N and points the class's market at it; coins already launched keep the config they launched on.

The rest of the config

Setting	Value
Curve fee	Set per config; the default config charges 1% of each trade, in the card token. See Fees
Creator share	Set per config; the default config gives the coin's creator 50% of the fee after Meteora's share
Activation	Trading opens at once (slot-based activation)
Migration	Meteora DAMM v2, config `7F6dnUcRuyM2TwR8myT1dYypFXpPSxqwKNSFNkxyNESd` (FixedBps25)
Graduated liquidity	100% permanently locked, held by pokedex's `fees` account
Not used	Vesting, migration fees, pool creation fees, dynamic fees

The rest of this path

Solana mainnet

Written from the protocol, security and card documents of the pokedex repository and from its code (card-vault, card-launch, cp-ix). Every figure on these pages comes from there.