OVERVIEW
A launch platform with a limited membership layer.
IPO means Initial Pump Offering. It combines instant fair-launch tooling, curated presale preparation, 1,212 desk NFTs, and IPO Watch research rooms. A creator can prepare a launch without a desk; membership participates in separately disclosed desk pools and unlocks optional product tools.
Project tokens are not company IPOs. Third-party tokenized pre-IPO exposure requires explicit provider and rights verification.
PROPOSED V1 MINT POLICY
1,212 desks at 0.12 SOL.
100% or 0.12 SOL per desk, attributable to that desk until purchased or claimed under published rules.
Network and account-creation costs are disclosed separately.
None. No token lock or burn is required to mint.
145.44 SOL gross and 145.44 SOL of mint-funded asset capital. This is a scenario, not funds raised.
The revised source routes the full mint price to desk-attributed asset capital, but the program is not verified as deployed. Minting remains disabled.
OWNERSHIP AND EPOCHS
Earned balances stay; future rights move.
One desk equals one base participation unit. Initial desk capital stays attributable to that desk. Revenue rewards accrue to eligible owners by finalized epoch. Selling a desk transfers participation starting with the next epoch; rewards finalized for the previous owner remain claimable by that owner.
The integer epoch adapter, rounding, excluded-address handling, transfer cutoff, and duplicate-claim protection are tested locally. A production indexer, accumulator/vault, ownership proofs, and claim program are not deployed.
PREVIEWASSET REGISTRY
No address, no purchase.
An asset record must include exact chain and mint, provider, category, backing and rights documents, transfer constraints, token program and extensions, authorities, supported quote route, liquidity limits, purchase status, and verification time.
Project/community tokens, third-party tokenized private-company exposure, and issuer-authorized securities are distinct categories. IPO currently has no purchase-enabled tokenized pre-IPO asset. Failed quotes retain visible unspent capital; the system never silently substitutes another asset.
BLOCKEDIPO ROOMS / IPO WATCH
Research can exist without a token.
Room drafts capture a thesis, dated source, catalyst with confirmed/reported/speculative status, invalidation criteria, author identity, and sponsorship or financial-interest disclosure. Local drafts, preserved browser revisions, follows, bookmarks, alert preferences, and share-card copying work now.
A campaign lab stores campaign terms and pending contributions in the browser without claiming funding, review, rewards, or publication. Authentication, durable storage, real notifications, discussion, moderation, reviewer decisions, funding, and reward receipts require backend services. No fake rooms or engagement numbers appear while those services are unavailable.
PREVIEWTWO LAUNCH PATHS
Instant fair launch or curated presale.
The instant six-step builder records token metadata, reviewed reward asset, fee shares, optional initial buy, full review, and execution readiness. Drafts persist through interruption. Pump create_v2 can compose creation with an initial buy; successful bonding curves graduate to PumpSwap.
Curated presales use a separate application and published terms. Deposits require reviewed segregated escrow, caps, tranche rules, oversubscription treatment, settlement authorization, cancellation, and refunds. A Pump bonding curve does not provide fixed-price presale escrow by itself.
Metadata storage, final recipients, Pump SDK transaction execution, creator authorization, and post-transaction chain-state verification are not connected. A saved launch packet is not a launched token.
Pump's current fee-sharing flow creates an initial config with the creator at 100%, then permits one final recipient update that revokes the admin. Sweeping and distribution are permissionless. IPO must read that resulting config on-chain before describing a route as verified; fee distribution alone is not a holder reward accounting or claim system.
PREVIEWTHIRD-PARTY CREATOR-FEE TEMPLATE
60 / 15 / 15 / 10.
60% of creator fees actually collected.
15%, allocated equally per eligible desk by epoch.
15%.
10%, the proposed disclosed platform share.
This is configurable and applies to creator-fee receipts, not total volume or all trading fees. It cannot redirect an existing coin without creator authorization. Routing is verified only after reading chain state.
For IPO’s own token, the planned policy is 100% of creator-fee receipts actually received by the project toward desk-holder purchases, with execution costs funded separately by operations. It remains planned.
ACCOUNTING STATES
Contributed is not earned.
Initial capital waiting, mint-funded assets purchased, recurring revenue awaiting investment, revenue-funded rewards, claimable balances, claimed balances, and operations are separate. Mint capital is not yield or recurring revenue. No APR, redemption floor, principal protection, or resale guarantee exists.
Receipt deduplication, integer splits, per-desk allocation, dust preservation, purchase-failure retention, and duplicate claims are tested. Production collection, purchase, and claim infrastructure remains blocked.
OPTIONAL $IPO UTILITY
Five tool levels and a proposed 100% burn.
The proposed progression is Member, Scout, Analyst, Operator, and Studio. Features may include alerts, research organization, analytics, exports, creator tools, personalization, and artwork. Basic holdings, claims, receipts, disclosures, and equal economic participation stay available to every entitled desk.
The configured draft sends 100% of any future upgrade payment to an $IPO burn and zero to the desk or operations pools. Pricing, payment, and on-chain burn execution are disabled until the token mint and program are verified. Upgrades never multiply reward weight.
IMPLEMENTATION STATUS
Available, preview, and blocked.
Sourced drafts, revision history, local follows, bookmarks, alert preferences, and share-card copying work in this browser.
Campaign drafts and pending contribution submissions persist locally; funding, review, rewards, and publication need production services.
The revised Anchor source atomically routes and records the full mint price as desk-attributed asset capital; it is not deployed or externally reviewed.
Drafts persist in this browser and produce a complete review packet.
Requires metadata storage, production recipient wallets, SDK transaction QA, and operator enablement.
Integer accounting and receipt deduplication are tested; no production indexer is connected.
Equal per-desk allocation logic is tested; vault, purchase, and claim programs are not deployed.
Integer burn accounting is tested at the configured 100% burn share; prices, payment, and on-chain burn execution remain disabled.
Applications can be retained as a local draft; server submission is not connected.
DISCLOSURES
Exposure is not equity by default.
Tokenized private-company exposure may be a third-party instrument with contractual, eligibility, transfer, liquidity, and counterparty constraints. It must not be described as company stock, voting rights, official affiliation, or guaranteed IPO access unless issuer-supported documentation proves those exact rights.
No launch, asset availability, valuation, reward, claim value, liquidity, return, acceptance, or resale is guaranteed. Passing tests is not a smart-contract audit.