One token, shared backing
The fund program holds constituent tokens in dedicated vaults. An index token represents a pro-rata claim on the spendable backing. Prices and USD valuations are estimates from external providers; token balances and reserved claims come from chain.
Fifty equal-weight targets
The target is 50 eligible Solana memecoins at approximately 2% each. Actual weights drift with market prices and available liquidity. A target allocation is not a statement of the current vault balance.
Eligibility includes supported token behavior and usable liquidity. A ranking provider supplies candidate market data; the operator determines and executes the bounded composition changes.
A check every minute
The operator evaluates fresh rankings, prices, drift and quotes every 60 seconds. A check may produce a trade, a skip, or an unavailable-data result.
Trades are capped at 5% of the source slot's spendable book balance and each affected slot has a 60-second cooldown. Amounts already reserved for redemption are excluded. These limits do not prove a fair execution price.
Burn, reserve, withdraw
Burning an index token creates a ticket containing fixed token entitlements. It moves that share from spendable backing into reserved obligations; constituent tokens do not all need to move in the burn transaction.
Withdrawals happen in smaller batches. You can resume an open ticket and claim unrelated assets separately if one asset fails. The operator and trading pause do not authorize or block these exit instructions.
- Review the amount, retained redemption fee and estimated net token shares.
- Simulate the transaction, review the result and approve it in your wallet.
- After the burn confirms, withdraw your reserved coins in manageable batches.
- Keep the ticket or transaction link if confirmation is unresolved.
Rounding and fees
The redemption fee is 1%, retained in the basket. Gross shares round down and fees round up in each token's base units. Very small shares can round to zero. A burn that consumes all remaining live supply pays no redemption fee.
Creator-fee receipts use separate custody: 50% for basket backing, 25% for index buyback and burn, and 25% for holders. The interface separates receipts, allocations and completed execution. Holder claims depend on the published eligible-balance snapshot as well as the on-chain claim cap.
Adding to the basket
A backing contribution adds constituent tokens for existing holders. It leaves index-token supply unchanged. To acquire index tokens, use the Buy flow and review the swap quote.