one wallet buys block zero.
A psst coin doesn't look like a normal launch on a trading terminal, because the coin's own pot address creates the pool, buys for the whole circle and then pays everyone holding. This page explains what you'll see and how to check it. The numbers behind it live on the rules page.
- Dev wallet
- the pot
- the coin's own address
- Block zero
- 20 wallets
- the whole circle, one buy
- Fee claims
- at a goal
- a payday
- Swaps
- ZEC or XMR
- bought with SOL
a coin, on chain.
Every coin goes through the same steps. All of them are public transactions from the coin's pot address.
- 01circleuntil all 20 spots are taken
Plain SOL payments from each wallet to the coin's pot address, one spot each. No token exists yet, so there is nothing for a terminal to show.
- 02go live1 transaction
The pot address creates the Raydium LaunchLab pool and buys with the whole pot in the same transaction. That buy is block zero.
- 03deliveryusually under a minute
The pot address sends every member their tokens (the same bag each, since every spot costs the same), plus any refund over the spot price. Six wallets per transaction.
- 04paydaywhen it hits a goal
When the coin reaches its fees goal or its next market cap milestone, whichever comes first, the pot claims the coin's 0.5% creator fee, buys the pay coin with one Jupiter swap and sends it to holders. Burn coins save it in the burn vault until 0.1 SOL, then buy back and burn.
- 05take homefrom 0.1 SOL
For holders who set a Zcash address: the pot sends their waiting SOL to a NEAR Intents deposit address, and native ZEC lands on Zcash.
when it shows up.
Instant coins appear on terminals as soon as the start fee lands. For circle coins: while the circle fills, only on psst. The coin is listed under circles filling now from the moment its start fee lands, with its spots taken and its spot price. Its mint address stays on the server until it goes live, so no terminal, bot or sniper can see it. That's the point.
From go live, everywhere. psst coins are standard Raydium LaunchLab pools, so they show up wherever LaunchLab does: Axiom (Pulse, under the LaunchLab protocol), GMGN, DexScreener and Jupiter. Name, ticker, image and links come from the coin's metadata, which psst hosts. Most terminals label the launchpad as LaunchLab rather than psst.
A circle only goes live full. All 20 spots must be held by unlinked wallets. If they aren't within 24 hours, nothing is created and every wallet is refunded, so a psst circle never shows up on terminals half empty.
terminal flags, translated.
Terminals are built to catch devs who buy their own coin in block zero and pass it to their wallets. On psst that pattern is the fair part, so the flags trip. Here is what each one means.
| Axiom or GMGN says | On a psst coin it is |
|---|---|
| Dev or creator wallet | The coin's pot address. It isn't a person. psst's server holds its key, and it only ever creates the pool, buys with the pot, sends tokens, refunds, pays holders and burns. |
| Dev bought a large share in block zero | The whole circle buying at once. Every member's SOL is inside that one buy, at one price. On an instant coin, it is the starter's opening buy. |
| Dev holding near 100% for a few seconds | Tokens waiting to be sent to the circle. It drops to nothing once the delivery transactions land. |
| Dev sent tokens to several wallets | The delivery transactions, six wallets each. Every one is linked on the coin page. |
| Bundle %, insiders or snipers | The circle members: the wallets that received tokens from the pot. They paid the same price, and every one of them passed the linked wallet check at the door. |
| Dev claimed creator fees | A payday. The pot claims the coin's 0.5% fee each time the coin hits a payday goal: its fees goal or its next market cap milestone. Holders' share leaves the pot in the same run; a burn coin's share waits in the pot as its burn vault. |
| Dev swapped SOL for ZEC or XMR | The payday swap: one Jupiter swap per payday, buying the pay coin for every holder being paid. |
| Dev sent ZEC or XMR to many wallets | The payday transfers, seven holders per transaction, each opening the holder's pay coin account if needed. |
| Dev sent SOL to an unknown address | A take home send: SOL going to a one time NEAR Intents deposit address, to arrive as native ZEC at a holder's Zcash address. Only from 0.1 SOL. |
| Dev holding SOL | Carry (shares too small to send yet), take home balances still collecting, or a burn coin's vault filling up. The coin page shows each. |
| Dev buying and burning | A burn coin (or half and half). Once the vault holds 0.1 SOL, the pot buys the coin on its curve and burns exactly what it bought. |
| Dev still holding after delivery | A starter lock. The starter's own tokens stay in the pot and release evenly over 7 days, in small slices, straight to the starter's wallet. |
Exact labels differ by terminal and change over time. The on chain pattern above doesn't.
a payday, on chain.
Three kinds of transaction from the pot address, the same whichever goal set the payday off. The field names are the ones in the API.
claimTx1 txThe pot claims the coin's LaunchLab creator fee into itself, in SOL. Signed by the pot.
swapTx1 txOne Jupiter swap from SOL into the pay coin for everyone being paid this payday. psst measures what landed in the pot's own pay coin account and splits exactly that.
payTxs1 per 7 holdersPay coin transfers from the pot to holders. Each one opens the holder's account first if it isn't there yet, paid from that holder's own share.
Holders without a pay coin account are only paid once their share reaches 0.02 SOL, because their first payout pays its own account rent (about 0.002 SOL). Smaller shares carry in SOL to the next payday, so some paydays send to fewer wallets than hold the coin. The payday row on the coin page shows what was paid, what carried and what went home.
Reading the newest payday from the API.
watch the goals.
A payday runs when the coin reaches its fees goal or its next market cap milestone, whichever comes first. Both are public.
On the coin page, the payday card shows the fees collected so far against the fees goal, and the market cap against the next milestone. Both are read from the chain every 60 seconds. Its goals section lists the milestones ahead and every one already reached with the market cap at the time, and each payday row says which goal set it off.
In the API, the same numbers are on every coin as goals (feesCollectedSol of feeGoalSol, marketCapUsd against nextMcapUsd), and every payday carries a reason of fees or mcap.
Quiet coins wait. The fees goal fills only as fast as people trade, so a coin with little volume can take a long time to reach it, and a milestone may never be reached. Nothing runs on a timer in between.
Reading live coins from the API.
take home, on chain.
Zcash coins only. Monero is paid on Solana.
- 01sign
The holder signs one message on take home with their Zcash address. No transaction, no funds move. psst checks the address with a dry NEAR Intents 1Click quote.
- 02collect
On every Zcash coin, that holder's payday share collects in SOL in the coin's pot instead of being swapped, until it reaches 0.1 SOL.
- 03send
The pot asks 1Click for a live quote (SOL to native ZEC), then makes one plain SOL transfer to the quote's one time deposit address and submits it to 1Click.
- 04arrive
NEAR Intents delivers native ZEC to the holder's Zcash address. If it can't, the refund goes to the holder's own Solana wallet, never back to the pot.
On an explorer that send is a SOL transfer from the pot to an address that never appeared before. The coin page and the API list each one with its deposit address, the ZEC quoted and the 1Click status (takeHome[]).
check a coin yourself.
- 01Open the coin page
Find the ticker on the coin list, or ask the API with the mint. If the starter didn't set a website, the website link on terminals is the coin page.
- 02Match the pot address
The coin page shows the pot address. On the terminal, the dev or creator wallet should be that same address.
- 03Match the circle
The coin page lists every member, what they paid, their tokens and their delivery transaction. Those are the wallets a terminal calls bundle or insiders.
- 04Check the price
Every member's tokens divided by their SOL gives the same entry price, shown on the coin page.
- 05Check the paydays
Each payday lists which goal set it off, its claim, its swap and its transfers, plus how much was carried or sent home. Open any of them on an explorer.
- 06Ask the API
Paste the mint into /api/v1/coins/mint/{mint}. If it is a psst coin, everything above comes back as JSON.
risks.
A fair start doesn't make a coin safe. After it goes live it trades like any other coin.
- Concentration after delivery
Before delivery the pot holds the whole buy. After it, look at the real wallets. A circle of many small, unlinked wallets is healthy; a few large holders aren't.
- Wallets after go live
Anyone can buy once the pool is live. Clusters that show up after block zero are normal trading, not part of the circle, and psst doesn't vet them.
- Lookalikes
Ticker, name and tweet lock on psst for 72 hours, and near misses get a lookalike warning. Coins launched elsewhere with the same ticker aren't psst coins. Check the mint.
- The pay coin moves
ZEC and XMR on Solana are tokens with their own markets. A payout is worth what the pay coin is worth when you look, both ways.
- Take home depends on NEAR Intents
1Click quotes, fees and routes are theirs. A quote can fail, in which case the share keeps waiting or is refunded to your Solana wallet.
- Memecoins can go to zero
Paydays only come when a coin hits its goals, so a quiet coin may wait a long time for its next one. No amount is promised, and nothing here is a promise of profit.
build on psst.
read it all as json.
/api/v1/coins/mint/{mint}.