How it actually works

What this is

On pump.fun every coin is quoted in SOL. The chart moves when SOL moves, the creator is paid in SOL, and a flat day for your community can still look red because the quote asset fell. That is not a flaw — it is what makes every pump.fun coin interchangeable — but it means the number your community actually reasons about is in a currency most of them do not think in.

ducate changes the unit of account, not the venue. Pick the Kenyan shilling and the coin is quoted in shillings, bought with shillings, and pays its creator in shillings — while the coin itself remains an ordinary pump.fun coin that anyone can trade anywhere.

167 units are available — world currencies plus metals, energy, harvest commodities, groceries and units the community forged itself. The choice is made at launch and cannot be changed afterwards.

The engine is pump.fun

We do not run a launchpad. When you launch here, ducate builds a transaction that calls pump.fun's own create instruction. What comes out is a pump.fun coin in every respect:

• a standard SPL mint, created and owned by pump.fun's program;
• one billion supply at six decimals, the same split between curve and pool;
• pump.fun's bonding curve, quoted in SOL;
• pump.fun's graduation to PumpSwap, on pump.fun's threshold;
• tradable on pump.fun itself, and by any router or bot, from the slot it exists.

This is deliberate. The part of a launchpad that holds the money is the part you should least want a new project writing from scratch, so we did not write it. Those numbers are pump.fun's to change, not ours.

What a unit actually is

Here is the seam, stated plainly: a unit is not the other side of the pool. pump.fun's curve takes SOL and nothing else, and offers no setting to change that. So the unit is the numeraire — the thing the coin is counted in. In finance that has never had to be the settlement rail, and it does not here either.

It shows up in three places:

What this does not do is insulate you from SOL. If SOL falls and your coin's SOL price holds, its price in rupees falls too. Denominating changes the units on the axis; it does not change what the market is doing.

Where units come from

Nobody issues Colombian pesos on Solana, so we do — otherwise "pay in pesos" would be a label on a SOL payment rather than a thing you can hold. Each unit is an ordinary SPL mint whose entire supply sits in a single DLMM bin.

One bin is one flat price band. It is not a curve: the whole supply is offered at a single price, and buying some of it does not move that price, which is exactly what a unit of account wants. A peso should cost the same whether you buy one or ten thousand.

A keeper moves that bin when the real rate drifts. It reads Pyth and Switchboard and acts only when both are fresh and agree within a tolerance, so one stale or manipulated feed changes nothing — it simply fails to agree and the bin stays put. A unit whose feeds disagree is flagged stale on the shelf before you buy.

Selling a unit back draws on the USDC its own bin has collected. Every unit has its own vault PDA, so the vault can never owe more than it holds and one unit can never drain another — a run on the lira does nothing to the yen.

The honest weak point: a unit is exactly as trustworthy as the oracles behind its bin, and a forged unit has none at all.

Forging your own unit

If the unit you want does not exist, make it. Name it, give it a code, say what one is worth in dollars and how many exist. The whole supply goes onto a bin at that price in one transaction.

Three things are permanent from the moment you sign:

• The code. First come, fixed, no transfer and no dispute process.
• The price. Placed once. A forged unit has no keeper and no instruction that could move it, so whatever you typed is what it is worth forever.
• The proceeds. The USDC buyers pay stays in the pool as the liquidity later sellers sell back into. You never receive it.

Launching a coin

Give the coin a name, a ticker and art, choose its unit, and set your terms. ducate records the unit choice in its own PDA and calls pump.fun to create the coin.

The unit choice is the one thing that is ours and permanent. Everything else about the coin belongs to pump.fun and behaves exactly as it would if you had launched there directly.

You may lock or vest your own first buy. Locking moves it to a lock PDA that neither you nor we can withdraw from until the term is up, and the coin's page reads that PDA rather than taking your word for it.

Fees, and who really takes them

This is where being built on somebody else's engine has a consequence worth spelling out. pump.fun creates the mint with its own authority, so ducate cannot attach a token-level fee to your coin. That means our fees are not properties of the token — they are properties of the route.

So a creator's tax is real income, but it is income on the volume that comes through ducate, not on all volume. Someone who opens the coin on pump.fun directly pays the first line and nothing else. The trade panel shows both figures side by side rather than quoting a number you will not always pay.

If you need a fee that binds everywhere, this is the wrong venue, and you should launch a Token-2022 mint with a transfer fee instead of a pump.fun coin.

Graduation

Fill the curve and pump.fun migrates the coin to PumpSwap, against SOL, on its own threshold and its own schedule. The liquidity is burned on migration — by pump.fun. ducate never holds it and could not pull it if it wanted to.

After graduation the coin keeps trading and this site keeps quoting it in its unit. Nothing about the denomination changes; the venue underneath it does.

Graduation depends entirely on demand, and most coins never reach it.

Getting paid

Creator earnings accrue in SOL, because SOL is what the curve pays out. When you claim, ducate routes them into the unit your coin is denominated in, so a coin launched in yen pays you in yen even though the curve underneath never touched a yen.

You can also claim in SOL and skip the conversion. The vault shows both, and the routed amount is quoted before you sign so a thin market on your unit is visible rather than discovered afterwards.

The ducate token

ducate's own token launches on pump.fun, like everything else here. It is the one coin connected to this site that is not denominated in a unit: pump.fun quotes in SOL, and we would rather play by the venue's rules than write ourselves an exception.

How to verify it. The mint address is published on the home page of this site first, and linked out to pump.fun second — never the other way round. Until an address appears there, any token using this name is somebody else's. Check the mint address, not the name, the picture or the social account: all three are trivial to copy and the mint is not.

What it costs

Two different kinds of cost get confused on Solana, so this site quotes them separately.

Fees are spent. The base signature fee is 5,000 lamports, plus a priority fee to get into a block when the network is busy. Together, a fraction of a cent. pump.fun's create fee sits on top and is also spent.

Rent is a deposit. Every account storing data must hold enough SOL to be rent-exempt. That SOL is not spent — it sits in the account and returns if the account is closed — but you must hold it at signing. Creating a coin opens a mint, a metadata account and the curve's token account, so the mint page quotes the deposit separately from the fee and shows the total you need in your wallet.

One more line the vault surfaces: every token you have ever held left an account behind, each holding a little rent. Closing the empty ones gives it back.

What can go wrong

These are memecoins. Most go to zero, and denominating one in a real unit changes what it is quoted in, not whether it is worth anything. Nothing here is an investment product and nobody is obliged to buy your coin back.

• Denomination is display and routing. It does not hedge you against SOL.
• Creator tax and holder fee bind routed trades only. Direct pump.fun volume pays neither.
• A unit is only as good as the oracles behind its bin; a forged unit has none.
• A forged unit's price never moves, however far the real world moves away from it.
• Routing adds a hop. A thin market on your unit means worse execution, not a failed trade.
• The curve, the supply and graduation are pump.fun's. If pump.fun changes them, they change here too.
• The unit is permanent. Read it before you buy, not after.