Proposals
reading the chainPledge. A proposal names a coin and a quorum. Wallets put SOL in a vault, one seat each, inside the min and max. Nothing is minted, so nothing can be sniped. Quorum. The seat count is the whole rule; when it reaches the quorum anyone can crank the launch. Settle. The crank creates the coin on pump.fun and settles the seats one by one in the order they came: the vault buys, the tokens go to the pledger, the seat's rent comes back. Miss the deadline and the same vault refunds instead.
Why a headcount and not a raise. A raise measures SOL, and one wallet can be all of it. A quorum measures wallets, and the max pledge caps what any one of them can take of the open. A hundred seats at 0.5 SOL is fifty SOL of first buys across a hundred people, which is a different coin from fifty SOL in one hand.
The vault. Pledges sit in a system account derived from the proposal. Only the program can move it, and it moves it two ways: into a pump.fun buy for the pledger, or back to the pledger after a missed deadline. No third path, no admin key, no fee switch.
What the crank is, honestly. Create and each settle are separate transactions. Anyone can send them, and ours sends them back to back the moment quorum lands. Between the create and the last settle the coin is public on pump.fun, so a fast wallet can land between two seats. Seats buy at the curve price when they land, in order, not at one shared price.
What it costs. Proposing pays the proposal account's rent, about 0.003 SOL. A seat pays its record, 0.0017 SOL, returned at settle or refund. The crank pays pump.fun's create fee. The pad takes nothing at any step.
What is deployed. The program runs on Solana devnet and every step above has run there end to end: a ten-seat proposal, ten pledges, the create, ten settles, and a second proposal that missed its deadline and refunded. The proposals on this page are those. Mainnet is the same program with its rent paid, and this line changes the day it is.