PLACEHOLDER DRAFT — this text was generated as a starting point and has not been reviewed by a lawyer. it must be reviewed and finalised by qualified counsel in every jurisdiction live serves before any mainnet launch. it is not legal advice.

risk disclosure (placeholder draft)

draft updated 27 September 2026

total loss

memecoins have no intrinsic value and no cash flows. most go to zero. only use money you can afford to lose entirely.

the curve and the pool

prices on pump.fun's bonding curve, and on PumpSwap after graduation, move with every trade, and large trades move them a lot. selling into thin liquidity can give back far less than was paid. the price can fall to almost nothing at any time.

fee routing is not protection

burns reduce supply and the floor reserve grows over time, but neither stops a price from falling, and the price can trade below the floor backing. the floor reserve cannot be withdrawn or redeemed by anyone; "floor backing per token" is a ratio shown for information, not a price anyone will pay you. the phase rule reacts to past trades and can be gamed by coordinated trading.

the stream words are a reading of past trades

viewers, raids, hype trains, going offline: the vocabulary of the launchpad is a metaphor for one market's recent trade flow, read over a short window. the stream stats shown on coin pages (peak, avg, level) are noisy, change with every trade and forecast nothing: a coin shown in a raid can turn on the next trade. a "viewer count" is the curve's virtual SOL, not people watching anything.

creators and manipulation

a creator or any large holder can sell at any time. tokens can be launched to deceive. the interface does not vet tokens; a report button exists but reports cannot undo trades.

software and network risk

the program has not yet been audited (see the README checklist). bugs, network outages, congestion, RPC failures, wallet bugs and front-end errors can cause failed or unintended transactions. transactions on Solana are irreversible.

regulatory risk

laws on crypto-assets change quickly and differ by country. access may be blocked or withdrawn in your region at any time. you are responsible for your own tax reporting.

paper mode

paper mode is a simulation with no real money. results in paper mode say nothing about what would happen with real funds.