How Shares works
Shares is a Solana launchpad built on Meteora. Launch a token and choose a compatible pair asset. New launches send all Shares-side trading fees to the disclosed fee wallet, in the pair asset.
The short version#
- 1LaunchPick a name, ticker, image and a pair asset. One wallet signature creates the token, its Meteora Dynamic Bonding Curve (DBC) pool and an optional first buy paid in SOL. Launching a token
- 2BondThe token trades against its pair on a bonding curve. Buying pushes the price up, selling pushes it down. The curve starts near $5K market cap. Trading & the curve
- 3GraduateWhen the curve fills (around $75K market cap) liquidity migrates to Meteora DAMM v2 and is permanently locked. Same token, same page. Graduation
- 4Route trading feesThe selected profile sends 2% or 4% of trade volume to the fee wallet, before and after graduation. New launches have no holder distributions. Trading fees
Pick the pair#
Every Shares token trades against exactly one pair asset, chosen at launch. Trading fees are collected in that asset and sent to the fee wallet.
Buys are paid in SOL on every pair. When the pair asset is not SOL, the same transaction first swaps your SOL to the pair asset through Jupiter and then buys on the pool. Sells can pay out in SOL the same way. Paying in SOL
| Pair category | Fee asset |
|---|---|
| Solana | SOL and Solana-native assets such as staked SOL. Holders earn that asset. |
| Currencies | Stablecoins and currencies, e.g. USDC, USDT, EURC. |
| xStocks | Tokenized stocks issued by Backed, e.g. NVDAx, TSLAx, SPYx. |
| PreStocks | Tokens tracking private companies before IPO, issued by PreStocks. |
| Tessera | Private-company tokens issued by Tessera. |
| Sunrise · Backpack | Sunrise assets (stocks, commodities and crypto) available through Backpack. |
| Leverage | Leveraged tokens such as xSOL and XBTC. |
| Collectibles | Tokens tracking collectible indexes. |
| Crypto | Curated Solana tokens, e.g. JUP, BONK. |
| Custom | Any compatible SPL or Token-2022 mint, checked on chain before launch. |
The create form shows a category once Shares' registry lists a pair in it. Any pair, listed or custom, must pass Meteora's rules before a launch can use it. Pair requirements
Trading fees#
The creator chooses the fee profile. Both the former holder allocation and treasury allocation go to the designated wallet for new launches. The profile cannot change after launch.
| Profile | Trade fee | Holders | Fee wallet | Meteora |
|---|---|---|---|---|
| 2% to fee walletSHARES_WALLET_V1 | 2.5% | 0% | 2% | 0.5% |
| 4% to fee walletSHARES_WALLET_3_V1 | 5% | 0% | 4% | 1% |
- Percentages are of the pair-asset amount the pool trades (on a non-SOL pair, the amount after the swap from SOL), collected in the pair asset. Full breakdown in Fees.
- Open profiles send 0% of each trade to $SHARES buybacks; only legacy markets on closed profiles have a buyback share.
- The creator trading fee is 0%.
- 1% to holders, 3% to holders, Rewards, Standard, Hooked and Pair Airdrop profiles are closed to new launches (including Standard, which pays holders nothing). Markets launched on them keep their original terms.
Status on this deployment#
Network, rewards program, $SHARES and open profiles are read from this site's configuration and code.
- Network
- Mainnet
- Holder rewards distributor
- Not deployed yet
- Required for earlier holder reward profiles. Current wallet profiles do not use it.
- $SHARES token
- Not launched
- Only legacy markets fund $SHARES buybacks.
- Launch profiles open
- 2% to fee wallet · 4% to fee wallet
- Pair configs
- Created per pair on request
- A pair can be launched on once Shares has created its Meteora config. The create form shows each pair’s live state.
shares_rewards) is not deployed on Mainnet. Current wallet profiles can launch once their pair configs and fee router are ready.Read next#
- Launching a tokenThe create form, token metadata, the one-signature launch and its cost.
- Trading & the curvePaying in SOL on any pair, how price moves, slippage and priority fees.
- GraduationMigration to Meteora DAMM v2 and the locked liquidity.
- FeesEvery trade fee, where each part goes, with a worked example.
- Holder rewardsEarlier profiles: balance-seconds, epochs, Merkle roots and claiming.
- PairsPair categories, the rules a custom pair must pass, and pair states.
- Safety & risksPrograms, authorities, what Shares can and cannot do.
- FAQShort answers to common questions.