How it all works

Trench is a launchpad on Solana. Anyone can launch a coin. New coins launch on Raydium LaunchLab under the pad's own platform: every trade on the curve pays 2%, there is no opening sniper fee, and at graduation the coin moves to a Raydium CPMM pool whose liquidity is locked through Raydium's LP lock. Coins launched here earlier on Meteora keep their rules: Meteora's programs enforce their sniper fee and lock their liquidity for good after graduation, and our bot carries out the rest for them from a wallet the team controls: the fee split, the payouts, creator pay and the burns. In phase one those are not enforced on chain. On new coins, 1.75% of each curve trade goes to the pad's fee vault on Raydium, claimed by the pad's fee wallet. The pad's fee wallet claims the pad's 1.75% from its fee vault on Raydium, and our bot splits it six ways: holders 30% (every 10 minutes, weighted by time held), traders 15% (weekly), the weekly drop 10%, the creator 10%, the team 10% and the burn 25%. The split is carried out by our bot and is not enforced on chain. The burn share is held, and nothing is bought or burned with it, until the pad's own coin has graduated. Payouts come from trading fees: with no trading there is nothing to pay out. Every coin page shows its bundle check and what its creator bought at launch. None of this makes a coin a sound purchase, and a creator can still behave badly in ways the rules do not cover.

Each trade pays a fee. Our bot splits that fee between the coin's holders, the traders, a weekly supply drop to $TRENCH holders, a buy-and-burn of $TRENCH, the coin's creator and the team. The fees page shows the split.

It is built for traders first. Creators get 10% of fees, which is less than most launchpads pay them.

New coins launch on Raydium LaunchLab. Coins launched here earlier on Meteora keep their own rules: the sniper fee and Meteora's liquidity lock still apply to them. The first list is for new coins on Raydium LaunchLab, the second for coins launched here earlier on Meteora. Each rule says who stands behind it: Raydium's or Meteora's programs, our bot, or our launch form. The team can change these rules. Any change is posted here with its date before it takes effect.

New coins, on Raydium LaunchLab

Starting market cap

about 28 SOL

Every new coin starts on Raydium LaunchLab's curve at a market cap of about 28 SOL. The curve is set in SOL, so what that is in dollars moves with the SOL price. Enforced by Raydium

Graduation

85 SOL raised

When the curve has sold 793,100,000 tokens and raised 85 SOL (a market cap of about 411 SOL), the coin moves to a Raydium CPMM pool. Enforced by Raydium

Trading fee

2% on every trade on the curve

1.75% goes to the pad's fee vault on Raydium, which the pad's fee wallet claims, and 0.25% goes to Raydium. Raydium's program takes it in SOL on every trade on the curve, from the first one. The rate and the wallet that claims it are set in the pad's platform config on Raydium LaunchLab, and the team's admin key can change them. After graduation Raydium's pool fees apply; see the coin's page. Charged by Raydium, at settings the team can change

Opening fee

None

Coins on Raydium LaunchLab have no opening sniper fee: the first trades pay the same fee as every later one. Enforced by Raydium

Creator's first buy

3% at most in the launch

Our launch form builds a first buy of at most 3% of supply in the launch itself. Once the coin is live, the creator can buy more like anyone else, at the same fee as everyone. Nothing is locked. A launch made without our form can skip the 3% limit, so each coin page shows what the creator's wallet bought at launch, and the bundle check shows the wallets linked to it. Our launch form only

Liquidity

Locked at graduation

At graduation the new pool's liquidity is locked through Raydium's LP lock. The pad's fee wallet holds that lock and can claim the fees the locked position earns. Enforced by Raydium

Supply

1 billion, fixed

Every new coin has exactly 1,000,000,000 tokens. Raydium's program mints them all at launch and leaves nobody able to create more or to freeze the tokens in your wallet. Enforced by Raydium

Payouts

Split six ways by our bot

The pad's fee wallet claims the pad's 1.75% from its fee vault on Raydium, and our bot splits it six ways: holders 30% (every 10 minutes, weighted by time held), traders 15% (weekly), the weekly drop 10%, the creator 10%, the team 10% and the burn 25%. The split is carried out by our bot and is not enforced on chain. The burn share is held, and nothing is bought or burned with it, until the pad's own coin has graduated. Payouts come from trading fees: with no trading there is nothing to pay out. Carried out by our bot

Creator pay

Paid with the normal payouts

The creator's share, 10% of the pad's 1.75%, is paid to the creator by our bot with the normal payouts. On an approved developer coin it is paid 3 days after it is earned. Carried out by our bot

Coins launched earlier, on Meteora

Starting market cap

$20K

Every coin starts at a $20,000 market cap on Meteora's curve, priced in the pair you choose. Enforced by Meteora

Graduation

$75K

At a $75,000 market cap the coin moves to a full Meteora pool. Enforced by Meteora

Trading fee

1%, 1.5% or 2%

The creator picks one of three fixed tiers at launch. Meteora's pool charges it on every trade after the opening window, in the paired asset. Enforced by Meteora

Sniper tax

50% → the coin's fee over 30 s

The fee starts at 50% and falls in a straight line to the coin's own trading fee over the first 30 seconds. Meteora's program charges it on every buy after the launch transaction. Enforced by Meteora

Creator's first buy

3% at most in the launch

Our launch form builds a first buy of at most 3% of supply in the launch itself. Once the coin is live, the creator can buy more like anyone else, at the same fee as everyone, the sniper fee included. Nothing is locked. A launch made without our form can skip the 3% limit, so each coin page shows what the creator's wallet bought at launch, and the bundle check shows the wallets linked to it. Our launch form only

Liquidity

Locked for good

At graduation Meteora's program locks all liquidity permanently. Nobody can withdraw it. Enforced by Meteora

Supply

1 billion, fixed

Every coin has exactly 1,000,000,000 tokens. Nobody can create more after launch, and nobody can freeze the tokens in your wallet: Meteora's program removes both powers when the coin is made. Enforced by Meteora

Creator pay

Paid with the normal payouts

The creator's share, 10% of the coin's trading fees, is paid to the creator by our bot from the team fee wallet with the normal payouts. On an approved developer coin it is paid 3 days after it is earned, so it can go to the coin's holders if the developer stops shipping. Carried out by our bot

Every coin launched here has a mint address that ends in bunk. Wherever this site shows a mint, that ending is picked out. A coin whose address does not end that way was not launched here, whatever its name or picture says.

The ending tells you where a coin was launched and which rules it launched under. It tells you nothing else about it.

“Bundling” is when a creator quietly buys a large share of their own coin at launch through many wallets, then sells it to the people who came after. Every coin page opens with a report on exactly that, before the buy button.

The report looks at the launch block, the first minute, which early wallets were funded by the creator, the creator's own first buy, and how much the ten largest wallets hold. It ends in one word:

• CleanNone of the lines below were crossed.
• ConcentratedThe ten largest wallets hold more than 30% of supply, or more than 25% of supply was bought in the first minute.
• BundledWallets funded by the creator hold more than 5% of supply on top of the creator's own buy, or more than 15% of supply was bought in the launch block.

A bundled coin can still be traded. It is left out of trending, and its holders are paid at a flat 1× with no holding bonus, so there is a reason to launch clean.

The check reads public chain data and can miss things: a creator who funds wallets through an exchange will not show up as creator-funded. A clean verdict is not a guarantee.

Our launch form builds a first buy of at most 3% of supply in the launch itself. Once the coin is live, the creator can buy more like anyone else, at the same fee as everyone, the sniper fee included. Nothing is locked. A launch made without our form can skip the 3% limit, so each coin page shows what the creator's wallet bought at launch, and the bundle check shows the wallets linked to it.

Creator pay. On a regular coin, our bot pays the creator's 10% share from the team fee wallet with the normal payouts. Nothing is held back. On an approved developer coin the creator's share is paid on a 3-day delay: fees earned on a day are paid 3 days later. There is no reporting duty. In phase one this is carried out by our bot from a wallet the team controls. It is not enforced on chain.

The delay is there so the fees can go to the holders if a developer stops shipping. It is not a penalty. If a developer stops shipping, the reviewer posts a public notice on the coin's page with the reason, and the delayed payouts pause while it is open. The developer has 7 days to answer with an update. An answer closes the notice and payouts resume. With no answer, the unpaid delayed fees go to the coin's holders and the coin goes back to the standard 10% creator share.

Each coin page has a creator pay panel: what has been paid so far and, on a developer coin, what is waiting to be paid and any open notice.

Every coin starts as a meme launch: open to anyone, with no review. The creator picks the trading fee from three fixed tiers (1%, 1.5%, 2%) and the pair. A project launched here can then apply for review. If it is approved, it becomes a developer coin: its creator share can be raised to 50%, paid on a 3-day delay, and it carries a Reviewed stamp. Reviewed means checked against a published checklist, not endorsed. Every decision is on the public record. A review is a reading of the terms, not a view on the price.

30% of a coin's trading fees goes into that coin's holder pot. Every 10 minutes the pot is shared between the coin's holders and sent to their wallets. You do not stake, claim or sign anything. You hold the coin in your own wallet.

Your share is your balance × multiplier. The multiplier grows the longer you hold:

1. 1×
   On your first buy
2. 1.5×
   After 10 minutes
3. +1×, up to 5×
   Each further hour held
4. +1×, up to 10×
   Each further day held

If your balance falls at all, your multiplier goes back to 1× and what you were owed for the current round is forfeited. It moves into the next round's pot and goes to the holders who stayed.

Buying more does not reset you. Your holding time becomes the average of your old time and now, weighted by how much you held and how much you added.

Not counted: the pool's own accounts, the creator's lock once there is one, program accounts, and wallets holding less than 0.001% of supply. Payments are worked out and sent by our bot and published as a list for every round, which anyone can check.

15% of fees goes into a trader pot for each pair asset. Every Friday at 17:00 UTC it is paid out. Your rebate is the pot times your share of all the fees paid that week.

A rebate is capped at 50% of the fees you paid that week, so it is always smaller than the fees you paid. Trading back and forth with yourself to farm rebates loses money every time. What the cap leaves over stays in the pot for later weeks.

Wallets the bundle check ties to a coin's creator get no rebate for that coin, and the list of excluded wallets is published with each round. Fees paid in a coin's first 30 seconds do not count towards a rebate.

10% of fees goes into a drop pot for each pair asset. Once a week the pot is dropped on wallets that hold $TRENCH, and sent to them. As with everything else, there is nothing to claim.

Half of each drop is shared by $TRENCH balance × hold-time multiplier. The other half is shared by the trading fees a wallet paid that week × the same multiplier. Only wallets holding $TRENCH qualify, and no wallet gets more than 5% of a drop.

Selling any $TRENCH resets the multiplier to 1×. The list for every drop is published, like every other round.

25% of fees is set aside to buy $TRENCH and burn it. On SOL pairs our bot buys and burns as fees arrive. On USDC and ZEC pairs the share waits in a burn bucket until a guarded swap route exists for that asset.

A burn permanently removes tokens from supply. That is all it does. The burns page lists each one.

A coin trades against one asset, chosen at launch. Its fees, rewards and rebates are all paid in that asset.

• SOL
• USDC
• ZEC
• TSLAx · awaiting approval
• NVDAx · awaiting approval
• SPYx · awaiting approval

ZEC here is ZEC bridged to Solana through the NEAR OmniBridge. It depends on that bridge.

Stock pairs are awaiting approval. The issuer of a stock token can pause, freeze or take back its token, which can stop or drain the payout pot for coins paired with it. Stock tokens are not offered to US persons or in some other regions.

• No price promises

  Nothing here says, or means, that the price of any coin will rise. Most coins launched on any launchpad lose most or all of their value. Only put in what you can afford to lose completely.

• Rewards depend on trading volume

  Holder rewards and trader rebates are a share of fees that were actually paid. If nobody trades a coin, there is nothing to pay. Past rounds say nothing about future ones.

• Stock tokens can be paused by their issuer

  The issuer of a stock token can pause, freeze or take back its token, which can stop or drain the payout pot for coins paired with it. If that happens, we cannot undo it.

• Not available where prohibited

  This is not offered in places or to people where it would be against the law. Stock tokens are not offered to US persons or in some other regions. Checking that you may use it is your responsibility.

• The rules reduce risk; they do not remove it

  The launch rules and the bundle check make some common ways a creator rugs a coin easier to see. They cannot stop a coin from simply falling, and software can have bugs, including ours.

• Phase one relies on the team

  In phase one our bot carries out the split and the payouts from a wallet the team controls, and none of it is enforced on chain. The team can change these rules. Any change is posted here with its date before it takes effect.

• Not financial advice

  Nothing on this site is advice of any kind. We do not know your situation.