The final price is set on-chain. Every trade goes in and out as SOL or ZEC through the $SAPLING/ZEC pool in one route; you never hold $SAPLING. Each transaction is simulated first and refused if it would cost more SOL than shown. Coins can go to zero.
Holder rewards: 0.80% of every trade paid in ZEC to holders, min $20 holding.
Permanent: nobody can change it.
Paid automatically when the pot is worth about $25, at most once an hour, to every wallet holding $20 or more at a snapshot taken at a random minute. Holders do nothing. A wallet with no ZEC account gets one with its first payout: about 0.002 SOL of rent, taken once from that payout. The account is yours. Each run's snapshot and every transfer are on Rings.
Every trade deepens the roots: the liquidity share goes into $SAPLING/ZEC liquidity whose LP tokens are burned, so nobody can pull it. pump.fun takes its own protocol fee on top: 0.95% on the curve, 0.25% after graduation. None of it reaches Sapling. The split can change within the program's bounds: liquidity never below 0.50%, Sapling never above 0.40%.
Paired with SAPLING. Pay with SOL or ZEC, sell for SOL or ZEC: every trade goes through the $SAPLING/ZEC pool in one route, so you never hold $SAPLING. Its price and market cap are shown in ZEC.
2.00% creator fee, paid in $SAPLING and split: 0.50% burned in $SAPLING, 0.50% $SAPLING/ZEC liquidity, and 0.80% to holders and 0.20% Sapling, both turned into ZEC on chain.
Nothing to see here.
On pump.fun the deployer's wallet shows as creator; the creator fee itself goes to Sapling's program (FHR1…1uxN), which splits it on chain.
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