risk disclosure (placeholder draft)
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 a bonding curve and a constant-product pool move with every trade, and large trades move them a lot. selling into thin liquidity can give back far less than was paid. after graduation the pool liquidity is owned by the program and cannot be removed, but the price can still fall to almost nothing.
fee routing is not protection
burns reduce supply and the floor reserve grows over time, but neither stops a price from falling. the floor reserve cannot be withdrawn or redeemed by anyone; "floor backing per token" is a ratio shown for information, not a price anyone will pay you.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.
parameters are estimates
α β δ γ are least-squares fits over a short window of one market's trades. they are noisy, change with every trade and forecast nothing.
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 access may be blocked or withdrawn in your region at any time.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.