FAQ
Why is a rug supposed to be impossible?#
A rug needs a path from the pool or the vault to a wallet the team controls. Firstance does not have one. The vault allocations sit inside programs, the proceeds and refund addresses are fixed at launch and cannot be changed, and the actions that move money are open to anyone but always end at those fixed addresses or in a burn. There is no mint authority to inflate the supply either. The team can pause the Terminal Vault in an emergency and can rotate the marketing keeper, and that is the extent of the control. This is enforced by code, so it does not depend on anyone keeping a promise.
Can the keeper steal or misdirect funds?#
No. The keeper only decides the timing of transactions. Every rule is rechecked onchain when a transaction lands, and the keeper runs on a low privilege key that only pays fees. On the Marketing Vault, a payout is verified against a public merkle root, so the keeper cannot pay a different wallet or a different amount than the published list.
Is Firstance audited?#
No. Both programs are open source and run as verified builds, which means the code on mainnet matches the public GitHub source. That is not the same as a third party security audit, and neither program has had one. We state this openly in each repo. A verified build tells you the code is what we published; it does not tell you the code is bug free. See Trust & verification.
What happens if the price falls after it rises?#
The Terminal Vault always uses the current marketcap band, with no memory. If the price drops from one band to a lower one, the next daily sell drops to the lower band's rate. The one exception is the terminal: once the marketcap has crossed $100M, that state is permanent and does not reverse even if the price falls back.
How is the $100M burn different from a team just selling?#
At the terminal, the vault does not sell its remaining half into the market. It destroys it. The supply permanently drops instead of flowing to an exit. This is a rule in the program, not a plan the team could change its mind about.
How do I earn from the Marketing Vault?#
Link your X account and a wallet on the website, then post about Firstance during a leaderboard period with the required mentions. Your share of each tranche is proportional to your engagement score, and the firstdoor.app door score can multiply it. Payouts are automatic at each milestone, with no claiming and no gas on your side. Details in Marketing Vault.
Can I verify a marketing payout was fair?#
Yes, and that is the point of the design. The full payout list is published and the merkle root is committed onchain. You can rebuild the tree from the published list and check that it matches the onchain root and that the totals add up.
What is the total supply, and where does it go?#
pump.fun mints a fixed 1,000,000,000 tokens. 50% goes to the Terminal Vault, 3% to the Marketing Vault, and the rest is the free float that trades on the market. There is no locked team allocation. See Tokenomics.
Is the program upgradeable, and is that a risk?#
The Terminal Vault is upgradeable so a sell path bug can be fixed. An upgrade cannot quietly redirect funds; the failure mode of the design is revert and retry, and any upgrade is visible onchain. The tradeoff is covered in Trust & verification.