The terminal
Half the supply, vaulted.
Sells that halve. A burn at $100M.
This is the Firstance sell engine: an on-chain vault holding half the total supply. It sells a small fixed amount every day, slows down as the price climbs, and the moment the market cap crosses $100M it burns every token it still holds — forever. Every rule on this page is written into the program. None of them can change after launch.
The vault
Half the supply is locked in a vault. Selling follows
the marketcap, and it slows as the price climbs.
The vault sells a little every day. The rate is tied to marketcap and gets smaller as the price rises, the same halving idea Bitcoin uses. Every daily amount is a fixed percentage of the total supply, set at launch, not the current balance. It gets split into five slices spread across the day, and the program caps slippage at 4% so it can never sell into the floor.
Each band up halves the pressure. At $10M the daily sell is half of what it was at $1M.
Day one and the terminal
A weak start liquidates.
The top burns.
It sells everything
If the marketcap stays under $100k for the first 24 hours, the vault sells its whole allocation and stops. There is no point leaving capital parked in a launch that never got going.
It burns the rest
Once the marketcap crosses $100M the daily selling winds down, and every token left in the vault is burned for good. The supply drops and never comes back. This is a rule in the program, not a promise on Twitter.
Proceeds and authority
Proceeds go to one fixed address.
The rules never change.
Everything the vault raises goes to a single address chosen at launch, and that address cannot be swapped out later. The authority can set the vault up and pause it in an emergency. It cannot move the money elsewhere, rewrite the rules, or sell the tokens to itself. Anyone can trigger a sell, a burn, or a withdrawal, but the destination is always the same.
Verify
Don't trust us. Verify us.
OtterSec verified the program, so the code running on-chain matches the source on GitHub. The binary carries a security.txt, and the IDL lives on-chain, which means every action the keeper takes shows up on Solscan with a readable name. You don't have to take our word for any of it. Go read the code.
Join
Mint a coin, send it to the vault,
walk to the terminal with us.
Want in? Mint your own coin and send it to the vault. If it isn't a stablecoin, it burns at $100M along with everything else. USDC and USDT get routed to proceeds instead.
[ vault address, filled at launch ]
FAQ
Quick answers.
What actually makes a rug impossible?
The rules live in the program, not in anyone's hands. Once the coin launches, nobody — not the team, not FirstDoor — can change the sell schedule, redirect funds, or touch the vault outside the written rules. The authority can pause in an emergency; it can never move the money.
How does the daily selling work?
The vault sells a fixed percentage of total supply per day — 0.25% under $1M, 0.1% up to $10M, 0.05% up to $100M. Each band up halves the pressure. The daily amount is split into five slices across the day and slippage is capped at 4%, so it can never dump into the floor.
What happens on day one?
If the market cap stays under $100k for the first 24 hours, the vault sells its whole allocation and stops. A launch that never gets going doesn't limp along — it ends by design.
What is the terminal?
The endgame. Once the market cap crosses $100M the daily selling winds down and every token left in the vault is burned, forever. The supply drops and never comes back — a rule in the program, not a promise on Twitter.
Where does the money go?
Every sale routes to a single address fixed at launch, and it can't be swapped out later. Anyone can trigger a sell, a burn, or a withdrawal — but the destination is always the same.
How do I verify any of this?
The program is OtterSec-verified and open source, the binary carries a security.txt, and the IDL lives on-chain — every keeper action shows up on Solscan with a readable name. Start at the verify section.
Questions about earning on the leaderboard? They're in the full FAQ.