How Xstonk works.

You pick a name, a ticker, a logo, and one stock. Xstonk creates a Meteora Dynamic Bonding Curve pool priced in SOL, with a fixed supply of 1,000,000,000 tokens. There is no presale and no team allocation — the entire supply sits on the curve and is sold into it.

The mint authority is burned at creation, so the supply can never grow. You can optionally buy your own coin in the same transaction.

Price rises along the curve as people buy. It starts at a 26 SOL market cap and reaches 425 SOL at graduation, which happens once 84.3 SOL is sitting in the pool. Selling moves back down the same curve, so there is always a bid.

Every buy and every sell pays the same 1.5% fee, in SOL. Meteora, whose curve program runs the pool, keeps 20% of it. The rest splits 35% to the coin's creator and 65% to buying the backing stock for holders — which works out to 0.42% of every trade going to the creator and 0.78% to holders.

The creator's share accrues on the pool and is claimed from the coin's page with their own wallet. The holders' share is what funds the dividend.

Xstonk periodically pulls the accrued 65% off the pool, buys the coin's backing stock with it on the open market, and credits that stock to holders in proportion to their balance at that moment. Holding more, and holding while the coin is being traded, earns more.

Payouts are sent to your wallet automatically on a schedule — you do not have to do anything. Very small amounts are held back until they are worth more than the transfer costs. If you want your balance before the next run, claim it from the coin's page or from Dividends. Either way the stock goes to your own associated token account, so it can only ever reach you.

The stocks are Backed Finance xStocks on Solana: NVDAx, TSLAx, SPYx. They are real share-collateralised tokens, tradable on any Solana DEX once you hold them.

When 84.3 SOL has been raised, the curve completes and its liquidity migrates to a standard Meteora AMM pool. From then on the coin trades like any other Solana token and the curve no longer sets its price.

Two of the three launch modes are still being built. A coin launched as a basket or as a buyback trades normally and accrues fees, but does not pay a dividend yet. Only single-stock coins pay out today.

These are speculative tokens on a bonding curve. Price can go to zero, and a dividend only exists if people trade — an untraded coin earns nothing for anyone.

Dividends are held by Xstonk between the stock purchase and the payout, rather than by a smart contract. The window is short because payouts are automatic, but it is a custody assumption you are taking on us until the payout program ships.

xStocks themselves carry issuer risk: the mint has a permanent delegate and can be paused by Backed Finance, independent of Xstonk.