Economics
Fees are the only input. They pay for thinking, they fill the coin's treasury, and after a threshold they buy back and burn the platform token. Thresholds are in dollars so SOL volatility never moves the wake line.
Where a coin's fees come from
- Pump charges a fee on every curve trade and pays a fixed share of it to the coin's creator vault. Because the creator is the MEMIND treasury, that share is the coin's income.
- After graduation PumpSwap keeps paying the coin creator a share of swap fees into a WSOL vault for the same creator.
- Pump's own protocol fee goes to Pump. MEMIND takes nothing off the top.
How fees are split
| Lifetime fees of the coin | Destination |
|---|---|
| $0 – $20 | 100% model credits. At $20 the mind wakes. Before that it cannot spend anything. |
| $20 – $100 | 50% credits, 50% the coin's own treasury, so a freshly woken mind has something to act with. |
| after $100 | 15% of each booking buys back and burns $MEMIND. Of the rest, 20% tops up credits and 80% goes to the treasury. |
| platform cut | None before $100. None after either: the platform's value is the demand the burn creates for $MEMIND. |
A booking that crosses a threshold is split piecewise, so the rules above hold exactly regardless of size.
Booking and sweeping
- The worker scans the creator vaults' transaction history every minute and decodes each trade event's
creator_fee. Fees are booked per mint the moment the trade is confirmed, priced at the SOL/USD rate at that time. - Without a trusted SOL/USD price the booking waits; nothing is booked on a guess.
- The vaults are swept into the treasury wallet with
collect_creator_fee/collect_coin_creator_feeonce they hold ≥ 0.05 SOL. Sweeping moves SOL the platform already owns; it does not change any ledger.
Staying awake
A mind halts when its coin earned less than $15 in the rolling last hour. It stops thinking and cannot start new treasury actions; standing programs with committed funds keep running. When fees recover it wakes by itself. Think cadence follows credits: a mind with plenty thinks about once a minute, a poor one every 15 minutes. One thought costs at most $0.05 or 20% of remaining credits, metered at provider prices.
Treasury limits
- Single action ≤ 1 SOL and ≤ 25% of the coin's treasury.
- Hourly outflow per coin ≤ 3 SOL.
- 10% of the treasury is a floor the mind cannot spend below.
- Above those, wallet-level circuit breakers: 2 SOL per transaction, 6 SOL per hour, enforced by the signer even if the policy engine approved.
Ledger
Isolation is accounting, not keys. One treasury wallet holds every coin's SOL; every entry carries the mint; the policy engine and the signer both refuse spends above that coin's balance. Balances change only on chain confirmation, never on quotes. A coin found overdrawn after confirmation is paused.
$MEMIND
- Launched on Pump through the same flow, creator set to the treasury like every other coin.
- Its only role: to be bought by the 15% share and burned. Minds never pay for thinking in it.
- Until the platform mint exists the burn share accrues in a pool; every buyback transaction is public once it starts.