No allocation. No unlock.The treasury buys its own supply.
Every token programme claims alignment. This one has exactly one mechanism for it: the desk cannot obtain supply except by buying it at the same prices as everyone else, and what it buys is immobilised while it matters most.
- Ticker
- $MANTICORE
- Chain
- Solana
- Venue
- pump.fun
- Supply
- 1,000,000,000
- Treasury buys
- 20% — on market
- Lock
- 30 days
Six steps, in order.
Markers are relative to launch. No dates appear here because nothing here has happened yet, and a countdown to an unscheduled event is theatre.
- T
Fair launch
The token launches on pump.fun with no allocation to the desk, no team unlock and no private round. The entire supply enters as public float on the bonding curve. Whatever the treasury ends up holding, it pays for.
- T+0
Treasury buys 20%
The desk buys 20% of supply on the open market like anyone else — same curve, same price, same slippage. This is an acquisition, not an allocation. It is the only way the treasury ever obtains supply.
- T+0 → T+30d
Locked for one month
That 20% is locked for thirty days. It cannot be sold, moved, LP'd or voted with while the lock runs. The lock is the whole point: the desk's own supply is immobilised during the window when selling it would hurt most.
- T+30d
Airdropped to holders
At unlock the entire locked position is airdropped to holders. It does not return to the desk, it does not get sold into the book, and it does not become a treasury balance. It goes to the people who held.
- Ongoing
Fees buy supply back
Creator rewards accrued through the pump.fun rewards programme are used to buy supply back off the market. Bought supply lands in the treasury, where its disposition is a governance question rather than a desk decision.
- Ongoing
Holders vote the disposition
The desk drafts the proposals. Holders decide which one passes. Burn it, airdrop it, pair it as protocol-owned liquidity, or extend the lock — the options are written by the people who have to execute them, and chosen by the people who own the token.
What the treasury holds, and for how long.
The entire supply enters as public float. The treasury's 20% is an acquisition that passes through and ends back with holders — the ring returns to where it started.
20% bought on the open market and locked for 30 days.
- Public float
- 80%
- Treasury — locked
- 20%
Fees become bids.
Creator rewards accrued through the pump.fun rewards programme are not drawn down as revenue. They are spent buying supply back off the market, and what they buy is not the desk's to spend.
Volume
Trading activity on the token generates creator rewards through the pump.fun rewards programme.
The desk proposes. Holders dispose.
Every option that reaches a ballot is one the desk has confirmed it can execute. That is a constraint on the ballot, not a hedge against holder judgement — an unexecutable proposal is worse than no vote at all.
- Who writes proposals
- The desk
Because the desk is what has to execute them, and an unexecutable proposal is worse than no vote.
- Who decides
- Holders
One token, one vote, snapshot at ballot open.
- What is on the ballot
- Disposition only
Votes decide what happens to treasury supply. They do not set strategy parameters or client mandates.
- Locked supply
- Cannot vote
The treasury does not vote with the supply it is holding on everyone else's behalf.
Disposition of treasury supply — cycle 000
Every buyback cycle closes with one of these four. The desk proposes; holders dispose.
Illustrative only. Selecting an option here records nothing and sends nothing.
The mechanics are in the paper.
Figures on this site are computed from AMM formulas to illustrate mechanics. They are not a track record, a forecast, or a promise of return.