What actually happens.
The curve
Each coin is a Token-2022 mint with a fixed supply. It trades against one stock token — QUBT, IONQ, RGTI, or QBTS — on a Meteora Dynamic Bonding Curve. You can pay with SOL or USDC. The route swaps into the stock before the buy. Mint and freeze authority are revoked at creation.
Quantum fair launch
Before the pool exists, launch publishes a commit hash of a 32-byte draw plus a salt. Trading stays closed until that memo confirms, then opens inside a 30 to 300 second window derived from the draw. After the commit is on-chain, the value and salt are revealed so anyone can recompute the hash. Until then nobody, including the pad, should know the second. The fee starts at 50% and falls to 1% over about 90 seconds, so a bot that guesses the second still pays for it.
The launch path draws those 32 bytes on the server. If ANU_QRNG_API_KEY is set it uses ANU Quantum Numbers first; otherwise it tries public QRNG endpoints. The UI is labeled quantum only when a quantum source actually answered. If every QRNG fails, the draw is crypto.randomBytes and the launch is labeled not quantum. The home terminal hash is a demo of the commit format in the browser — it is not the launch draw.
Graduation
The curve is sized to fill around a $20–40k market cap, because these stock tokens are thin. Once the quote raised clears Meteora's minimum, the pool migrates to DAMM v2 and the LP is locked. It does not get pulled.
Ghost Hours and the vault
The US stock market closes at night and on weekends. The tokenized stock keeps trading on-chain. During those hours the pad is in Ghost Hours. A public wallet, the Haunted Vault, is meant to stack stock bought with platform fees. The balance shown on the home page is still a placeholder.
Fees, in one pass
The curve fee starts at 50% and decays to 1% over about 90 seconds, then stays at 1% in the quote stock. Meteora takes its protocol cut first. Of what remains, the creator keeps 30% and the pad keeps 70% (the DBC partner share, paid to the fee claimer). The pad is meant to split that 70% as follows — this drip / burn / vault / ops split is not on-chain yet:
- 40% · Stock drip to $SPOOKY holders
- 30% · $SPOOKY buyback and burn
- 15% · Haunted Vault
- 15% · Ops and treasury
After graduation the same 30 / 70 creator / pad split applies to claimed pool fees. The 40 / 30 / 15 / 15 ops split is the one the pad is being built to. The $SPOOKY economics · Launch a coin