How NoRug.fun Works
The trenches, with a helmet on.
Phase 1: The Founder Window
Be a Founder...
Propose a token creation and set (with a 10% max):
- The percentage of the supply airdropped to you.
- The lockup period for your share of the supply.
Users can then support your proposal by investing SOL in it, similar to a presale.
If it reaches the top 10 proposals: Congrats! Your token is created, and you receive your percentage of the supply.
If it's not successful enough: The proposal is rejected.
...or Be a Co-Founder.
Find a token creation proposal that appeals to you and support it by investing SOL.
If it reaches the top 10 proposals: Congrats! The token you supported is created, and you receive a share of the supply proportional to the SOL you invested.
If it's not successful enough: Congrats! You get your SOL back!
That's what we call a WIN/WIN situation.
Phase 2: The Launch
NoRug.fun handles minting, token distribution (to the creator and investors), and creates the liquidity pool with the raised SOL through Meteora.
Investors in non-selected proposals can reclaim their funds.
Everyone can then trade these tokens as usual.