Firstance — for instance.
Upcoming$FIRSTANCE · Solana
On-chain automated vault + rule engine on Solana. Sell pressure on-chain, rules fixed, program verified.
/ About the Project
Firstance is an Anchor program that manages a coin's sell pressure with fixed, immutable, on-chain rules. 50% of the supply is locked in a vault and sold at a marketcap-tied rate that weakens as the price rises (0.5% → 0.2% → 0.1%). Each daily amount is split into 5 TWAP slices; slippage is program-capped at 4%.
If the coin stays under $100k for 24h, the vault liquidates. Cross $100M and the selling winds down and the remaining tokens are burned — a permanent supply shock. Proceeds are locked to a fixed address; the team can't redirect funds, change the rules, or rug.
The program is verified (OtterSec), the source is open, and the on-chain IDL + security.txt make every action readable on Solscan. Don't trust us — verify us.
Want in? Mint your own coin and send it to the vault; it burns at the terminal. Walk the path with us.
/ How the vault works
50% of supply is vaulted. Selling is tied to marketcap and weakens as it climbs.
The vault sells daily — each daily amount is split into 5 TWAP slices with gaps between them, cutting price impact. Slippage is adaptive and program-capped at 4%. Every band up halves the pressure.
/ Day 1 & the terminal
Liquidation on a weak start, a burn at the top.
Day-1 rule
Under $100k in the first 24h → the vault sells everything (LiquidatedAll). No capital rotting in a dead-on-arrival launch.
Terminal — $100M
Over $100M → selling winds down and every remaining token in the vault is burned forever. A permanent supply shock. Not a promise — a rule, on-chain.
/ Proceeds & authority
Proceeds locked to a fixed address. The rules don't change.
Proceeds go to an immutable address. The authority can only set up and pause — it can't redirect funds, change the rules, or sell to itself. Selling / burning / withdrawing are permissionless.
/ Verifiable trust
Don't trust us. Verify us.
The program is verified (OtterSec). The source is open on GitHub. security.txt is in the binary and the IDL is on-chain — every action is labeled and readable on Solscan. The code states the rules, not us.
Verified contract & source links will be published at launch.
/ Join
Mint your coin, send it to the vault, join the movement.
If you want to join, mint your own coin and send it to our vault — walk to the terminal with us. Whatever you send burns at $100M (if it isn't a stablecoin); USDC/USDT is routed to proceeds.
Vault address
To be announced at launchDon't trust us. Verify us.