How the beard works.

Anything can be a coin here. There’s no check on what the picture shows: a photo, a drawing, pixel art, a meme or a logo. It only has to be a PNG, JPEG, WebP or GIF of up to 5 MB.

The picture and the coin’s details are stored on Arweave for good, with location and camera data stripped first. Every coin hangs on the board here, newest and hottest first.

1. 1Pick a picture. Drop it in. The browser checks its type and size; the server checks the file itself at launch.
2. 2Name it. A name of up to 32 characters and a ticker of up to 10. Both are written on chain for good.
3. 3Buy first, if you like. An optional first buy in $MIHAO, sent right after the coin is made, so you're its first holder.
4. 4Sign once. Your wallet approves the launch in one go: the coin, its fee split and your first buy. It costs about 0.03 SOL in Solana rent, the picture's storage (a fraction of a cent), plus the first buy.

Every coin is a pump.fun coin with a supply of 1 billion tokens and 6 decimals, nothing held back and nothing vested. 79.31% of it sells on the curve, and the rest goes into the coin’s PumpSwap pool at graduation.

Every coin here is paired with $MIHAO: ni hao cat, the bearded cat, itself a pump.fun coin. You buy coins with $MIHAO and sell them for $MIHAO, straight from your wallet, and the first buy at launch is in $MIHAO too.

So every trade on every coin is a trade in $MIHAO, and every coin’s fees arrive in it, which is what makes the burn so simple. Get $MIHAO on pump.fun ↗

A bonding curve is a coin’s first market: every buy raises the price and every sell lowers it. Every coin starts on the same pump.fun curve for its pairing, and it ends at exactly the price its PumpSwap pool opens at.

A coin starts at a market cap of about 152k $MIHAO and graduates at about 2.23M $MIHAO, once 462.1k $MIHAO has gone into the curve. Dollar figures move with $MIHAO’s price.

pump.fun’s programs take the fees on every trade, wherever it’s made: here, on pump.fun or in any Solana app. On the curve a trade costs 1.95% in all. Its 1% creator fee is split between the coin’s creator and the burn, in a split that’s locked when the coin is made and that nobody can change.

After graduation the creator fee stays at 1%, split the same way, and in the coin's PumpSwap pool pump.fun takes 0.05% and liquidity providers 0.2%: 1.25% a trade in all.

We keep none of our share. Every 30 minutes every coin’s waiting fees are paid out: the creator’s half straight to the creator, and ours to the fee wallet, which burns all of it as $MIHAO. Every coin's fees already arrive in $MIHAO, so there's nothing to buy first: it's burned as it is.

Burned tokens are gone for good, so every trade on every coin here leaves a little less $MIHAO in the world. Every burn is a transaction anyone can look up; the home page lists the latest.

When the last token on the curve is bought, the curve closes and pump.fun moves the coin into its own PumpSwap pool, usually within seconds, at the price the curve ended at. Nobody else can trigger it.

The coin keeps trading there, on pump.fun and in every Solana app, and its creator fee keeps being split between the creator and the burn. Its bead gets a gold ring.

A coin’s creator fees wait for their two shareholders, the creator and the burn. Every 30 minutes they’re paid out, each half straight to its owner’s wallet, so creators get theirs without doing anything.

To have yours sooner, connect the wallet you launched with: the Earnings page shows what’s waiting, and one click pays it out. It always goes to the shareholders, so nobody can take a creator’s fees.

Ready? Launch something.