INITIAL RAISE / NATIVE SOL
PRE-LAUNCH PREVIEWKeep yournext moveunder wraps.
A sealed auction. A shared clearing price.
500 million $CIPHER. 24 hours. Your move.
$CIPHER
01 / THE MECHANISM
Sealed bids.
Clear rules.
Explore how bids become allocations. The calculator uses synthetic demand so you can understand the rules before bidding opens.
01 / SEAL
Make your move.
Choose your maximum price and quantity. The planned auction keeps bids sealed until it closes.
02 / AFTER THE CLOSE
One launch.
More possibilities.
SOL in. $CIPHER out. The launch plan must account for every allocation, cost and refund before funds can move.
Acquire the inventory
The planned transaction creates CIPHER and purchases the auction inventory within a committed maximum budget.
Verified allocation
500M tokens for the auction. Delivery must be verified before available proceeds can be released.
Settle with a clear fee
Return losing and unused deposits. A 2% fee comes from successfully settled winning payments, not refunded SOL. Inventory costs and recovery reserves also reduce net proceeds.
03 / BEFORE YOU BEGIN
Good questions.
Is the auction live?
Not yet. This is a pre-launch experience. Preview the token auction, inspect its launch brief and check your wallet. No live deposits are accepted.
Why a sealed auction?
The design lets you submit a maximum bid without a public bidding war. Production privacy requires authenticated encrypted computation. The current calculator uses public, synthetic example bids.
What happens if I don’t win?
The intended live flow returns losing deposits and the unused part of winning deposits. The calculator shows that accounting. Live escrow and delivery safeguards remain release requirements.
What are the minimum and maximum raise?
The first launch’s soft cap and hard-cap policy are not set yet. The soft cap is the minimum total of winning payments; an optional hard cap limits accepted deposits. Both policies must be locked before bidding opens. The 0.1–5 SOL wallet limit is separate. Missing the minimum before purchasing inventory means full deposit refunds with no platform fee. Recovery after a purchase needs a funded policy agreed before launch.
What does the 2% fee fund?
The platform fee is 2% of successfully settled winning payments, deducted from project proceeds after verified delivery. Losing and unused deposits are not charged. The future intent is to allocate all platform fee revenue to CIPHER purchases and burns. Buybacks and burns are not active; their execution rules and reporting must be published before activation.
Can I set up my own launch?
Yes. Create a launch brief with your auction terms, destination and public wallet addresses. Keep your keys in your own wallet. The intake does not accept seed phrases or private keys, and submitting a brief cannot launch a token or move funds.
What is the wider platform?
CIPHER is designed for SOL-funded sealed auctions that deliver tokens or NFTs on a committed chain. The first raise is a Solana token launch through Pump.fun. NFT and EVM delivery are future integrations; ZEC is a potential funding rail, not an enabled asset deployment chain.
Does sealed mean anonymous?
No. Sealed describes access to bid contents. Public wallets, funding and delivery can still be linked. The sandbox server can decrypt its demo bids; operator-blind production settlement remains a release requirement.
How does Pump.fun fit?
After the auction, the planned launch acquires CIPHER inventory from a new Pump curve. The purchase must fit the committed budget. Remaining supply follows Pump’s rules. Automated execution stays disabled until escrow, delivery and recovery are verified.
FOR THE NEXT GENERATION OF LAUNCHES
Your launch.
Your terms.
Design a SOL-funded auction for your token or collection. Start with the terms. Keep control of your keys.
Public launch intake is open. Live deployment remains gated.