100% of supply enters circulation through the Stonkfun bonding curve — no presale, no premine, no team allocation. The founder holds approximately 5% of supply, acquired in a single public dev buy at the bottom of the curve, disclosed with a transaction hash. There is no second wallet and no allocation appearing later under a different address.
Every transfer carries a 3% fee. That fee is converted into TAO
(taoC6xyv2v8tDLcev4uaGUgV4vdQsWJrGft2kcBRrBY, LayerZero OFT, 1:1 wTAO-backed)
and distributed automatically to holders. The creator fee is zero — nothing from
this mechanic goes to the founder beyond the disclosed dev buy.
A note on language: many tokens are described as "paired with" an asset, which only means that asset is what the token trades against. Vermilion holders are not merely paired with TAO — they are paid in it. Those are different claims.
If the curve raises 85 SOL, Vermilion graduates into a Raydium CPMM pool. At graduation, the accumulated SOL and remaining supply seed the pool, and the liquidity position is locked or burned. No wallet can withdraw it. There is no liquidity to pull, post-graduation.
That protection holds only after graduation. During the curve phase, the SOL is held by the contract itself (the founder cannot access it), but the ~5% dev bag is technically sellable at any time; the founder's public commitment is to not sell that position before graduation.
The trust story here is "the money keys can't be used" — made mechanically true by renouncing the authorities that touch value, keeping only the one that touches presentation.
| Authority | Decision | Why |
|---|---|---|
| Mint authority | Renounced | Prevents printing infinite supply — the primary rug signal. |
| Freeze authority | Renounced | Prevents freezing wallets or blocking all selling. |
| Fee / transfer-config authority | Renounced | Prevents changing the 3% fee, which would gut the entire mechanism. |
| Update / metadata authority | Kept — cosmetic only | Only changes logo, description, and links. Never supply, transfers, fees, or rewards. |
We have renounced all authority over supply, transfers, and the 3% fee. The money keys are gone. We retain the right to update branding, logo, and links as the project evolves — a dead brand can't refresh its face; a living one does. The design key stays as a commitment signal that the project is still here, still iterating, still building.
The 3% mechanic produces real TAO rewards for holders. It does not produce a floor under the token's price. If trading volume slows, the rewards slow with it, and what remains is a token whose value is set by the next buyer, same as any other. Rewards do not protect price. Both facts are true at the same time, and both are said here plainly.