A new kind of launchpad, a new kind of token: the SOL always comes home.

Honey is a launchpad for memecoins on Solana where every token has an expiry date that nobody knows. Anyone can launch a token for 0.05 SOL. It trades like any other: on Honey, Axiom, Photon, Jupiter or a bot. Then, at a random minute between 5 minutes and 24 hours, it blows.

The Honey app lists only Honey tokens. Each one is launched here, through Honey's program, with its own hidden fuse: an outside memecoin has no fuse, no pot and no last 30 buyers, so it cannot be traded in the app.

On most launchpads a coin that stops trading just fades: the price sinks, the liquidity stays locked in a pool nobody trades, and whoever still holds is left with nothing. On Honey, the end is the payout: at the boom trading stops (no more buys, no more sells), the program withdraws the pool and gives its SOL back to the holders, each by its share, and the fees collected during the token's life, the pot, go to the last 30 buyers. Everyone's PnL is settled at that minute; each one claims its share in the app.

1. 1

   Launch

   The creator pays 0.05 SOL. Honey's program mints 1 billion tokens, puts all of them in a new Meteora pool it owns, and gives up the mint and freeze authorities. No one gets free tokens.

2. 2

   The launch tax

   For the first 3 min 4 s the pool's fee drops every 4 seconds, from 50% to 4%. Bots that buy in the first block pay half their buy in fees, and that tax goes to the pot.

3. 3

   Trading

   Anyone trades it, anywhere. Every buy and sell pays the fee; 60% of it lands in the token's pot. A buy above the minimum, made on Honey, joins the last 30 buyers: that place is called a seat.

4. 4

   The hidden fuse

   From minute 5 the program draws once a minute whether the token blows. About half blow within the hour, about 1 in 25 reaches 24 hours, where it blows for sure. Nobody can read the outcome early, not even Honey.

5. 5

   Boom: trading stops

   No more buys, no more sells: the program pulls all the liquidity and the chart freezes where it is. The pool's SOL goes to the holders, each by its share of the tokens, and the pot is split between the last 30 buyers, the very last one and every holder. Everyone's PnL is settled at that minute. Anyone can trigger this step; Honey runs a bot that does it every minute.

6. 6

   Claim

   Nothing is sent on its own. Holders and the last 30 buyers claim their SOL in the Honey app, whenever they like: one signature burns the tokens in exchange. No deadline.

Three groups get paid at the boom, from two separate piles of SOL. Each one claims its own share in the app (see How you get paid).

Worked example: Orbit

Orbit lived 23h 7m. At the boom, its pool held 212.4 SOL and its pot 48.1 SOL. Here is how the program split it under the current rules:

The very last buyer had paid 1.36 SOL and walked away with 9.64 SOL. Under a flat split each of the last 30 buyers would have received 1.6 SOL; now the earliest of the 30, who stayed while the others bought after them, earn more, and the jackpot rewards whoever dares to buy last.

Nothing is sent on its own. At the boom the program withdraws the pool and keeps every SOL in the token's vault. Then each holder and each of the last 30 buyers claims its own share in the Honey app: open the boomed token, the Your claim box shows what is yours, one signature does the rest.

1. 1

   Why a claim, not a transfer

   Your tokens are burned in exchange for the SOL, and a burn needs your signature. And one transaction cannot pay hundreds of wallets at once; one claim per wallet can.

2. 2

   Last-30 prize and jackpot, same claim

   If you were one of the last 30 buyers when it boomed, that prize, and the jackpot if you were the very last buyer, lands in the same claim as your holder share.

3. 3

   No deadline

   The SOL waits in the vault until you come. A week later, a year later: still yours.

4. 4

   Creator and treasury too

   The creator's share of the fees and Honey's own share are claimed the same way, from the same vault.

A claim costs the network fee only. If you sold before the boom there is nothing to claim: your SOL already came out of the pool.

On most launchpads, bots buy in the very first block, at the lowest price, and sell into everyone who comes after. On Honey the pool's fee starts at 50% and drops every 4 seconds, by 1 point each time (27% half-way, at 1 min 32 s), down to 4% at 3 min 4 s. It then stays at 4% for the rest of the token's life.

Who gets the tax

The launch tax is just a higher fee, so it follows the same path as every fee: Meteora keeps 20%, then 75% of the rest goes to the token's pot, 12.5% to the creator and 12.5% to Honey. In short, 60% of what snipers pay ends up with the last 30 buyers, the very last one and every holder. Snipers fund the winners.

The creator is not exempt: its first buy happens in the launch transaction, so it pays the full 50%.

The same questions, asked of Honey, of the usual launchpads, and of tokens launched by their own team. Facts only, as of October 2026.

good for holders bad for holders neither

“pump.fun-style” means the common model in October 2026: a bonding curve, then a pool whose liquidity is burned or locked. “Self-launched” means a token deployed by its own team, with a pool they control. Platforms change their rules: check their own docs before you rely on a row.

Every buy and sell pays the pool's fee, collected in SOL: 4% once the launch tax is over, up to 50% in the first seconds. The pool's SOL itself is never cut: at the boom, all of it goes to the holders.

Payouts are computed in lamports; the rounding dust left after a split (a few lamports) goes to the treasury.

Everything above is done by Honey's program on Solana, not by a server and not by a person.

The game's parameters (fees, seats, lifespan limits, the launch tax) live in the program's on-chain Config, readable by anyone. While the program matures it stays upgradable under a multisig; it has no admin instruction that can move a live token's liquidity or pot.