Docs / Starting pools

Starting pools

In short

Every coin starts at a value of at least $20K. Bigger items start below their value, so buyers have room to grow, but that is not a promise of gains. A deep pool means each trade moves the price less.

Why our pools are deeper than meme launches, and how they're sized.

Words used on this page

Market cap: the price of one coin times all the coins, so the total value of the coin.
USDC: a digital dollar. One USDC is meant to be worth $1.
Devnet: Solana's test network. Coins there have no real value.
Pool: a pot of coins and USDC that people trade against. A deeper pot means steadier prices.
Vesting: coins that unlock bit by bit over time instead of all at once.
On-chain: recorded on the Solana blockchain, a public record anyone can check.
Wallet: an app (like Phantom) that holds your coins. Only you control it.
Appraisal: an expert's written estimate of what an item is worth.
API: a way for apps and bots to talk to Liquistate directly.
Buyout: someone buys the whole item, and holders get paid in cash.

Think of it like: a bigger bucket of water: the more there is, the less one cup in or out changes the level.

Why coins start lower than the card

Think of a house listed a little under its appraisal: buyers see room to grow. If a coin started at the card's full value, there would be little room left. So every card coin starts lower, and never below $20K.

We check the card's appraised value.
Its tier sets the starting market cap (table below).
The pool gets 600M of the 1B coins plus 60% of the starting market cap in USDC, so the price starts exactly at the tier's value.
The buyout floor stays at the card's full value (or the 30-day average market cap, if higher), so holders are still protected at card value.

Card value	Starts at	USDC in pool	Coins in pool	$100 / $500 / $1,000 / $2,500 buy moves the average price
Under $20K	Basket coin	-	-	-
$20K to $50K	$20K	$12K	600M	0.8% / 4.2% / 8.3% / 20.8%
$100K (40% tier, $50K to $250K)	$40K	$24K	600M	0.4% / 2.1% / 4.2% / 10.4%
$250K	$100K	$60K	600M	0.2% / 0.8% / 1.7% / 4.2%
$1M (30% tier, over $250K, at least $100K)	$300K	$180K	600M	0.06% / 0.3% / 0.6% / 1.4%

Starting lower is not a promise of gains. Prices can fall below the start too. Cards under $20K still start at $20K, so for them the start is above the card's value.

Optional treasury reserve

Think of a company keeping some shares aside for staff rewards. The person launching a coin can set aside 0% to 30% of all coins in their own wallet (the launcher's treasury wallet, or another wallet they pick), to pay holder rewards later.

You can set aside up to 30% of your coins for your coin's treasury. They're locked for 30 days, then unlock in 12 equal monthly amounts.

Liquistate never holds your coins. The reserve is locked on-chain in your name. No Liquistate wallet ever holds, controls or signs for your reserve or your owner share, not even for a moment.
Pick a reserve percent from 0 to 30 when you launch. Anything over 30% is refused. The coins are locked in your own launcher wallet's name.
Until the coin graduates, the coins stay locked on-chain in the launch contract, in your name. When it graduates, you sign one transaction that claims them and puts them, in the same step, into a vesting that nobody can cancel, change or pause (Streamflow's audited vesting program). You are the only signer.
Nothing unlocks for the first 30 days. Then 1/12 unlocks each month for 12 months, in whole monthly amounts, never a trickle. A month can only be claimed after its date has passed. If the coin graduates late, months already passed can be claimed right away.
Claim each unlocked month from the coin page (or the API). The coin page shows the next unlock date, how many coins are unlocked, claimed and still locked.
If the item's owner also keeps a share, the owner's share keeps its own, longer schedule. The reserve keeps exactly 30 days plus 12 monthly amounts.
The reserve never goes on the curve or into the pool. The owner's share plus the reserve can be at most 40% of all coins.

$20K start	Coins in pool	USDC in pool	$2,500 buy moves the average price
No reserve	600M	$12,000	20.8%
10% reserve	540M	$10,800	23.1%
20% reserve	480M	$9,600	26.0%
30% reserve	420M	$8,400	29.8%

The starting value stays the same, but a bigger reserve leaves fewer coins and less USDC in the pool, so each trade moves the price more.

How deep the pools are

Typical meme launchpads leave about 20% of market cap in the pool. Liquistate card pools hold 60% of the starting market cap in USDC:

Class	Pool
Cards, collectibles	60% of the starting market cap
Real estate	30% of equity (25% over $2M)
Cars	50% (35% over $250K)
Stock pairs	30% of market cap
Baskets	60% (cars 50%, property 30%), at least $6K

Who funds it

Mostly the launch curve sale, plus the owner (10% of the starting market cap, locked), plus a Liquistate match for items over $25K. The pool is locked for 12 months, and part of Liquistate's fee keeps adding to it.

Example numbers · subject to change · Solana devnet only · not investment advice