Risk disclosure

You can lose everything

Tokens launched here are memecoins, and memecoin prices fall. They have no business behind them, no revenue, no assets, no team obligation and no intrinsic value. A token can lose most of its value in a day, and nothing here protects against that. Treat anything you spend here as money you have already lost.

This is experimental software

The contracts and this site are experimental, and they may simply fail. They are provided as they are. A token is immutable once it is on chain, so a bug cannot be patched, only abandoned. A flaw in the code, in the maths, or in how two contracts interact could take your funds with it, and nobody could reverse it or compensate you. By using it you accept that risk.

Nothing here can be undone

A transaction on the chain is final the moment it is included. It cannot be cancelled, refunded or reversed by us, by a token creator, or by anyone else. A wrong amount, a wrong account, or an approval given to the wrong contract cannot be corrected afterwards. There is no chargeback and no support ticket that returns your money.

Nobody is vetting these tokens

Nobody reviews a token before it appears. Anyone can create one for a small fee, in about a minute, with any name and any picture. We do not check who they are, what they claim, or whether the name belongs to someone else. A token named after a famous company or person almost certainly has nothing to do with them, and creators can abandon a token, lie about it, or set it up to work against you.

Names and tickers are not unique. A token can be made to look like another one. The account ID is the only real identity, and it is the thing to check every time.

The creator sets the tax, and it can be brutal

Every launch has a buy tax and a sell tax chosen by its creator, up to 10% each, and both are permanent. A 10% sell tax means selling 100 NEAR of tokens returns about 90, before price impact. Neither we nor the creator can lower them later. The sell tax is the one to read before you buy rather than after: a token can be cheap to enter and expensive to leave, and that is allowed here.

The creator earns whether you win or lose

Part of every tax goes to the creator, continuously, whether the price goes up or down. A creator can profit from trading volume alone while every holder loses money. The platform takes a fifth of every tax on the same terms, and neither share depends on the token doing well.

Early buyers have a structural advantage

Price rises along the bonding curve as tokens are sold, and the last token on the curve costs nine times the first. Whoever buys first pays least. If you arrive later you are paying more for the same token, by design, and one person can buy a large share of the curve in a single transaction.

Dividends and buybacks are not promised

What a holder is paid is whatever the tax on other people’s trades actually collected, and that can be nothing. No amount, no rate and no frequency is promised. Dividends depend entirely on trading volume, and when trading stops they stop. They are not yield, not interest, and not a return on an investment.

A creator can set the holder share, the buyback share or the liquidity share to zero. Where they did, none of those ever runs on that token, and no later decision by anyone can turn it on.

Nothing is ever sent to you. Everything a launch owes you sits as a credit inside its contract until you claim it, and you pay the network fee to do so. What you have earned does not expire.

Price impact and slippage are real

These markets are thin, and a large order moves the price against you immediately. The interface shows an estimated price impact and lets you set a slippage tolerance, and a wide tolerance means you may get far less than you expected.

Every figure on a screen is an estimate. What you actually receive is decided by the contract at the moment your transaction lands, the price can move between the two, and nothing on a screen binds the contract.

Trading stops between selling out and the pool opening

When the curve sells out, the token cannot be bought or sold until somebody opens its pool. Your balance is untouched while that lasts and nobody can take anything from you in it, but you cannot get out either. Opening the pool is a call anyone can make and a platform job makes it automatically, and neither of those is a guarantee of when it happens.

What cannot be taken from you

Nobody can freeze your balance, seize it, block a sale, or make more of a token. There is no pause button, no blacklist and no mint anywhere in these contracts, for us or for a creator, because there is no such method to call. A graduated pool is owned by the token itself and its principal cannot be withdrawn by anyone.

That is the whole of what the contracts themselves guarantee. Everything else on this page can go wrong.

We are not holding anything for you

We never take custody of your assets. We cannot freeze, recover, refund or return them under any circumstances, and there is no version of this product in which we could.

Losing your keys loses everything

Your wallet is the only way to reach what you hold, and nobody here can restore it. There is no password reset, no account recovery, and no support line that can move your funds.

A signature given to a malicious site or contract can empty your wallet, and that happens outside this site entirely. Nobody working on Shards will ever ask you for a seed phrase, a private key, or a signature to verify a wallet.

The chain itself can fail

The chain can halt, fork, congest, or change its rules. Nodes, price feeds and this site can be unavailable, wrong or out of date while the chain keeps running. A transaction can fail and still cost you the gas. None of that is in our control, and none of it is a reason to expect compensation.

The numbers on this site can be wrong

Prices, market caps, progress bars, holder counts and charts come from an indexer that can lag the chain, stall, or show stale data. The blockchain is the only record that counts, and everything drawn from anywhere else is advisory.

Community takeover changes who gets paid

Where it is enabled, a takeover can move a creator’s future fee share to a different wallet, through a process defined in the contracts and executed by a key we hold. It changes nothing else: not the taxes, not the supply, not the liquidity, and not fees already earned. If you are relying on who controls a launch, check its current state rather than assuming.

This is not advice

Nothing on this site is investment, financial, legal or tax advice. We do not know your circumstances and we are not recommending anything to anyone. Nothing here is a rating, a verdict or a promise that a token is sound, and the order of any list is not a recommendation. What you owe in tax on any of this is yours to work out.

The rules can change

How tokens like these are treated in law is unsettled, and it differs from place to place. A change can make what you hold harder to sell, harder to value, or unlawful for you to hold, and none of it would be reversible afterwards.

Where you live may prohibit this

Your local law may restrict or forbid trading these assets. Finding out what applies to you is your responsibility, and you must not use this site where it is prohibited or if you are a sanctioned person. You must also be at least 18.

Nothing here checks. We ask for no name and no document, we do not look up where you are, and there is no geographic block on this site. Being allowed to use it is something you confirm, not something we verify, and using it is you confirming it. The Terms of Use set out exactly who may not be here.

Nobody is coming to help

This is not a company, a broker or a regulated exchange. There is no deposit protection, no compensation scheme, no insurance, no ombudsman and no complaints process. If a token collapses, if a creator disappears, or if a contract behaves in a way nobody expected, there is no one who will make you whole, and the Terms of Use limit what you could claim from us to almost nothing.

If you are not willing to carry every risk on this page yourself, close this page and do not trade.