How it works
The life of a Flisk coin, from launch to redeem.
A Flisk coin goes through the same stages as any Pump.fun coin. The reserve sits next to it the whole way and only ever grows from trading.
1 · Launch
The creator sends one transaction. First the Flisk program creates the reserve for the new mint, then Pump.fun creates the coin with that reserve as its creator and SPYx as its quote token. Details in Launch a coin.
2 · Trading on the curve
People buy and sell on the bonding curve. Each trade pays Pump.fun's creator fee in SPYx, which Pump.fun keeps in its creator vault for that coin.
3 · Collecting the fee
Pump.fun lets anyone move the creator vault to the creator. For a Flisk coin the creator is the reserve, so the SPYx can only land there. The Flisk page does this inside every redeem, and a small job does it every few minutes so the numbers on the page stay fresh.
4 · Graduation
When the curve fills, the coin moves to PumpSwap like any other. PumpSwap keeps paying the creator fee in SPYx, and it is collected into the same reserve.
5 · Redeem
At any point a holder can burn coins and take their share of the reserve. See Burn to redeem.