$PREEM on Solana

Every handle is a claim. Stake it first.

Bond any unclaimed X handle or GitHub repo. The owner has 48 hours to reclaim at cost. After that, it's yours.

Stake a claim How it works

Seven moves from stake to rebind.

Stake a bond

Anyone bonds an unclaimed X handle or GitHub account or repo. Bond size scales with the name's reach, so a top account costs orders of magnitude more than a random anon. v1.1 The bond binds to the platform's stable account id, not the handle string: a rename never opens a fresh claim, and whoever picks up a dropped handle inherits nothing.

Handle enters the registry

Dispute window

The owner proves control with a one-time code (a tweet, a repo file or a gist) and reclaims the handle, paying the squatter the bond at cost minus a 10% forfeit. If two or more squatters bonded the same name, a mini-auction decides between them.

Protection, not a tax

Conversion

No owner showed up. The bond turns into a Claim NFT, the Scout Deed, in the winner's wallet. It trades on our market, on Magic Eden and on Tensor like any other NFT.

Metaplex Core Scout Deed

Exercise

Whoever holds the Deed can launch the name's coin on pump.fun at any moment. The holder at that moment is the launcher. The coin's creator is the name itself, not a wallet, so its creator fees belong to the name for good.

Launch on pump.fun

Fee split

Every trade of the coin pays pump.fun's creator fee to the name. Anyone can sweep it, and the program splits it: 60% to the creator, 40% scout tax to the Deed holder and, when it applies, a quarter of the scout tax back to the creator.

Paid from real volume only

Buyback

After exercise the creator can buy the Deed back from whoever holds it at a price the program computes. No negotiation, no ransom for your own name.

Deterministic formula

Rebind

Lost the wallet you verified with? Prove control again from a new one and the registry moves the creator binding after a 24 hour delay, or at once with a two-of-N verifier attestation. v1.1 Rebind only goes through when the stable account id matches the one bound at first verification.

Same account, new keys

Five hands on one name.

Hover a figure. Same paper chain, different cut.

Creator

Owns the X handle or GitHub account.

Two tracks. Same 48 hours.

Bond size follows the signal that matters on each platform. Exact coefficients get calibrated on live data after launch.

X handles

Bond signal
Follower count and growth rate. Non-linear: top accounts cost orders of magnitude more.
Trigger
Manual. The 48 hour window opens the moment a bond is staked.
Reclaim
Owner posts a one-time code from the account and pays the bond back at cost.

GitHub repos

Bond signal
Repository stars and release cadence.
Trigger
Automatic. An oracle on stars and releases opens the window.
Quirk
Claim a repository as a project, not only its maintainer.

Being hunted pays.

Four independent levers for the creator. Each one is a separate on-chain event, so payouts never overlap. Whether you launch, someone else launches, or nobody does, being noticed earns.

Founder's Auction

Auction your own future claim before anyone bonds it. 100% of the premium goes to you. The first bond staked on your handle closes this door forever.

Paid by auction biddersOpen while no bond exists

Notoriety Dividend

Two or more squatters fought over your name? The losing bids fund a dividend you claim at verification. v1.1 Ninety days without a verification and anyone can sweep the pool into a buyback-and-burn of the coin; the clock resets. A verified creator is never swept.

Paid by losing squatters90-day sweep in v1.1

Recognition Premium

Someone else launched your coin? A share of the scout tax flows to you for as long as it trades.

25% of scout tax

Buyback

Any time after exercise you can take the Deed and all future scout tax back from the current holder. The price is computed by the program, never negotiated.

price = max(bond_cost, k x trailing_90d_scout_tax_revenue), k = 8

1.00bond cost floor wins

Example with bond_cost = 1.00. Mock values, units omitted on purpose.

One program. Every trade.

Every payout in the protocol is funded by real trading volume on pump.fun. No $PREEM is minted to cover a shortfall.

The program splits each coin's pump.fun creator fee into the creator's share, the scout tax and the recognition premium TRADE CREATOR FEE Preemption splits every sweep Creator share to creator, always 0.0000 SOL 60% Scout tax to deed holder 0.0000 SOL 40% Recognition premium 1/4 of scout tax to creator 0.0000 SOL 1/4 SCOUT One chip = one trade. Amounts illustrative, hover an output to trace its wire.
Who launched the coin?

Someone else exercised the Deed: a quarter of every scout tax flows back to the creator on top of the creator share.

Preemption program

One Anchor program runs it all: bonds, the 48 hour window, owner verification, the mini-auction between competing squatters and the creator's wallet rebind. v1.1 keys bonds by the platform's stable account id.

Scout Deed Metaplex Core

The Claim NFT itself. Carries the right to the scout tax and trades on any Solana NFT market.

Claim Ticket Metaplex Core

A soulbound ticket minted to every staker in the stake transaction. It stays with the wallet that was early on a name.

Founder's Auction

The creator's pre-emptive sealed-bid self-auction, opened by commit and reveal. Closes for good after the first staked bond.

Notoriety Dividend

Accumulates the share from losing mini-auction bids, claimable by the creator at verification. v1.1 adds the permissionless 90-day sweep that buys back and burns the coin.

Launch

Creates the coin on pump.fun at exercise with the name as its creator and fixes the fee split for the coin's whole life.

Fee split and buyback

Collects the coin's creator fees from pump.fun, and from PumpSwap after graduation, then splits them: creator share, scout tax, recognition premium. The buyback price comes from the last 90 days of scout tax.

Deed market

List, buy and cancel on chain. The deed never leaves the seller's wallet until it sells; the sale pays the seller and moves the deed in one transaction, 1% fee.

Ten invariants. Not negotiable.

Items marked v1.1 came out of the person.fun review and ship with the next program upgrade. Everything else is enforced on Solana today.

  1. 1

    Verification, Exercise and Buyback are three separate on-chain events with separate payouts. None of them implies another.

  2. 2

    Founder's Auction exists only while no bond is staked. The first bond moves the handle to the squatter branch for good, unless the creator committed to the auction before it.

  3. 3

    Notoriety Dividend needs at least two competing bonds in the same window. With one squatter there is nothing to split.

  4. 4

    The Notoriety pool is claimable by the creator at verification. v1.1 After 90 days without a verification anyone can sweep it into a buyback-and-burn and the timer resets. A verified creator is never swept.

  5. 5

    Recognition Premium accrues only when the address that exercised is not the verified creator's address.

  6. 6

    The creator's 60% of a coin's creator fees is fixed the moment the coin launches. Neither the Deed holder nor the launcher can lower it.

  7. 7

    Buyback price is computed by the program, not negotiated with the holder. Direct purchase can never become extortion.

  8. 8

    Every payout comes from real trading volume on pump.fun. Zero volume in a period means zero payout. No $PREEM emission.

  9. 9

    v1.1 personKey = hash(platform, stable account id), never the handle string. A rename opens no new claim, and the next owner of a dropped handle inherits nothing.

  10. 10

    v1.1 Rebind succeeds only when the stable account id matches the one bound at first verification. Anything else reverts.

Open questions before v1.1.

Thresholds and coefficients get fixed on the first weeks of live data, not hard-coded upfront.

Oracle dependencemitigated

Follower counts on X and stars or releases on GitHub are external feeds. Manipulation or delay distorts bond size and, on the GitHub track, the moment the window auto-triggers.

Sybil risk on the dividendopen

Affiliated wallets could stage a mini-auction between themselves to pump a Notoriety Dividend for a friendly creator. An anti-collusion mechanism is required.

MEV on Founder's Auctioncommit-reveal

A bot watching the chain could stake a bond the moment a creator opens their own auction, closing the door first. Opening is commit and reveal: a bond staked after the creator's commit cannot block the auction.

Coefficient calibrationafter launch

Bond thresholds per track and the k in the buyback formula are set experimentally after the first weeks of real data, not fixed in v1.0.

Where the forfeit goesdefault: treasury

When the owner reclaims inside the window, the 10% forfeit either goes to the protocol treasury or to an insurance pool for good-faith squatters. Undecided.

Reputation of the mechaniccomms

Squatting someone's name, even reversibly, can read as toxic. The window and the reclaim-at-cost must be communicated as the owner's protection, not an afterthought.

Sweep period calibrationv1.1 · 90 days

Ninety days is the starting value, borrowed from person.fun's cycle. Too short and slow but genuine creators get swept; too long and dead dividends keep piling up. Tuned on live data.

pump.fun dependencewatched

Coins launch and trade on pump.fun, and their creator fees are collected from pump.fun's vaults. A change in pump.fun's programs or fee schedule changes what flows to names; the program follows with an upgrade.

Live

Windows open right now.

Every bond on a name starts a 48-hour clock. Owners, this is your alarm. Scouts, this is the board.

Open disputes

    Someone's name is still unclaimed.

    The program goes live on Solana with the $PREEM launch on pump.fun.