Risk disclosure

Before you start, understand what this is.

This site lets anyone create a coin in a few seconds. Nobody reviews these coins. Not us, not Robinhood, not anyone.

Most coins created here go to zero. That is the normal outcome, not the exception. On the largest site of this kind, 98.6% of coins ended as a scam or a collapse, measured across about 7 million launches by Solidus Labs.

The person who created a coin can sell all of theirs at any time. We cannot stop that, and neither can you.

A creator can buy some of their own coin when they create it, up to 5%. On this site they pay 27% more than you will for it, because the price starts high for the first few seconds and falls to normal. A creator can also just buy from another wallet a few seconds later at the normal price, and we cannot tell that apart from anyone else buying. Check the creator's share on the coin page before you buy.

Trades are final. Once a trade is confirmed on the network it cannot be reversed, cancelled or refunded. There is no support line that can get your money back.

We are not your broker and we are not your adviser. Nothing here is a recommendation to buy or sell anything.

This network is run by one company. Robinhood operates the only sequencer for this network and can stop individual transactions from going through. We do not control that.

Only spend what you are ready to lose completely.

Nobody outside this team has audited these contracts. An audit is an independent review by security specialists who look for faults the authors missed, and these contracts have not had one.

So when this site tells you what a contract can and cannot do, read that as a description of what the code says, not as a promise that the code is faultless. A fault in it could cost you everything you put in. That risk is on top of every other risk on this page, and it applies to every coin here, not only to this one.

The things we cannot do

We would rather list these than let you find them out at the worst moment.

• We cannot delete a coin from the network. We can only stop showing it here.
• We cannot reverse, cancel or refund a trade once it is confirmed.
• We cannot stop a creator from selling every coin they hold.
• We cannot change where a coin's trading fees go after it moves to the open market. That is fixed by a contract that nobody can redirect, including us.
• We do not control the network. One company runs the only sequencer on it.
• We cannot tell you a coin is a good idea. Our automatic checks look for a few specific patterns and they miss things constantly.
• We cannot tell you the contracts are free of faults. Nobody outside this team has reviewed them.

What our checks actually do

Every coin on this site carries one of three words: nothing flagged, be careful, or high risk. That word comes from automatic checks that look at things like how much of a coin one wallet holds, how old the coin is, and whether its name copies something else.

These checks run automatically and they cannot catch everything. A coin can pass every check and still go to zero. The word is a summary of what a computer noticed. It is not a judgement about whether a coin is worth buying, and it is never a recommendation.

Costs you will pay

Every buy and every sell costs a share of the trade, and it is not the same on every coin. The person who created a coin chose its rate when they made it, anywhere from 1% to 5%, and it cannot be changed afterwards. It is charged on the launch curve and at the same rate after the coin moves to the open market. On top of that, every transaction costs a network fee, paid to the network and not to us. The full list is on the Fees page.

Check the rate before you buy. It is on the coin card and on the coin page, and a coin at 5% costs five times as much to trade as a coin at 1%.

That means a buy followed immediately by a sell leaves you with less than you started with, even if the price has not moved at all. The first time one of your holdings shows a loss, this is usually why.

Age and location

You must be 18 or older to use this site. We do not offer it in some countries, and the list is on the Where this works page with the reason for each one.

The state of this document

This version has not been reviewed by a lawyer. The facts on it are accurate and the version number stays below 1.0 until counsel has been through the wording. We would rather say that than present a draft as a finished disclosure.