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Redemption

Burn tokens for the floor in USDC, less the fee that stays in the treasury.

Any holder can redeem at any time, during a sale or after it. Redeeming n tokens burns them and pays:

payout = n × F − fee
fee    = n × F × redemption fee, rounded up

The fee stays in the treasury, so the floor for everyone who keeps their tokens rises a little.

A redemption pays the floor less the fee. The fee stays, so the floor for everyone else rises. Example with a 0.5% fee.

A minimum you sign

The token page quotes the exact payout. When you sign, the transaction carries that payout as a minimum, and the program refuses to pay less. The quote is valid for two minutes.

The last holder

When a redemption burns every token in circulation, the holder receives the whole remaining treasury, with no fee, and the launch closes permanently. A closed launch shows Closed on its token page.

Your USDC account

If your wallet has no USDC token account yet, the redemption creates one in the same transaction.