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1. Every coin launches with its own on-chain treasury, on pump.fun or Raydium LaunchLab.
2. Traders pay the venue's creator fee. 100% of it goes to the treasury, locked from the first trade.
3. At each publication: 1% platform fee (buys back $COMMIES), creator share, rest to backing.
4. Rate = backing / supply, republished every interval.
5. Holders burn tokens for their share at the rate.

• One transaction: publish if due, burn, pay out in the quote asset.
• gross = min(amount × rate, amount × vault / supply), net = gross − fee
• Set a minimum received. The transaction fails rather than pay less.
• Burned tokens are gone. Supply shrinks.
• Last token redeemed: treasury goes terminal, residual to that redeemer.
• The rate is a floor, not a price or a peg.

The platform fee goes to the platform authority wallet and is used to buy back $COMMIES, the first token launched on Commies. Buybacks are made from that wallet, not enforced by the program.

Share, redemption fee and interval (1 minute on devnet, otherwise 1 hour to 30 days) are fixed at creation.

• Launch only. Treasuries are created in the launch itself: the new mint's keypair must co-sign, so existing coins cannot be added.
• pump.fun: your wallet is the pump.fun creator. The coin and finalized fee sharing (100% to the treasury) land in one transaction, the treasury in the next. Quote SOL or USDC.
• Raydium LaunchLab: the treasury itself is the pool creator, so creator fees are routed from the first instruction. Coin and treasury land atomically in one transaction, on the Commies LaunchLab platform. Quote SOL.
• LaunchLab fees: on the curve, the treasury earns the platform's creator fee (0.5%); anyone can collect it into the treasury. After graduation to Raydium CPMM the treasury stays the pool creator and earns the CPMM creator fee, collected permissionlessly.
• The Commies LaunchLab platform is administered by a Commies program address with no update instruction, so its fees cannot change.

Cluster: devnet

No admin, close or withdraw path for backing. The devnet program stays upgradeable.

• Unaudited. You can lose everything you put in.
• Upstream. pump.fun and Raydium can change fee rules or programs. Inflow may slow or stop; funds in the treasury stay redeemable.
• Quote asset. Issuers like USDC can freeze accounts and block payouts.
• Permanent. Settings and fee routing cannot be changed by anyone.
• Not advice. Not financial, legal or tax advice, or an offer of any security.

Independent. Not affiliated with pump.fun or Raydium. See pump.fun and Raydium LaunchLab.