Terms of Use

These terms are a draft written for Backer as it will run at launch. They may change before they take effect.

Today Backer is a prototype. No transaction is broadcast, and the tokens, prices and traders shown are sample data. The chain volume figures from DeFiLlama and the real markets from GeckoTerminal are the only live market data on the site.

In these terms, "Backer", "we" and "us" mean the operator of the Backer website, and "you" means anyone who uses it.

The operator's legal name and mailing address will be published here before launch, along with an email address for questions about these terms.

You accept these terms when you check the box in the entry notice and select Agree and continue. Using Backer after that also means you accept them. If you do not agree, do not use Backer.

The Risk Disclosure, Privacy Policy, Cookie Policy and Intellectual Property and Takedown Policy are part of these terms. If one of them conflicts with these terms, these terms control.

When we change these terms in a way that matters, we will change the version of the entry notice so that you are asked to agree again.

You must be at least 18 years old and old enough to enter a binding contract where you live.

Backer blocks access from Cuba, Iran, North Korea, and the Crimea, Sevastopol, Donetsk and Luhansk regions of Ukraine. Do not use Backer if you are located in or live in one of those places, and do not use a VPN, proxy or any other method to get around the block. The list follows US sanctions programs and can change when they do.

Do not use Backer if you are named on a US sanctions list or act for someone who is.

It is your responsibility to know whether you may use Backer where you are. If the law where you are does not allow it, do not use it.

We may block or limit access for anyone we reasonably believe is breaking these rules.

Backer is a website for using smart contracts on Solana, Ethereum, Robinhood Chain, BSC and Base. Through it, anyone can create a token, buy tokens on a bonding curve, and trade a token once it moves into a pool on a decentralized exchange.

Backer charges nothing to create a token. The creator pays network gas, and on Solana also account rent and the 0.01 SOL fee Metaplex charges for token metadata. Every token has a fixed supply of 1,000,000,000 and no function to mint more.

Each token starts on a bonding curve that fills at $25,000, priced in USDC, or in USDG on Robinhood Chain. Until it fills, you can back the token on the curve, and sell to the curve the tokens you got there, from the wallet you used, at the same fee both ways. Locked tokens can be sold once their lock ends. LP-mode deposits and the creator buy cannot be sold on the curve. Once the curve fills, selling on it closes until the pool opens. If it has not filled 30 days after launch, backing and selling close, and the money left in the curve is shared among the tokens still out, the same amount for each token, except that the creator buy gets back no more than it cost on the curve and the rest of its share goes to the other tokens. Each holder can claim their tokens’ share, paid to the wallet they used. That share can be more or less than what you paid. In LP mode, the half held for the pool comes back in full, and the half that bought tokens takes the same share per token. Fees are not returned.

When a curve fills, the token graduates into a pool: Raydium on Solana, Uniswap v4 on Ethereum and Robinhood Chain, PancakeSwap Infinity on BSC, and Aerodrome on Base. From then on, trading in that pool sets the price. On every network, if a full curve has not graduated 7 days after it filled, for example because PancakeSwap has paused trading on BSC or Raydium is not accepting new pools on Solana, anyone can mark its graduation stalled. It then never graduates, and it is refunded the same way as a curve that did not fill in 30 days.

The information Backer shows about tokens, wallets and trades comes from public blockchains, third parties and users. It can be late, incomplete or wrong.

Backer never takes custody of your funds. You use your own wallet, or a self-custodial wallet embedded in the site by Privy when you sign in with email or a social account.

Privy provides sign-in and embedded wallets under its own terms and privacy policy, and Backer does not control its service.

You are responsible for your wallet, your sign-in method and your keys. If you lose access, Backer cannot restore it.

Once a transaction is sent to a blockchain, Backer cannot cancel or reverse it. You pay the network fees for your own transactions.

Backer takes 0.25% of every trade, on the bonding curve and in the pool. The contracts cannot be upgraded, no admin key controls where fees go, and the Backer fee cannot be raised after deployment.

Each token also carries LP injection, a fixed 0.10% of every trade on every token, which is added back to the token's pool, and a fee split set by its creator: a creator reward, rewards and LP rewards. The all-in fee, including the 0.25% taken by Backer, is at most 1.25% of a trade. On Ethereum, Robinhood Chain and BSC, where the exchanges support hooks, that cap steps down as the token's market cap grows. On Base and Solana, pool trades pay a flat 1% pool fee, and on Solana, Raydium keeps 16% of that pool fee.

When a curve graduates, a fee of 0.015 SOL, or the same value in the native token on other chains, is taken from the liquidity being added to the pool.

When a curve graduates, $600 of the money raised is also taken from the liquidity being added to the pool and held for that token’s token-info listings on DEXTools and DEX Screener. Only Backer’s listings wallet can spend it, only on those listings and only within 30 days of graduation. Whatever is not spent is added back to the pool’s liquidity. Nothing is taken from money held for LP-mode positions, nothing is charged to the creator for it, and nothing is taken from a curve that never graduates.

A token's rewards are divided between holders and traders in a proportion its creator sets at launch and cannot change after. Holder rewards go to holders by balance. Trader rewards go to traders by the volume they trade, week by week, and can be claimed once the week is over. No trade earns trader rewards worth more than half the fee it paid, and what that limit holds back goes to the token's holder rewards. Sales back to the bonding curve earn no trader rewards. On Base and Solana the exchanges cannot credit a trade to the wallet that made it, so tokens there pay their rewards to holders only, and on Solana only to holders who stake. On Solana each harvest spreads the rewards it collects, with any still arriving, over the next 7 days, so staked tokens earn only what arrives while they are staked.

Rewards are paid by the token's smart contracts, out of that token's own trading fees, and the contracts distribute them to holders or traders by fixed rules. Backer and its operator, Community Platform, never hold, pay or control them, and they are not a payment by the company. Of every trading fee, only the 0.25% platform fee goes to the platform's treasury. Rewards are paid in the chain's native token: SOL on Solana, BNB on BSC, and ETH on Ethereum, Robinhood Chain and Base.

Others can charge their own fees, including network gas and any card or wallet payment provider you use. The Fees page shows the full schedule.

When you buy on a curve you choose a mode. Token mode sends the tokens to your wallet. LP mode gives you a share of the token's LP-mode liquidity position, which is added to the pool at graduation.

An LP-mode share is valued at the pool's price. The tokens in it were bought on the curve, mostly below the price the pool opens at, so right after graduation a share can be worth more than was put in, most of all for early buyers. That is not a gain you can count on keeping: from then on the share moves with the price and can fall below what you put in. A value the site shows is at the current price, not what withdrawing and selling would return, since selling moves the price.

Every token is judged at three checkpoints on its cumulative trading volume, counted from graduation and each judged on the volume counted by that day: $1,000,000 by day 30, $5,000,000 by day 90 and $25,000,000 by day 180. Backing on the curve counts toward it; selling back to the curve does not, and it does not count toward trader rewards either.

A miss at checkpoint 1 or 2 unwinds nothing and does not touch LP-mode positions. It halves the creator's share of the creator reward (all of it, then half, a quarter, an eighth) and pauses the creator's vesting at what had vested. The part the creator loses goes to the token's rewards, divided as the token's split sets and paid by its smart contracts, never to Backer. Once cumulative volume reaches any later checkpoint's target, even before its day, the full share is restored and vesting catches up at once; a later miss halves it from full again. Reaching $25,000,000 ends the checkpoints, with the full share for good.

A miss at checkpoint 3 halves the share again, and the creator then has 7 days to give one of two answers, from the creator's wallet only. Reversion unwinds the remaining LP-mode position: each LP-mode buyer still in it can claim a share of what comes out, in proportion to what they contributed, paid to the wallet they contributed from. That share can be less than what you put in, and nothing tops it up. Keeping going leaves the pool and every position as they are, with the share reduced and vesting paused until cumulative volume ever reaches $25,000,000. Nothing else is judged after either answer.

If the creator does not answer within those 7 days, anyone can mark the token community owned, and that cannot be undone. From then on the whole creator reward goes to the token's rewards, divided as the token's split sets, and the creator's retained supply that had not vested when vesting paused is burned. The creator keeps what they were paid and what had vested. The pool stays, and nobody is forced out of a position.

An LP-mode share cannot be withdrawn before checkpoint 1 is judged, or after a missed checkpoint 3 while the creator decides or a takeover waits. At any other time after checkpoint 1, LP-mode buyers can withdraw their share whenever they choose. A share withdrawn earlier is not affected by a later reversion. The creator cannot change or waive these rules.

Tokens bought in token mode stay in their holders' wallets. After a reversion, trading continues on the liquidity that remains, which can be much less.

A creator who keeps part of the supply can also lock it through the final checkpoint, 180 days after graduation. You can choose to lock tokens for 7 to 180 days. A locked position gets a larger share of the token's rewards, taken from holders who did not lock. If the token pays little or nothing in rewards, a lock earns little or nothing.

You can end a lock early. If you do, you give up the lock's unpaid rewards and pay a penalty of up to 10% of the locked tokens, scaled by how much of the lock was left. Both go to holders who keep their locks.

Copy trading lets you follow the trades of another trader. Each copied trade pays the normal fees and fills after the original trade, often at a worse price, so your results will differ from theirs.

A trader you copy can take a share of your profit, at a rate they set from 0 to 10% and show before you start. It is taken only when a copied sell brings your profit from copying them to a new high, and only on the part above your best so far, so nothing is taken while you are down. A share taken on a gain is not returned if you later lose that gain. Backer keeps a tenth of each share, and the trader the rest. A sale you make yourself, outside the copy, pays no share.

A trader's rank or past results are not a recommendation, and the traders shown in the prototype are samples.

A trader can post updates. Anyone can read them, and they appear in the feeds of the trader's followers. Reading and writing posts is free.

You can pay to send a trader a direct message, at the price the trader sets, from $1 to $25 a message, or $3 if they have not set one. You pay in USDC from your own wallet into an escrow smart contract, not to the trader, and the message is delivered only after that payment is confirmed on its blockchain. The trader's replies are free.

If the trader replies within 72 hours of your message, the payment is released: 90% to the trader and 10% to Backer, and it is not refunded after that. A reply counts when the trader writes at least 2 words from their own signed-in account, and one reply releases every message you paid for in that conversation before it. If no reply counts within 72 hours, you can take the whole payment back from the escrow with a transaction you send, which costs the network's gas. Until you do, it stays in the escrow and nobody else can take it. Backer confirms a reply to the escrow with a signature that can only release the payment to the trader and to Backer; it cannot send your payment anywhere else. The price, the split and these rules are shown before you pay.

Paying for a message buys the chance of a reply. It does not buy advice, a particular answer, or anything else. Paid messages are not yet available on Solana.

Posts and messages are text only, and links in them are shown as plain text. Do not use them to promote a token without saying that you hold it or are paid to mention it, to promise a profit, to ask for keys or payments outside Backer, or to harass anyone. You can block anyone, which stops messages and payments between you in both directions, and report any post or message. We can hide posts and messages and close accounts that break these rules.

Posts and messages from traders are their own views. They are not advice from Backer and they are not investment advice. Traders can be paid by followers, through paid messages and through a share of copiers' profit, so a trader can gain from what they tell you.

If you create a token, you confirm that you own or have permission to use its name, ticker and image, and that it does not impersonate any person, brand or project.

Some tickers are reserved because they would be mistaken for major assets or for Backer. Do not try to get around that.

Do not promise buyers a profit or a rising price, and do not make false or misleading statements about a token. If you promote a token you created, say so, and say whether you hold it.

A token's name, ticker and a link to its details are written into its contract on a public blockchain. Backer can hide a token from its website but cannot remove it from the blockchain.

If you link a wallet to your profile, you confirm it is yours, and you agree that every token launched from it shows your handle, a link to your profile and when you last posted. The link is your choice, you can remove it in your profile at any time, and it changes nothing on the token or its contracts.

A creator can keep up to 70% of a token’s supply instead of selling all of it on the curve. Retained supply is not sent to the creator. It is held by a vesting contract created with the token, and it can only leave on the schedule set before launch.

Two rules govern when it can leave, and the later one applies. Nothing is released before the cliff the creator set; at the cliff, the share accrued by that date is released at once, and the rest is released evenly to the end of the vesting period. Separately, where the creator took the lockup, nothing can be transferred at all until 180 days after the token graduates, whatever has vested. A curve that never graduates releases the lockup 210 days after launch, so supply cannot be held forever by a curve that never opened a pool.

The schedule, the lockup and the receiving address are fixed when the token is created and cannot be changed afterwards, by the creator or by Backer. Releases are pulled by the creator, who pays the gas. If the creator loses that key the supply stays in the contract permanently and nobody can recover it.

A missed checkpoint pauses vesting: while the creator's share is reduced, nothing is released beyond what had vested at the miss, and a restore lets vesting catch up at once. A community takeover burns the part of the retained supply that had not vested when vesting paused, whether or not it is locked, and the schedule stops there. What had vested stays the creator's and is released as the lockup allows.

Where a schedule is published it is shown on the token’s page, with how much is transferable that day. A creator keeping more than 10% without a published schedule fails that line of the token check. Retained supply works the same way on every chain Backer supports.

A creator may also back the token with up to 20% of supply on the curve at launch, at the curve price like any other backer. That purchase is separate from retained supply and is not vested. It is held until the token graduates and cannot be sold on the curve, and after graduation it is locked only if the creator chose a lock. If the curve expires unfilled, it gets back no more than it cost on the curve. Its size and its lock are shown on the token page.

Do not use Backer to break the law, get around sanctions or launder money.

Do not manipulate markets. That includes wash trading, coordinating buys or sells to mislead others, and spreading false information about a token.

Do not impersonate anyone, infringe anyone's rights, or post content that is illegal, sexually exploitative, hateful or harassing.

Do not attack, overload or disrupt Backer, and do not use automated tools in a way that harms the site or other users.

You keep ownership of the profile details, images and other content you submit. You give Backer a worldwide, non-exclusive, royalty-free license to store, copy and display that content in order to run Backer.

We may hide or remove content, or restrict an account, if we believe it breaks these terms or the law, or after a valid notice under the Intellectual Property and Takedown Policy. Accounts that repeatedly infringe the rights of others lose access.

Content by Mira, a social content service listed on the Creator services page, is an independent service. Backer is not paid for the listing and takes no part of a subscription. No token needs it, and taking it changes nothing about how a token is created, listed, ranked or traded.

A creator setting up a token can choose to pay for it from the launch. If they do, the one-time onboarding fee and the first month are taken from the money raised on the bonding curve when the curve graduates, so the pool is seeded by that much less, and each later month is taken from the creator’s share of trading fees before it reaches the creator. Nothing is taken from a curve that never graduates, and nothing is taken from the pool, from holder or trader rewards, or from anyone’s tokens.

Every token that takes it says so on its own token page, with the amount, from the day it launches. The service is supplied under its own agreement between the creator and Content by Mira, and the work is its responsibility.

Backer depends on services it does not control: the blockchains it supports, the exchanges that hold pools, Privy for sign-in and embedded wallets, Supabase for profiles and images, Vercel for hosting, DeFiLlama for chain volume figures, and GeckoTerminal for the real markets on the Explore board. Backer is not responsible for their availability or for losses they cause.

When card, Apple Pay or Google Pay buying becomes available, third-party payment providers will run it under their own terms, fees and identity checks. Each provider decides whether to serve you, and the purchase is between you and that provider.

A card, Apple Pay or Google Pay payment buys USDC from the provider, reached through Privy, and the provider sends it to your own wallet. Backer does not sell you a token for the payment, is not a party to it, and never receives or handles your card details. Backing a token with that USDC is a separate transaction that you confirm yourself; if you do not, or it fails, the USDC stays in your wallet.

Backer lets you trade some tokens that were launched on other platforms, marked "Launched elsewhere, not on Backer". Backer did not launch these tokens, does not vet them and makes no statement about them. A token appears because an exchange aggregator can route a trade to it, not because anyone reviewed it.

None of the protections in these terms apply to them. The bonding curve and its refund, the checkpoints, reversion, the community takeover, the retained-supply rules and the token check exist only for tokens launched on Backer. There is no refund, reversion or claim of any kind for a trade in a token launched elsewhere.

The safety checks shown for these tokens are automated. They come from third parties, GoPlus and the aggregator, and can be wrong, out of date or missing. A check that passes is not a recommendation, and a check that could not run is shown as not checked, never as passed.

The trade is routed by a third-party aggregator: Jupiter on Solana, and LI.FI on Ethereum, Base, BSC and Robinhood Chain. The aggregator chooses the exchanges and the route, which can include another launchpad's bonding curve, and builds the transaction; it may charge its own fee, which the quote shows apart from ours. You sign the transaction in your own wallet, and once it is confirmed it cannot be reversed.

Backer charges a platform fee of up to 0.25% of each of these trades: 0.25% on a route where Backer has turned its fee on, and none where it has not. The quote shows which before you confirm. When the fee is charged, the aggregator takes it in the same transaction and pays it to Backer. The network fee is yours to pay; Backer does not pay it for these trades.

Nothing on Backer is financial, tax or other professional advice, or a recommendation about any token, trader or strategy. Figures, estimates and past results shown on the site do not predict what will happen.

You make your own decisions and are responsible for them, including any taxes you owe.

The contracts are tested but have not been audited. They cannot be upgraded, so a bug cannot be fixed in place, and no one can reverse what they have done.

The contracts rely on their blockchains and on the exchange contracts they use. A failure in any of these can cause losses.

Backer is provided as is and as available. To the fullest extent the law allows, we make no promises of any kind about it, express or implied, including that it will be available, accurate, free of errors or fit for a particular purpose.

To the fullest extent the law allows, Backer and the people who build and run it are not liable for indirect, incidental, special or consequential losses, lost profits, lost data, or the loss of tokens or other digital assets.

The maximum total liability of Backer to you will be stated here before launch.

Some places do not allow these limits. Where that is the case, they apply only as far as the law permits.

If someone brings a claim against Backer because of your use of the site, your content or your breach of these terms, you agree to cover the resulting losses and costs, including reasonable attorney fees, as far as the law allows.

We may change, suspend or stop any part of the website at any time. Because Backer never holds your funds, closing the website or your access to it does not take tokens out of your wallet.

You can stop using Backer at any time. The sections on fees, risks, liability and disputes continue to apply to what happened while you used it.

The law that governs these terms, and how and where disputes will be resolved, will be published here before launch.

An email address and a mailing address for Backer will be published here before launch.