The protocol
Overview
Fraksha is a Solana launchpad. Creators choose a starting supply and either keep it fixed or set scheduled reductions. Each token has its own market, settings and fee recipient.
FRAKSHA is the flagship market. Its supply schedule and launch are specific to FRAKSHA.
What you buyNew fixed-supply launches issue standard SPL tokens that appear in Solana wallets. FRAKSHA, programmable-supply markets and earlier fixed-supply markets use on-chain ownership shares. You can view both under Positions on Fraksha.
Understand your holdings
Get started trading
- Open Explore tokens or go directly to the FRAKSHA market. You can browse without a wallet.
- Select Connect wallet and choose Phantom or Solflare. Use Solana USDC to buy and keep some SOL for network fees and any account creation costs.
- Choose Buy or Sell and enter an amount. Review what you pay, the fee and the minimum you can receive before approving in your wallet.
- After confirmation, open Positions to see your holdings. If the result of an approved trade is unclear, use Check recorded transaction when it appears. Confirm the outcome before trying again.
What you own
Fixed-supply SPL tokens
New fixed-supply launches issue classic SPL tokens. When you buy, the market sends tokens from its vault to a standard token account for your wallet. You can see and send them in supported Solana wallets and sell them on Fraksha. The full supply is issued at launch and the mint authority is revoked. The mint has no freeze authority.
Fraksha ownership shares
FRAKSHA, programmable-supply markets and earlier fixed-supply markets use the V3 share ledger. A buy records ownership shares in a Fraksha holder account linked to your wallet. These shares represent a market holding and confer no ownership of the Fraksha business or entitlement to creator or protocol fees.
The page converts shares into a token amount using the market’s schedule. A rebase lowers that conversion factor for holders and the pool. Your share count stays the same through a rebase. For example, the same shares might represent 1,000 tokens before a 50% reduction and 500 afterward. The pool’s USDC stays the same, so a higher price per token from the rebase alone does not increase the sale value of those shares.
Connect your wallet to Fraksha to see your V3 balance. Wallets, explorers and other applications need a Fraksha integration to display balances from its public holder accounts. A share transfer uses Fraksha’s program and a signature from the holding wallet.
Separate wallet compatibility work
The proposed SPL receipt would represent locked V3 shares as a fixed wallet balance while Fraksha displays the changing token equivalent. The Token-2022 prototype was tested on devnet. Both remain separate from new fixed-supply SPL launches, and existing V3 holdings continue to use the share ledger.
How launches work
- Identity. Open Launch and enter a name, ticker and description. You can select a PNG, JPEG or WebP up to 2 MB. Fraksha crops it to a square and stores it on IPFS with a backup. For fixed-supply SPL, the launch signature authorizes the selected image and metadata in the same wallet approval. For a programmable launch, an image upload uses a separate message signature and spends no SOL.
- Economics. Choose the starting supply and schedule. You can include an opening purchase, choose how much of that purchase to burn and set a different wallet to receive creator fees. If you leave the fee address blank, it uses your connected wallet.
- Review and sign. Check the supply, timing, fee wallet and cost. You need SOL to create the market, and USDC if you include an opening purchase. Approve the launch in your wallet after reviewing it.
Starting supply, schedule and fee recipients are recorded at creation. There is no ordinary instruction to edit them afterward. See Risks and control for what the program’s upgrade authority can change.
Supply schedules
Read the token page’s rebase schedule before buying. The public Solana launch form offers these options:
| Launch option | How supply changes |
|---|
| Fixed supply | Issues classic SPL tokens with no scheduled reduction. Voluntary burns can lower supply. |
| Daily percentage | Compounds a daily rate over the chosen number of days. It applies every minute by default, or every second or hour if selected. |
| Supply targets · every minute | Reduces supply toward a series of amounts by deadlines measured from launch. |
| Fraksha fibonacci preset | Preloads the older 24-target schedule, which creators can edit before launch. It is separate from the flagship’s schedule. |
| MAXIMUM PUMP | Presets 15 trillion starting tokens with minute reductions toward a one-token floor over 24 hours. The label describes a supply setting and makes no promise about price or returns. |
A 3% daily rate removes 3% of the remaining amount over a full day, in smaller compounded steps. The special 100% setting moves supply toward the chosen floor over the full schedule length. For a 24-hour schedule, choose a length of one day.
Scheduled reductions stop at the configured floor or when the schedule ends. A final scheduled target can be above the floor. Voluntary burns can take supply below either amount.
How rebases work
For programmable-supply markets, the V3 program uses a shared conversion factor to calculate token amounts from ownership shares. A rebase lowers that factor. Your shares stay the same while the number of tokens they represent goes down. The trading pool follows the same reduction.
The schedule follows Solana’s clock. No transaction needs to run every minute. The website calculates the current amount when it reads the market; an on-chain action applies the elapsed schedule before it proceeds.
If nobody trades for 25 minutes, the next action uses the amount due after those 25 minutes. The reduction follows the original timetable; inactivity does not reset or postpone it.
Minute target schedules start 60 seconds after launch. Other schedules may use a different interval or daily boundary. The token page shows the schedule for that market.
Example: a 1% rebase100 tokens become 99. The pool’s token count also falls by 1%, while its USDC stays the same. Its price per token increases mechanically, but your share-based sale value does not increase from that rebase alone.
Trading and pricing
Use the market’s quote currency to buy SPL tokens or V3 ownership shares, depending on the market. For V3 markets, the form shows the current token amount those shares represent. Mainnet markets use USDC and devnet markets use Mock USDC. Verify the currency and network in your wallet.
Buys increase the market’s USDC trading funds and reduce its available token inventory. Sells return tokens or shares to inventory and pay out USDC. Larger trades can move the price substantially.
The pricing formula includes a virtual 4,000 USDC reserve. This helps define the starting curve; it is not money in the vault and cannot be withdrawn. Market cap is price multiplied by current supply. The LP figure shows the actual USDC in the trading pool, excluding fees. Neither is a promise of what you can sell for.
The buy amount includes the 1% trading fee. The quote can change before execution. The transaction expires at its deadline and fails if it would return less than the minimum you reviewed.
In rebasing markets, a trade at a rebase boundary uses the applicable schedule before settlement. Buying just before a rebase does not create an automatic profit.
Graduation
A market graduates when a buy takes its real trading funds to at least 10,000 USDC. Its status changes to Graduated.
Trading continues in the same market with the same pricing formula. Graduation does not create another pool, move liquidity, burn inventory or refund part of a purchase. A buy that crosses the threshold still spends its full reviewed budget.
Graduation is not a guarantee of safety, minimum liquidity or future performance. Trading funds can decrease afterward when holders sell.
Fees and claims
Every buy and sell charges a 1% trading fee. Of that fee, 80% goes to the creator and 20% to the protocol. On a 100 USDC buy, the fee is 1 USDC: 0.80 for the creator and 0.20 for the protocol. Integer rounding can affect very small amounts.
Fees are recorded separately from the funds used to pay sellers. Claiming accrued fees does not withdraw those trading funds. There is no ordinary administrator or liquidity-provider instruction to withdraw trading funds directly.
Connect the designated creator fee wallet on My launches & fees to see and claim its fees. Buying a token does not entitle you to creator fees. A creator may have chosen a different recipient wallet.
SOL pays network fees and any account-creation costs. A failed transaction can still cost a network fee. Scheduled rebases do not require holders to submit or pay for a separate transaction every minute.
Creator buy and burn
When launching a token through the public form, a creator can buy and permanently burn some or all of that purchase. Any tokens or shares left over from the purchase go to the creator. FRAKSHA used a separate activation transaction for its opening buy and burn.
The launch badge shows the percentage of starting supply burned at launch. The form asks for the percentage of the creator’s purchase to burn. For example, burning 25% of a purchase that represents 20% of starting supply burns 5% of starting supply.
The badge records the launch burn. Supply reduced also counts any later burns and, for markets with a schedule, rebases. Neither percentage tells you what the creator holds today.
Burning permanently destroys tokens or shares without paying out USDC. It can leave some of the pool’s USDC inaccessible. How a burn affects later supply reductions depends on the market’s schedule.
FRAKSHA’s launch and schedule
FRAKSHA opened for trading on Solana mainnet on 7 November 2026 at 17:31:08 UTC. Investors received 6% of starting supply before trading opened.
The creator burned every share bought in the opening purchase, equal to 7.80% of starting supply. View the finalized activation transaction.
The first scheduled rebase was 60 seconds after activation. The schedule applies in minute steps. Its targets use elapsed 365-day years:
| Time since activation | Scheduled token target |
|---|
| Year 1 | 15,000,000,000 |
| Year 2 | 15,000,000 |
| Year 3 | 866,025 |
| Year 4 | 50,000 |
| Year 10 | 30,000 |
| Year 1,000 | 20,000 |
The first two years keep their scheduled reduction rates after burns, so actual supply can be lower than these targets. After year two, reductions adjust to the remaining supply. Burns are permanent, and the program does not mint tokens to restore a missed target.
Target and floor are different: The final scheduled target shown on the token page is 20,000 at year 1,000, subject to burns and rounding. The program’s separate minimum for scheduled reductions is 1 token. The schedule does not continue toward 1 after its final phase.
NFT protection and buybacks are not active features.
Risks and control
- Market risk: prices can fall, demand can disappear and large sales can sharply reduce available USDC.
- Rebase risk: token counts shrink. A rising per-token price from rebasing is not a guaranteed increase in value.
- Upgrade control: the upgrade authority can replace the program, changing its behavior and potentially affecting funds.
- Quote-currency control: the quote token’s issuer may freeze accounts, blocking sells or claims.
- Trading risk: slippage, transaction ordering and sandwich attacks can worsen execution. Higher slippage permits larger price changes.
- Wallet risk: losing the fixed fee-recipient wallet can make fees inaccessible.
- Software risk: testing cannot guarantee the absence of bugs or exploits.
You approve transactions with your wallet. The market’s quote funds are held in program-controlled vaults; “non-custodial” does not remove smart-contract or upgrade-authority risk.
Build with FrakshaIntegration overview
Identify the market’s program before decoding its accounts. Fixed-supply SPL uses a separate market program and a classic SPL mint. Read holder balances from standard token accounts. The Token link opens the mint and the Curve link opens the market account.
V3 markets, including FRAKSHA, use a custom on-chain share ledger. The on-chain market records the schedule, share inventory and conversion factor. Read raw ownership shares from holder accounts and calculate token amounts from the applicable conversion factor. In V3, the Token and Curve links both open the market account.
The SDK validates market ownership and the accounts used by the market. Verify the deployed program identity and configured quote mint for the intended network. The symbol “USDC” alone is insufficient to verify a mint.
Run the read-only example
Download the Node.js example and run it with Node.js 22 or later. It uses public data and requires no API key or wallet connection.
node fraksha-readonly.mjs
node fraksha-readonly.mjs --holder YOUR_WALLET_ADDRESS
node fraksha-readonly.mjs --holder YOUR_WALLET_ADDRESS --shares RAW_SHARE_AMOUNT
The first command reads FRAKSHA’s market and recent price history. The second reads the wallet’s balance. The third estimates a sale using a positive whole number up to the holder’s rawShares balance. Add --market to read another Fraksha market.
The output separates finalized trades from reconstructed rebase prices, which add zero trade volume.
Accounts and pricing
Token amounts have six decimal places. V3 shares convert to token amounts through an integer factor with 18 decimal places. Display rounding does not change transaction arithmetic.
Pricing formulas
For V3, let P be real quote trading funds, V = 4,000 quote units, X inventory shares, T all remaining shares and Q = P + V. The fixed-supply SPL curve uses SPL token units for inventory and trade amounts.
Buy budget B; fee = ceil(B / 100)
Net input N = B − fee
Shares received = floor(X × N / (Q + N))
Sell S shares
Gross quote = floor(Q × S / (X + S))
Sell fee = ceil(gross quote / 100)
Quote received = gross quote − sell fee
These formulas describe quote atoms and shares. Execution also enforces balance, ownership, deadline, minimum-output, custody and arithmetic checks. Gross sale output cannot exceed P.
The reserve relationship Q × X ≥ V × T bounds the combined gross exit of all holder shares by real trading funds in reachable states. This is an accounting property, not a guarantee about future code upgrades or every possible software failure.
On V3 markets, exact-share sells keep the signed share debit fixed across rebases. Recompute the effective conversion factor using the chain clock before quoting. Failed transactions roll back state changes, apart from network fees.
Charts and history
The chart shows the price per token and includes executed trades. On markets with scheduled reductions, it also includes price changes caused by rebases. Rebases add no trade volume. The browser tab shows the current price followed by the ticker on a loaded token page.
During FRAKSHA’s first 24 hours, Since launch compares the current price with the price just before the creator’s opening buy. After that, 24h compares with the price around 24 hours earlier. Both include rebases. Neither is a return on your holdings.
Recent trades shows what a wallet paid for a buy or received from a sell. The opening FRAKSHA trade carries a Creator buy and burn badge and links to the activation transaction when that trade is in the list.
Chart volume measures the USDC that moved into or out of the market’s trading funds. It counts buys after fees and sells before fees. Recent trades shows what the wallet actually paid or received.
Trade history is saved. For rebasing markets, the chart can calculate rebase prices between trades from the recorded market state, even if nobody had the page open. Long histories may show fewer points. If there is no reliable comparison price, the percentage shows a dash.
Supply projections assume no additional burns. Rebase price illustrations assume no trades. These are illustrations, not price forecasts.
HelpFrequently asked questions
Can a token reach its minimum supply in 24 hours?
Yes. Set the daily percentage interval schedule to 100%, its length to 1 day, and its application to every minute. Supply gradually reaches the minimum over 1,440 steps. The minimum stays positive. A one-day minute supply-target schedule can also do this.
Do all tokens follow FRAKSHA’s schedule?
No. Each creator chooses the token’s supported schedule. FRAKSHA’s targets and first-two-year burn rule are separate from the public Fibonacci preset. See FRAKSHA’s launch and schedule.
Why has my token balance gone down?
On a programmable-supply market, a scheduled rebase can reduce the displayed amount. Every holder and the pool use the same factor. Check the market’s schedule and your confirmed transactions.
Does a rebase make me richer?
Not by itself. The price per token can rise while your token count falls. Demand and trading affect the value you can receive when selling.
What if nobody trades?
Scheduled reductions still follow elapsed chain time. Reads calculate the current amount and the next on-chain action applies the elapsed schedule. No separate minute-by-minute transaction is required.
Can I profit by buying at the exact rebase time?
The program applies the appropriate time-based amount before settling a trade. A rebase boundary alone does not give you a free gain.
What token standard am I buying?
New fixed-supply markets issue classic SPL tokens. FRAKSHA, programmable-supply markets and earlier fixed-supply markets use V3 ownership shares. Token-2022 remains a separate devnet prototype. See What you own.
Why aren’t my V3 holdings in my wallet’s token list?
Your wallet signs transactions for V3 shares, which are recorded in Fraksha holder accounts. Connect to Fraksha to see the calculated balance. Fixed-supply SPL balances use the wallet’s usual token list.
Where is my balance stored?
Both balances are recorded on Solana. Standard token accounts hold SPL tokens. Fraksha holder accounts record V3 shares, which other applications can read using Fraksha’s share and rebase rules.
Can I send my holdings to someone else?
Use your wallet’s Send action for fixed-supply SPL tokens. V3 shares require a signed transfer through the Fraksha program to the recipient’s holder account. That transfer is not offered in the current Fraksha interface. Transferred V3 shares continue to follow the market’s schedule.
Do I need a new wallet?
Your existing supported Solana wallet can sign Fraksha transactions.
What would the proposed SPL receipt for V3 shares show in my wallet?
The proposal would show a fixed receipt balance. Fraksha would display the changing token amount the locked shares represent. This remains separate from fixed-supply SPL launches.
Can a creator change the schedule later?
There is no normal instruction to edit an existing market’s recorded schedule. The program is upgradeable, so its upgrade authority remains an important risk.
What does the creator buy-and-burn percentage mean?
It is the share of starting supply burned at launch. The percentage of the purchase burned and the total supply reduction are separate figures.
What happens when supply reaches its target?
Trading can continue after the schedule finishes. Scheduled reductions stop at the configured floor or when the schedule ends. Voluntary burns can take supply lower.
Does graduation move liquidity elsewhere?
No. It changes the market’s status after a buy reaches the threshold. The same reserves and pricing formula continue.
Can everyone withdraw the displayed market cap?
No. Market cap is an indicative calculation from the current price and supply. Actual sale proceeds depend on real trading funds, trade size, other sales, fees and rounding.
How do I claim creator fees?
Connect the fee-recipient wallet on My launches & fees, review the available amount and approve the claim. Holding tokens alone does not create a fee entitlement.
Does burning return my purchase money?
Burning permanently removes tokens or shares without paying out USDC. This can leave quote funds inaccessible.
Why did my trade fail?
Possible reasons include insufficient funds, too little SOL for fees, an expired quote, price movement beyond your minimum, network issues or an unavailable quote account. If a signed transaction’s outcome is unclear, use Check recorded transaction when available or look up its signature in a Solana explorer before trying again.
Are NFTs or other chains supported?
NFT protection is not part of this release. Solana is the only live network in this interface. The other network options are not available for launches or trading.
