Risks

Coins are made by users

Anyone can launch a coin here. Nobody reviews, selects or endorses them. A name, ticker or image can imitate another project. Most coins lose value, and any coin can go to zero. Buy only what you can afford to lose entirely.

Smart-contract risk

Every twain coin depends on three sets of contracts: twain's launcher and fee vault, Pons V2's factory, curve, hook and locker, and Uniswap v4. Any of them can contain bugs that nobody has found yet. twain's contracts cannot be upgraded, so a bug in them also cannot be patched in place: the same property that keeps the rules fixed keeps any flaw fixed.

What Pons can change

twain launches through Pons and depends on it. Pons' owner can change the launch fee, the curve terms and the list of pair assets for new launches. For coins already launched it cannot change their fees, tax or pool, pause trading or move locked liquidity, but it can redirect a coin's creator fee recipient away from the coin's twain fee vault, after a public 3-day timelock. If that happens, the coin's future creator fees, the creator's share and twain's alike, go wherever Pons points them. Fees the vault has already received stay claimable. twain shows a warning on the coin's page while such a change is pending, but cannot stop it.

If a coin's move into Uniswap gets stuck because its pair asset no longer transfers normally, for example because its issuer blocked one of the contracts involved, Pons' owner can release the raised reserves to an address of its choice after 7 days, for distribution outside the chain. Until then anyone can still complete the move, if it becomes possible again.

The paired asset

A coin is priced in its asset. When the asset's price falls, the coin's dollar value falls with it, even if nobody trades the coin.

Stock tokens and the other pair assets are run by their issuers. An issuer can upgrade its token, pause it or block addresses. If an issuer blocked a contract a coin depends on, such as its launch curve, the Uniswap PoolManager or the coin's fee vault, trading or fee payments in that token could stop. Stock tokens follow their stock's price, not a share: they are not the stock itself.

Market risk

Prices move with every trade, and fast. The curve rewards early buyers: later buyers pay more for the same number of coins, and selling back pays less than buying cost, after 2% each way. The creator can buy first, in the launch transaction, and a large first buy can take a large share of the supply.

The snipe tax makes buying in the first 3 seconds expensive: a buy in the launch second pays about 97% of its value as tax. After that there is no limit on how much one buyer can take. Slippage protects you from a price worse than you accepted, not from a falling price.

The chain underneath

Every rule on these pages holds at the contract level, and depends on Robinhood Chain. The chain's sequencer is run by the chain operator, which orders transactions and can delay or filter them. If the sequencer stops or filters a transaction, trades may not go through when you expect, or at all.

Your wallet, your transactions

You sign every transaction yourself, and a confirmed transaction cannot be undone. The site never asks for your seed phrase or private key. Check the address in your browser before you connect.

Figures on the site

Charts, prices and totals come from the site's indexer of onchain events and can lag behind the chain for a few seconds. Dollar values use each asset's current price. The contracts are the source of truth, and every transaction can be checked on Blockscout.