Bid Wall

Overview

NOTE: The Bid Wall is experimental, it may or may not be used by launches.

The Bid Wall lets token holders sell tokens back at the project's Net Asset Value (NAV) per token. Tokens sold into it are permanently burned, reducing supply.

View Program Source Fully onchain Solana program — all operations transparent and verifiable.

How It's Funded

The bid wall is funded from the ICO raise:

Bid Wall = Total Raised - (20% × Total Raised + Min Goal)

Or: Bid Wall = 80% × Total Raised - Min Goal

• 20% of total raised → Liquidity pools (with 2.9M tokens)
• Min goal → Project treasury
• Remainder → Bid wall

Example: $6M Minimum, $8M Raised

Allocation	Calculation	Amount
Liquidity Pools	20% × $8M	$1,600,000
Project Treasury	Min goal	$6,000,000
Bid Wall	$8M - $1.6M - $6M	$400,000

If a project raises exactly its minimum, the bid wall gets nothing. If it raises less than 125% of minimum, the bid wall will be small or zero.

What Price Does the Bid Wall Buy At?

The bid wall buys at NAV per token, which adjusts with treasury balance:

                treasury_balance + lp_quote + bid_wall_quote
NAV per token = ------------------------------------------------
                    tokens_at_launch - tokens_bought_by_bid_wall

As the treasury spends USDC, NAV decreases. Dynamics:

• At launch: Bid wall price ≈ ICO price
• After treasury spends: Price decreases proportionally
• Burns elsewhere: NAV rises — selling into the bid wall becomes less attractive

Example: Bid Wall Buying Power

$6M min / $8M raised, $400K in bid wall:

Scenario	Treasury Balance	Approx. NAV/Token	Tokens Buyable
At launch	$6M	~$0.60	~666,666
After $1M spent	$5M	~$0.50	~800,000
After $3M spent	$3M	~$0.30	~1,333,333

Actual NAV includes LP balances and tokens already bought by the bid wall.

Why This Design?

Self-adjusting floor. The bid wall creates a price floor tied to actual treasury value. If the project spends, the floor reflects that.

1% fee to MetaDAO. When you sell: you get USDC at NAV minus 1%, tokens are burned, fee goes to protocol revenue. Fair exit, not profit mechanism. Fee may be adjusted.

Anti-gaming. Burning tokens outside the bid wall increases NAV (tokens removed, USDC stays). Selling into the bid wall becomes less profitable. You can't game it by reducing supply first.

Verification

What	How
Bid wall USDC balance	Bid wall account on Solana Explorer
Tokens burned	Burn transactions in bid wall history
Current NAV	Formula above with onchain data

FAQ

Why doesn't all the excess go to the bid wall?

20% goes to liquidity pools for trading. The bid wall gets what remains after liquidity and the minimum goal.

Can the bid wall USDC be used for something else?

No. Onchain program restricts it to buy-and-burn only.

What happens when it runs out of USDC?

No more sales. After 90 days, remaining USDC can be returned to treasury. Tokens purchased are permanently burned.

Is there a time limit?

Yes. 90-day expiry. After that, team can recall remaining USDC to treasury.

Summary

Aspect	Description
Funding	Total Raised - (20% × Total + Min Goal)
Buy Price	NAV per token (adjusts with treasury balance)
Fee	1% to MetaDAO (may be adjusted)
Duration	90 days, then remaining USDC can return to treasury
Action	Buys tokens from sellers, burns them