Hongbao

Risks 风险

Draft of 12 November 2026. Not yet reviewed by counsel.

A memecoin can go to zero

Every coin launched here is a pump.fun memecoin. It has no revenue, no backing and no promise behind it. Its price can fall to nothing, quickly, and stay there. Only hold what you can lose entirely.

Envelopes are not income

An envelope is filled by the creator fees of the trades made on a coin. No trades, no fees, no envelope. The amount changes at every envelope and can be zero for a long time. Past envelopes say nothing about the next ones.

Your share of an envelope depends on your balance, your rank and a draw. The draw moves it between 0.2 and 1.8 times your base share: two holders with the same bag will not receive the same amount.

Selling has consequences here

Selling any part of a coin, or moving it to another wallet, costs 1,000 social credit on that coin, forfeits the envelope that is open, and locks the wallet out of that coin's envelopes until 100 hours of holding have passed. The sale is listed publicly on the wall of shame, with the wallet's address.

What you sign

Grabbing an envelope is a signature on a short text. It is not a transaction, costs nothing and cannot move funds. Launching a coin is a real transaction, paid in SOL from your wallet. Read what your wallet shows before you approve anything, here or elsewhere.

Things that can break

Payouts are sent by an automated service from a wallet we operate. A fault in our service, in pump.fun, in the Solana network or in your wallet can delay or prevent a payout. Amounts under 0.001 SOL stay owed until they add up to more. The rules of pump.fun, which we do not control, can change.

No advice

Nothing on this site is financial, legal or tax advice. Whether you may use it depends on where you live: checking that is yours to do.