NEAR testnet launchpad
Memecoin launches where being first is worthless.
Bids stay sealed until bidding closes. Every winner pays one clearing price, unsold supply is burned, and trading opens at that price.
Unaudited contracts on NEAR testnet. Test NEAR only.
Live from NEAR testnet
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Launch 0 on testnet, 14 Nov 2026
What happened on-chain
- 1 price
- paid by all 11 winning bids, including one placed 7× higher
- 600,000
- tokens sold out of 600,000 for sale, 0 burned
- 5.86 NEAR
- seeded the pool at exactly the clearing price
- 0 yocto
- difference between our model's prediction and the chain
How it works
Six steps. No race to be first.
Create
The creator sets supply, a minimum price and the bidding window. The token starts with zero supply.
Seal
You send a hash of your price and quantity with a deposit. Nobody can read the price, the creator included.
Reveal
After bidding closes you reveal. The contract rejects any reveal that does not match its hash.
Clear
The contract fills bids from the highest price down. The price where supply runs out is the price everyone pays.
Trade
Winners claim tokens and refunds. A pool opens at exactly the clearing price, with its liquidity locked.
Defend
If the time-weighted price stays below the floor, anyone can trigger a capped buyback that burns what it buys.
The rules
Rules the contract enforces after launch too
Speed buys nothing.
- Every winner pays the clearing price. A high bid only makes sure you are filled.
- Twenty wallets get the same price as one.
- On testnet a bid 7× above clearing paid 0.1837 NEAR for 9,409 tokens, the same price per token as the lowest winner.
Supply follows real demand.
- Tokens nobody bought are never minted.
- Pool and creator shares scale with what sold, so a weak sale cannot leave the pool underfunded.
A treasury with one job.
- It acts only after the time-weighted price stays below clearing minus 10% for several intervals. A one-block dip does nothing.
- It spends at most 10% of its balance per epoch, never buys above the clearing price, and burns what it buys.
- On testnet it spent 0.5929 NEAR, burned 103,215 tokens, and refused a second buyback in the same epoch.
The creator waits for time and price.
- Creator tokens are locked for at least 7 days after the auction, then vest in a straight line over at least 7 more.
- Each release needs the time-weighted price above clearing plus 5% for at least 7 days. A pool nobody trades does not count.
- On testnet, with a 15-minute demo lock, an early release was refused while the price held. After the lock, 61,937 tokens vested part-way through and the other 38,063 at the end.
Live data
Launches on testnet
Read directly from the contract. Prices stay sealed until each launch is finalized.
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What you can check
Verify it yourself
Contract
slowcook-674040.testnet on NEAR testnet. Its code hash matches a build of the public repository.
Open in explorerTests
70 contract tests, including 1,000 random auctions and 1,000 random creator-lock histories per property-test run, 1,000 auctions matched against an independent model, and 4 runs on a local NEAR node.
Read the test reportLimits
Deposits are public. One person can still use many wallets. The treasury slows a sell-off and cannot stop one. The contracts are unaudited.
Read the threat modelFAQ
Questions before you bid
Can anyone see my bid before the reveal?
No. Only a SHA-256 hash of your price, quantity and a random secret is stored. Your deposit is public, so it shows the most you could spend. Deposit more than you need to hide the real amount; the extra is refunded.
If I bid a high price, do I pay it?
No. Every winning bid pays the clearing price, the price at which supply runs out. A high bid only makes sure you are filled. Anything above the clearing cost comes back as a refund when you claim.
What happens if I forget to reveal?
Your bid is not counted. You get your deposit back minus a 5% penalty, which goes to the price-defence treasury. Keep the bid receipt the app downloads when you commit, because it holds the secret you need.
What if not enough people bid?
Everyone who bid is filled at the minimum price, and the unsold tokens are never created. If nobody bids at all, the launch fails and every deposit is refunded in full.
Can the treasury stop a crash?
It slows one. It buys back at most 10% of its balance per epoch, only after the price has stayed below the floor for several intervals, and never above the clearing price.
Is this real money?
No. SlowCook runs on NEAR testnet with test NEAR. The contracts are unaudited and no real tokens are offered or sold.
See one price set on-chain.
Open launch 0 and check every bid, the clearing price, the buyback and the creator lock against the explorer.
NEAR testnet. Test NEAR only. Contracts unaudited.