A coin whose reserve is a book of bets on events.

Curve first, book second, book in public.

$PCURVE launched on a Solana bonding curve on 26 Sep 2026 at the $4,000 opening market cap the launch venue fixes for every coin — not a number we chose. There was no presale and no allocation in front of the queue. As the curve trades, the share of the tax that the launch config routes to the book is spent buying binary prediction contracts — positions on whether a real-world event happens. Each contract is worth $1 if it settles right and $0 if it doesn't. Those positions are the reserve. Every one of them is published with the transaction that bought it, so the reserve is a fact you can read rather than a figure you have to trust. What is in it right now is nothing: the module's first round is still open, and this page will say so until a fill exists to point at.

Everyone gets the same price for the same block.

A bonding curve is a pricing rule the contract enforces: the price is a function of how much of the supply has been bought. Early buys are cheap and lift the price; sells push it back down. There is no order book to be front-run and no negotiation — the contract quotes, you sign, the price moves for the next person.

Graduation is a mechanical event, not a promise of a better market. When the curve reaches its threshold, liquidity migrates into a DAMM v2 pool. Trading continues there, with different rules, deeper possible depth, and the same possibility of going down.

Every value above is this token's own, read from its launch record and its mint account on Solana — the contract (mint account), the venue's own page for this coin, its launch records and its fee & module state for the curve pool FUh9UrQQUyMQyNH7tNYQEQfJ7UQwhMsuNzEumQcmykS4. Where this document and those disagree, they are right and this page gets fixed.

What the reserve buys, and how you can read it.

A prediction contract is a token with two sides — YES and NO — on a single stated question. It trades between one cent and ninety-nine cents, and the price is the market's implied probability: a YES at 72¢ means traders are paying 72¢ for a claim that pays $1 if it happens. At resolution, a winning contract pays $1 and a losing one expires worthless. While a market is open, a position can usually be sold back at the current bid instead of being held to the end.

How the reserve is funded

• The routed tax — the whole source. There is no presale, no team allocation and no airdrop share (the launch record shows airdropPct 0). The book is funded by one thing: the share of the 2% trade tax the launch config routes to the predict module — 57.6% of it, the venue's sharePct for this coin, paid in SOL.
• Round by round, in public. The module runs a round every 60 minutes with a $10 minimum: a voting window where holders stake on a pick, then the position. The venue publishes the round's state, and the fill is a transaction anyone can read.
• Settled proceeds. When a position settles, what it pays is redeployed into the next round. Nothing is withdrawn to a personal wallet; the book is the balance.

For scale, here is the launch venue's own worked example of its default 2% tax preset, in the venue's words: per $1,000 traded → $20.00 tax → $11.52 to holders (paid in the pair) → $4.48 to the platform → $4.00 to Meteora → $0 to the creator. This coin's version routes 57.6% of that tax to the predict module instead, and the venue's own figures for this pool are at /api/solana/fees/pool/FUh9UrQQ…. Right now the book holds nothing, because the first round hasn't filled — and this page will say that until it does.

How the reserve is documented

Every position has three things attached to it: the market it is on, the price it was bought at, and the transaction that bought it. The ledger page lists them in order. The reserve's value is never stated by us as a headline number — it is the sum of what those positions are quoted at, which the venue publishes and the chain records. If a position is not on-chain, it is not in the reserve.

$1 or $0, decided by rules written before the trade.

When a market closes and the outcome is known, it resolves against the rules published with the market. Nothing in the book is marked up by us, and no position is ever re-labelled after the fact. The four steps a position goes through, every time:

Fees charged by the venue on entry, exit or settlement are real costs to the book and are included in what a position costs. They are not hidden, but they are also not zero — a position that wins by less than its round-trip cost was not a good position.

The curve ends; the book doesn't.

Once the curve fills, the token trades in a normal liquidity pool and the curve stops being the pricing mechanism. The reserve keeps doing what it was doing: buying positions, settling them, and rolling the proceeds. The tax that fed the book at the start is replaced by whatever the pool charges, and that number lives on-chain where you can read it.

Phase 4 is the part worth waiting for: one page listing every position the reserve has ever taken, what it paid, and what it settled at. Not a chart of the token — a ledger of the book.

In plain language, because the other kind is useless.

• You can lose everything you put in. Curve tokens are speculative instruments with no cash flow obligation to holders. Most tokens like this go to zero.
• The reserve can be wrong, repeatedly. Every position can settle at zero. There is no insurance and no reimbursement, and a bad run shrinks the book.
• The reserve is not yours. Holding $PCURVE gives you no claim on it, no redemption, no share of its proceeds, and no vote over how it is spent.
• Settlement depends on other people's rules. Markets are run by external venues with their own resolution, delay and dispute processes. We do not control them and cannot overrule a resolution.
• Liquidity can leave. On a curve and in a pool alike, depth can disappear. A price you can see is not a price you can necessarily trade at.
• Software fails. Contracts, venues and the app are code written by humans. A bug can cost the reserve or lock it.
• Rules differ where you live. Participating in token launches or event markets may be restricted or unlawful depending on your jurisdiction. That is your responsibility, not ours.

Committed to in writing.

• No price talk. Nothing published by this project will ever say, imply or hint that the token goes up. The book is about events; the token's price is whatever the market does.
• No redemption, no yield. The reserve never becomes claimable, and there is no staking, no APY and no holder distribution dressed up as one.
• No quiet changes. If the tax split, the pair asset or the strategy changes, it is announced before it happens and is visible on-chain either way.
• No borrowing against the book. Nothing is pledged, so a wrong call can't cascade past what it cost.
• No name-dropping as partnership. We build on public infrastructure. We are not affiliated with, endorsed by or sponsored by the teams behind it, and we say so where it counts.

The chain is the source. This page is the description.

Before any of that exists, the honest state of this project is: written down, not launched. The curve is not live. There is no mint to buy. When there is, the address appears here and in the bar of the front page — and the first thing worth doing is reading the launch config rather than the headline.