Short and honest. Everything below describes something this product really does, or something it really cannot do for you. If any of it is not acceptable, the right answer is to close the page.

• You can lose everything. Tokens made here are memecoins. They have no business behind them, no revenue, no assets, no team obligation and no intrinsic value. Most of them go to zero. Treat anything you spend here as money you have already lost.
• This is experimental software and it may simply fail. A launch is immutable once it is on chain, which means a bug cannot be patched, only abandoned. A flaw in the code, in the maths, or in how two contracts interact could take your funds with it, and nobody could reverse it or compensate you. Using it means accepting that.
• A token made before 6 October 2026, 16:14 UTC, can be changed until then. Until that moment the platform can replace the code of any token made on v2.5. That is there to fix a bug, but new code could change anything: the tax, the supply, the pool, who may trade. Every replacement is public, and after that moment the code is fixed.
• Nobody is vetting these tokens. Anyone can create one for a small fee, in about a minute, with any name and any picture. We do not check who they are, what they claim, or whether the name belongs to somebody else. A token named after a famous company or person almost certainly has nothing to do with them. Names and tickers are not unique; the account ID is the only real identity, and it is worth checking every time.
• The creator sets the tax, and it can be brutal. Anywhere from 1% to 10% on each side, chosen by the creator, or up to 4% on a Rhea pool. At the maximum, a 10% sell tax, selling 100 NEAR of tokens returns about 90, before price impact. These rates are permanent and neither we nor the creator can lower them later.
• The creator earns from every trade. Part of each tax goes to the creator's fee wallet, continuously, whether the price goes up or down. A creator can profit from volume alone while holders lose money.
• Early buyers have a structural advantage. The last token on the curve costs nine times the first. Whoever buys first pays least, by design, and one person can buy a large share of the curve in a single transaction.
• Dividends are not income. They are paid out of the trading tax other people pay, they depend entirely on volume, and when trading stops they stop.
• Price impact and slippage are real. These markets are thin, a large order moves the price against you immediately, and a wide slippage tolerance means you may get far less than you expected. Every figure you are shown is an estimate.
• A pair is its own risk. A coin's price, pool and dividends are in its pair, so a ZEC or stock coin carries that asset's price risk too, and its dividends are worth what the pair is worth. ZEC and the Ondo stocks on NEAR are bridged tokens: whoever runs the bridge can pause or freeze them, and every coin paired with one depends on that.
• A RHEA coin carries RHEA's risk. Its price, pool and dividends are in RHEA, a token issued by Rhea Finance. Paying or being paid in NEAR swaps through Rhea's exchange, so it depends on Rhea too.
• A Quantus coin carries QTC's risk. Its price, pool and dividends are in QTC, a bridged token: whoever runs the bridge can pause or freeze it. QTC has one small market on NEAR, so its price can move sharply, and a large swap into or out of it moves it further.
• A Rhea pool depends on Rhea. After graduation a Rhea coin's liquidity sits on Rhea's exchange, a contract we did not write and do not control. If Rhea pauses, changes or fails, trading in that coin can stop or go wrong with it.
• Other apps may quote a Rhea coin before its tax. Its tax is charged on every trade, wherever it is made. An app that quotes the Rhea pool without it shows more than you will receive.
• A Rhea coin sells its own tax. The tax it collects is taken in the coin and sold into its pool in small pieces. Each of those sales moves the price down a little.
• Paying with NEAR runs a swap you do not control. For a ZEC or stock coin, NEAR is swapped through NEAR Intents first. A swap can fail, be refunded, or land at a price that moved; if it moved past your tolerance you are asked again, and saying no leaves you holding the pair.
• Part of the SHARDS burn passes through a platform wallet. The burn share of NEAR and SHARDS coins goes to a contract that buys SHARDS and burns it on chain. The burn share of every other pair is paid into a wallet the platform holds, which converts it and sends it to that contract to be burned. Until then you are trusting the platform with that share.
• Trading pauses between selling out and the pool opening. It is usually under a minute. On a Rhea pool it depends on Rhea and can take longer; if Rhea cannot open it for 7 days, the token's creator, its fee wallet or the platform can move it to a Shards pool instead. Your balance is untouched either way, but you cannot get out of it while it lasts.
• Nothing can be undone. Transactions on a public chain are final. There is no chargeback, no support ticket that returns your money, and no reversal. If you approve the wrong thing, it is done.
• Losing your wallet loses everything. No password reset, no account recovery, no support line that can move your funds. Nobody working on Shards will ever ask you for a seed phrase, a private key, or a signature to verify a wallet.
• The chain itself can fail. NEAR can halt, fork or congest, and nodes and price feeds can be unavailable or wrong while it keeps running. A transaction can fail and still cost you the gas.
• The numbers on this site can be wrong. Prices, market caps, progress bars, holder counts and charts come from an indexer that can lag the chain, stall, or show stale data. The chain is the only record that counts.

What cannot be taken from you

Nobody can freeze your balance, seize it, block a sale, or make more of a token. There is no pause button on trading, no blacklist and no mint anywhere in these contracts, for us or for a creator, because there is no such method to call. We can stop a pair taking new launches, and change its terms for future ones; a token that already exists keeps trading, paying and burning exactly as before. A graduated pool is owned by the token itself and its principal cannot be withdrawn by anyone. The contracts is where that is set out.

For a token made on v2.5 before 6 October 2026 at 16:14 UTC, this holds from that moment on. Until then the platform can replace that token's code, and new code could do any of these things. A Rhea coin's pool is owned by the token too, and nothing can remove its liquidity, but the pool itself runs on Rhea's exchange, not ours.

That is the whole of what the contracts themselves guarantee. Everything else on this page can go wrong.

We are not holding anything for you

We never take custody. We cannot freeze, recover, refund or return your assets under any circumstances, and there is no version of this where we can.

There is nobody to get your money back from

This is not a company, a broker or a regulated exchange. There is no deposit protection, no compensation scheme, no insurance, no ombudsman and no complaints process. If a token collapses, if a creator disappears, or if a contract behaves in a way nobody expected, there is no one who will make you whole.

A takeover changes who gets paid

Where it is enabled, a community takeover can move a creator's future fee share to a different wallet, through a process defined in the contracts and executed by a key we hold. It changes nothing else: not the taxes, not the supply, not the liquidity, and not fees already earned.

This is not advice, and where you live may prohibit it

Nothing here is investment, financial, legal or tax advice. We do not know your circumstances and we are not recommending anything to anyone. What you owe in tax on any of this is yours to work out.

Your local law may restrict or forbid trading these assets, and the law around them is unsettled and changing. Finding out what applies to you is your responsibility. You must not use this site where it is prohibited or if you are a sanctioned person, and you must be at least 18.

The full version of all of this is the risk disclosure, and it is the one to read before committing anything. This page is a summary of it and does not replace it.