eCashsol-ecash → $ECX
swap math
The top 15 holders of the pump.fun $eCash token at fork day can each redeem once, weighted by their share of the top-15 pool.
NoteThis is not a focus of the project. But a sol-ecash market already exists, it is spreading, and it will continue with or without us. Documenting one limited swap is the cleanest way to point that energy in the same direction as the fork.
Real eCash is not a Solana token. The Solana token is a memecoin. The only thing described here is a limited swap calculation.
1.
Current outcome
| # | Item | Value |
|---|---|---|
| 1 | Creator rewards so far loading AZAQQsLehoqJawgT1dZjYuicZZG12uPCkoFGufwitkBu | — |
| 2 | eCash reference price | $30 |
| 3 | eCash in swap pool = row 1 / row 2 | — ECX |
| 4 | % of 50,000 max pool | —% |
| 5 | Value of pool at ref price | — |
If the top 15 holders were combined into one person, they would receive around — ECX using the programme’s $30 reference price, not a market-price quote.
2.
Potential outcome
| # | Item | Value |
|---|---|---|
| 1 | Creator rewards × | — |
| 2 | eCash reference price used for pool | $30 |
| 3 | Example future $ECX price | |
| 4 | eCash in swap pool = row 1 / row 2 | — ECX |
| 5 | % of 50,000 max pool | —% |
| 6 | Value of pool at future price | — |
The swap pool is calculated at $30/ECX. The second example only shows what that same ECX amount would be worth if ECX later traded at higher price.
3.
Token reference
Token addresscTxqg4vt21u1Q2f9DSEig6S1fxmxLSsUV2v2wWspump
4.
FAQ
What if I am not in the top 15?
Your coins have zero redeem value to you, but they have 100% redeem value to someone in the top 15. You should be able to sell your sol-coins to one of them, for about 99% of their redeem value.
Should I ask Paul about this on X?
No. He considers this to be noise, and almost completely off-topic.