What it is
A capstan is the drum sailors turn to haul in heavy rope. Capstanpad is a small launch platform on Raydium LaunchLab: an on-chain platform config with its own name, fee and web page. Coins launched on it trade on Raydium's bonding curve and graduate to a Raydium CPMM pool at 85 SOL. Right now it lists one coin, its house coin.
House coin
Capstanpad ($CPST)
Meme coin. No utility, no team, no roadmap, no promise of value.
Contract:
Meme coin. No utility, no team, no roadmap, no promise of value.
Contract:
DPvESsgVjqLCe1ucqeg3PpX8FT3ET5gGLmPP8NuYR1dzSister platform: Furlongpad
Furlongpad ($FRLG)
Furlongpad is a second, separate Raydium LaunchLab platform config run by the same people and listed on this page. FRLG is its house coin. Same fees (1% platform, 0.5% creator). The deployer buys about 0.65 SOL of FRLG at creation and sells all of it in one go within seconds, possibly into your buy. Meme coin, no utility, no team, no roadmap.
Contract:
Furlongpad is a second, separate Raydium LaunchLab platform config run by the same people and listed on this page. FRLG is its house coin. Same fees (1% platform, 0.5% creator). The deployer buys about 0.65 SOL of FRLG at creation and sells all of it in one go within seconds, possibly into your buy. Meme coin, no utility, no team, no roadmap.
Contract:
GHVpfYThRDAbxhKR1Hk8W1gooqPNzALqBAVkSDBDKmkaFees
| Platform fee | 1% of each trade, to the Capstanpad wallet |
| Creator fee | 0.5% of each trade, to the coin creator |
| Raydium protocol fee | 0.25% |
| Supply | 1,000,000,000 per coin, mint authority revoked |
Read this before you buy
The platform wallet and the CPST creator are the same wallet, so the deployer gets 1.5 of every 1.75 points of fee. The deployer buys about 0.4 SOL of CPST at creation and sells it automatically within about 30 seconds, possibly into your buy. Prices on bonding curves can go to zero.