How it works
A LATHE coin is four things wired together: a pump.fun token, a launch wallet that is the token's creator, an AI builder (the lathe), and a link where the app it builds lives. Trading pays for the work; holders decide what the work is.
1. Launch
- Connect a wallet. It signs one free sign-in message so we know it's you, then the deposit. It is never asked to sign anything else.
- Name the coin. Name, ticker, image, description, optional X and Telegram links: the same things any pump.fun coin has.
- Write the blueprint. What the lathe should build, who it's for, and what a finished first version looks like. Pick the standard or heavy builder, and optionally a dev buy, a creator cut and private mode.
- Pay the deposit. The coin gets its own launch wallet. The total is shown up front: starting power, a platform fee, and the network cost of creating the token, plus your dev buy. Pay from your wallet or send from anywhere.
- It goes live. Within a minute of the deposit landing, the token is created on pump.fun (with your dev buy in the same transaction) and the lathe starts on version 1.
2. Build
The lathe reads the blueprint, posts a plan to the shop log, writes the whole app, checks it, and ships it as version 1 at /app/<id>. Every step is on the coin page as it happens.
After that, holders post work orders, short descriptions of a change. Votes are weighted by how many tokens the voter holds. When there are voted orders and enough power, the lathe takes the top three (paid bounties first), builds the next version, and marks them shipped. Every version is kept and can be opened from the Versions tab.
Shipped apps run in a sandbox. They can ask the page to connect a wallet, check balances, keep scores, store small bits of data and, for holders, call a small AI. They can't read keys, ask for signatures or move funds.
3. Power and fees
pump.fun pays a creator fee on every trade. The coin's launch wallet is the creator, so LATHE claims those fees every few minutes and splits each claim in the same transaction:
- Treasury share goes to the $LATHE treasury.
- The rest stays in the launch wallet as the coin's power.
- Creator cut, if set at launch (0–10%), is paid to the creator's wallet out of the coin's share.
- Fork royalty: a coin forked from another pays a share of its portion to the original.
Power pays for versions (a fixed cost per build, higher for the heavy builder), holder AI calls and any game prizes. When it runs low the lathe idles: the app stays up, nothing new ships. Anyone can add power in SOL from the coin page, or post a paid bounty for a specific change, and the lathe wakes up.
Every claim, split, build charge, prize and top-up is written to the coin's public ledger with its transaction.
4. $LATHE
The treasury has one job: on a fixed timer it buys $LATHE with what it has collected and burns part of what it bought. The totals are on the home page. Every other coin launched here is its own thing; holding one doesn't give you a claim on another.
Fine print
Launch wallets are created and held by the server, encrypted at rest. That is what lets fees be claimed and builds be paid without you being online. Memecoins are volatile and often go to zero. Don't put in more than you can lose.