CIPHER / THE COST OF A LAUNCH

Fund the plan.

Start with the tokens promised. Then account for every SOL.

Planning tool. Deposits remain closed.

CIPHER’s selected soft cap is 40 SOL. This calculator explores budgets; it does not change the selected terms, sign a transaction or prove funds are available. Inputs stay in this page unless you export them.

500M tokens ≠ the full curve.

Purchasing the promised auction inventory and completing a Pump bonding curve are different operations. A larger raise does not require a larger bundled purchase.

500M AUCTION INVENTORY26.505235604SOL

293.1M tokens remain available on the curve. This purchase does not graduate it.

793.1M FULL CURVE · COMPARISON86.067926047SOL

293.1M extra tokens need an explicit allocation and custody policy. Migration is a separate step.

Historical mainnet configuration, 22 September 2026 at 15:16 UTC, finalized slot 449,416,624. Quotes include Pump trading fees; exclude CIPHER fees, rent, transaction costs and recovery. They assume a fresh native-SOL curve. Refresh configuration and simulate before execution.

Official Pump mechanics

Build a viable soft cap.

The soft cap applies to winning payments after clearing. Deposits owed back to bidders cannot fund the launch. Enter every budget line; enter zero deliberately where appropriate.

Acquisition ceilingSOLMaximum SOL for the awarded inventory, up to 500M tokens, including Pump fees and bounded slippage. The reference quote below models a full sale; partial sales require a fresh, smaller purchase quote.Operating reserveSOLRent, transaction fees, delivery and approved execution costs.Retained reserveSOLBudget held back. This number does not prove a funded or sufficient refund backstop.Minimum project proceedsSOLThe amount the project needs after acquisition, reserves and the 2% platform fee.Deposit ceiling · optionalSOLIncludes losing deposits and unused bid cover. Reaching it does not end the 24-hour auction.

MINIMUM GROSS WINNING PAYMENTS—SOL

Enter a positive amount for the acquisition ceiling.

Set three separate limits.

Soft cap: The minimum viable gross winning payments. Miss it: cancel before acquisition, refund deposits, collect no platform fee.
Acquisition ceiling: The maximum spend for the awarded tokens, up to 500M. The SDK rejects ceilings above 5% over its config quote. This is a CIPHER safety policy, not a Pump limit; a fresh quote, simulation and committed budget are still required.
Deposit ceiling: An optional aggregate admission limit, including refundable cover. A crossing deposit is rejected in full. It can fill before meaningful price discovery; it is not a guarantee of successful proceeds.

Do not automatically spend surplus auction proceeds on extra tokens. Commit the surplus policy before opening: preserve refunds, meet the promised allocation and reserves, then release the disclosed project proceeds after verified delivery.

At 86 SOL in winning payments for 500M tokens, the auction average is 0.172 SOL per million. The reference post-purchase curve marginal price is about 0.09804 SOL per million before fees. This comparison shows why a curve-sized fundraising target can disadvantage auction bidders; neither value is a guaranteed trading or liquidation price.

The 2% fee is reserved from winning payments and released only after verified delivery. Future CIPHER buys and burns remain disabled. Post-purchase SOL refunds require an independently funded, enforceable recovery mechanism; unsold tokens and hoped-for resale proceeds are not a backstop.

Review the remaining release gates