FAQ

Frequently Asked Questions

What is the token address?

9SNVDQDmiFWWeyvrKHZYWHH8QMng9okkeMiictphZiHb

Why does RugCheck say danger?

If you look at the RugCheck, it shows danger because the Meteora DLMM bootstrapping pool is showing up as a token holder instead of liquidity. It will continue to show as the majority holder until all tokens are sold. Because of this, it shows high single holder ownership and no liquidity. We have reached out to FluxBeam to see if they can update RugCheck to recognize bootstrapping pools as liquidity, and also recognize the time locked liquidity.

What is a Stable Floor Token?

A stable floor token has a known minimum price that can never be broken. How is that even possible? Read on...

How will you ensure that One Grand never goes below 1,000 USDC?

All of 1,000 tokens will be put into a Meteora DLMM bootstrapping pool, at a price of 1,000 USDC. This pool will have a fee of 0.01%, because we are not looking to make money on fees or even with the capital raise. All 1,000 tokens will be placed in a single bin, ensuring everyone pays the same initial price of 1,000 USDC per token. The liquidity in this launch pool will be time locked for 1,000 years. Everyone on the launch team and even their grandchildren will die of old age before it ever unlocks.

Anyone who bought initially that wants to sell it, is guaranteed that they will be able to at least get back their initial investment, less the 0.01% fee that will be paid to sell it back to the launch pool. Our hope is that initial investors won't ever need to sell it back to the launch pool, because after we sell the full supply, the token will moon. Initial One Grand investors can HODL onto it forever in some fashion if they wish, without any fear of ever losing their initial investment.

What is the total supply?

Only 1,000 tokens, giving it an initial market cap of 1,000,000 USDC. We need to sell all 1,000 tokens for the price to ever exceed 1,000. We believe that the promise of stable floor token will go viral, and we will easily sell the full supply of 1,000. The numbers are simple and easy to remember. Based on the current price you can easily calculate the market cap, just add three zeros.

What happens if you don't sell the full supply of 1,000 tokens?

The price will oscillate between 1,000.10 and 999.9, which is the 1,000 price in the launch pool less fees. We expect there there could be some initial oscillation in price until it sells out.

Why did you create One Grand?

All the meme coins out there only benefit those that are using snipe bots to buy early before the price pumps. It is unfair to other participants in the market that aren't able to get in on the ground floor. We wanted to create a meme coin with a fair launch for everyone, and giving traders and investors the opportunity to get in at the same price.

We also wanted our meme coin to be memorable, so we gave it a floor price of 1,000 USDC, a supply of 1,000, and a name to match. We wanted to do something different and interesting to test out new technology made possible only by Meteora.

Is it really 100% risk-free?

It is approximately 99.98% risk-free, but that's not as easy to explain or as catchy as just rounding it and saying it's "100% risk-free". You will pay a 0.01% fee to buy it, and if the price does bottom out to 1,000 USDC or we never sell all 1,000 tokens, when you sell it back to the locked liquidity pool, you will pay a fee of 0.01% once again. So the risk formula is:
  = 1 -

How is One Grand different from all the other meme tokens out there?

There are a lot of shennanigans that take place with meme coin launches. Teams set aside an allocation for themselves, when the price pumps, they dump it. When they launch, they'll snipe it themselves and eventually dump it. They will launch with very little initial liquidity, and so the tokens trade for fractions of a penny. They all launch in standard AMMs, which result in siginificant price movement in early trading, and only those that get in within a few seconds of the launch can win big.

One Grand is different, because we will use Meteora DLMM to ensure there is zero price impact at launch. This ensures everyone gets the same initial price with no price impact as the initial supply is sold. With One Grand there are no meme coin shennanigans. Once the full supply of 1,000 tokens is sold, the price is free to move up from there. 🚀🌕

We think that One Grand will be an interesting experiment to see what can happen to token price and volume, when there is a well-known stable floor that can never be broken.

Why don't other meme coins launch this way?

Most meme token launchers just follow whatever the current meta is, including the launch process. Their mindset is "if it ain't broke, don't fix it." We believe that it is broke, and it's time to fix it.

What's in it for you?

We will be buying the token along with all of you, and will profit from captial appreciation along with you when it moons! We will also LP it on Meteora outside of the launch pool, and print fees with it too.

Who are you guys?

We are a small startup,  Black Bit Technologies. We are seven members strong, but we all have day jobs. We mostly work on @GeekLad's harebrained ideas in our spare time on nights and weekends, and One Grand is no exception.

What are your hopes and dreams for One Grand?

GeekLad has become a huge fan of Meteora and member of the community. One Grand is his brain child, and we want One Grand to become a go-to token for Meteora liquidity providers. We want to see speculation, volatility, and price discovery on the token. We want to see the LP Army buy it, provide liquidity for it on Meteora, and print tons of fees with it.

We want to see the token price to hit tens of thousands, possibly hundreds of thousands, because it would be fun to have created a token with a price higher than Bitcoin, even if it still has a relatively small market cap. We want to create something different, interesting, and reward the LP Army with something special.

Is GeekLad part of the Meteora team?

Nope! GeekLad is not part of the Meteora team, and this token has no direct affiliation with Meteora. GeekLad does have aspirations to spend a lot more time working on Meteora related tools and content. If the One Grand launch goes really well, it could accelerate that process.

When are you guys going to launch another token?

After One Grand is a huge success and hits a market cap in the hundreds of millions. Actually, even if One Grand is a total bust, we're going to learn from our mistakes and launch another token anyway. All that is to say, we don't know when, only that it will be at some point in the future.

What's up with the weird price action on April 24?

The price action you will see on  price charts such as BirdEye on April 24, 2024 was due to some early experimentation we were doing in a higher fee DLMM we created.

Initially, we thought it was possible to lock the liquidity in standard Meteora DLMM Pools, but we were mistaken. This is only possible in Meteora Dynamic Pools. We were also considering earning fees from the launch, and we were trying to set the pool price so that anyone selling tokens to the launch pool would get exactly 1,000 USDC back.

We didn't get the pricing right, and it didn't matter anyway since we couldn't lock the liquidity. Launching in a low-fee pool ultimately aligns better with the vision for One Grand anyway. We removed the tokens from that DLMM, which is why you'll see the chart flatline between then and the launch day.