How a drop works

Six steps from an idea to tokens in every depositor's wallet. The contract enforces each one; nobody has to be trusted to do the right thing by hand.

1
Creator
Apply
Sign an application with the wallet you will launch from, with your X account and the day you want.
2
Nockd team
Get approved
The team approves wallets for a day on-chain. Each approved wallet can create one drop that day.
3
Creator
Create the drop
Set the token, the launch time, the pool cap (up to 4.2 ETH), a creator tax and an optional dev buy. The dev buy and launch cost are paid in this one transaction.
4
Depositors
Pool opens
Anyone can deposit ETH up to their share of the pool: 5% to start, more as season points grow. Deposits stay in the pool until launch.
5
Keeper
Launch
At the launch time, or as soon as the pool is full, the keeper launches the token on Pons with one buy for the dev and the whole pool.
6
Keeper
Tokens delivered
Every depositor receives their tokens, plus any ETH the buy did not use, without having to claim. The dev’s tokens go into vesting.

For creators

Pay nothing to apply; signing is free.
Your dev buy is bought at the same price as the pool, then locked at least 7 days.
You can cancel your own drop while nobody has deposited, and get everything back.
You earn 60% of the Pons creator fees and of your creator tax.

You buy at launch, at the same average price as everyone else in the pool.
The full pool and the dev buy go in one transaction, so nobody snipes ahead of you.
Tokens arrive in your wallet automatically after launch.
If a drop is cancelled, your ETH is refunded automatically.

Apply with your wallet and X account. Once approved for a day, you set the token, launch time and dev buy yourself.