INDEXThe market map
Every coin inside every index, live. Equal weight: every coin is one tile, 1/20th of its index (1/50th of MEME50).
Coloured by the 24h move, flashing when a price ticks. Tap one to open the coin.
The wire
Every move that matters, the moment the engine sees it: sharp index moves, record highs, coins doubling, new listings, whales. Plus the headlines about pump.fun, memecoins, StonkFun and Robinhood Chain from the crypto press.
Nothing on this wire yet: it fills as the indexes move.
Long it. Short it.
One click. A whole sector. 1x to 5x.
Longs trade against shorts in one book per index: no house on the other side and no liquidation. Every position is public on the index's order book, so you can see who is long, who is short and how big. Only matched exposure is live, so the emptier side is always fully matched.
Open the terminalPaper mode: a 5 SOL house seed sits on each side of every book so there is always a counterparty. Bars share one scale. Matched is the share of the bigger side that moves with the index.
No fills yet. The first trade shows here at the next print.
Simulated at live prices while trading is on paper SOL. Every round is on the burns page with its transactions.
- 01Fees
0.25% of every trade's size, long or short, in and out.
$0 in 24h - 02Vault
One vault per index, filled only by its own traders.
$0 waiting - 03Hourly split
Every 60 minutes the vault is split equally across the coins.
next in --:-- - 04Buy + burn
Each share buys its coin on chain and burns it. Supply gone for good.
0 coin burns
Get listed. Get burned.
Nobody applies and nobody pays. Clear the screens, out-rank the smallest member at a review, and your coin takes a seat. From then on every trade on its index buys it and burns it.
| PUMP20 | STONK20 | MEME50 | HOOD20 | |
|---|---|---|---|---|
| Seats | 20 | 20 | 50 | 20 |
| Market cap | $2M | $750K | $3M | $750K |
| Liquidity | $150K | $40K | $250K | $20K |
| 24h volume | $100K | $20K | $150K | $5K |
| Holders | 2,000 | 300 | 5,000 | — |
| Age | 3d | 2d | 7d | 24h |
| Weight | 1/20 each | 1/20 each | 1/50 each | 1/20 each |
Plus: revoked mint and freeze authority on Solana, organic-volume and thin-pool filters. Members keep their seat on looser maintenance screens, with a rank buffer so coins do not flap in and out.
How listing worksThe index of indexes.
$INDEX is the coin behind the exchange. Until it launches every index trades on paper SOL, with real prices, real reviews and real listings, so the book, the burns and the leaderboard are already running.
Questions
01Do I own the coins in the index?
No. Like an index future, a position tracks the index level; you never hold the coins. That is what lets you short a whole memecoin sector in one click.
02How are the indexes weighted?
Equally. Every member is 1/N of its index (1/20 of PUMP20, 1/50 of MEME50), whatever its size, and the weights are re-set at every print. So the index moves by the average move of its coins: a small coin doubling counts as much as a big one.
03How often do prices update?
The official level prints every 30 seconds, and that is what fills orders and settles the book. Between prints the site streams the live indicative level from the same price feeds every few seconds, so you can watch it move.
04Who is on the other side of my trade?
Other traders. Longs trade against shorts in one matched book per index. INDEX never takes the other side of your position (in paper mode a small house seed sits on both sides so there is always a counterparty). The order book on every index page shows who holds what.
05Can I get liquidated?
No. A losing position shrinks geometrically every print but can never go below zero, and nobody force-closes it.
06Why does my position say 72% matched?
Your side is bigger than the other side. Only the matched part of each position moves with the index; the rest waits for a counterparty. Joining the emptier side is always fully matched.
07What is the floor?
Every index has a comment thread. Make a profile (a @name and a face) and post; your open position in that index shows next to your name, so everybody can see whether you are talking your book.
08When do coins join or leave?
At reviews: 00:00, 06:00, 12:00 and 18:00 UTC, with buffers so coins do not flap in and out, plus immediate exits for dead feeds or collapsed liquidity. Every change hits the wire.
09Is this real money?
Not yet: trading runs on paper SOL while the real-money rail is switched on. Levels, prices, listings and reviews are real; burns are simulated at live prices and labelled.