Documentation
Short on purpose. $SNDBX doesn't need much documentation — which is itself part of the test: this page's accuracy matters more than its word count.
What $SNDBX is
$SNDBX is a token launched through pump.fun, a token launchpad on Solana. It is a permanent, public test environment run by one operator: the dev known as Trencher. It is not a product, not an investment thesis, and not pretending to be either.
Why it exists
To test a hypothesis and validate mechanics.
The hypothesis: most tokens go quiet because the dev goes quiet. $SNDBX tests the other branch — the dev keeps shipping, logs everything, and promises nothing. Whatever happens is the result, and the result gets written down either way.
Also because every procedure — launching on a curve, wiring a website to on-chain data, saying no to marketing DMs — goes better the second time. Mistakes made here are part of the deliverable.
How a pump.fun launch works
From pump.fun's own documentation: every coin is minted with a fixed supply of one billion tokens, and no further tokens can be minted. Creating a coin is free; a creation that includes a first buy pays 0.025 SOL in network fees.
A new coin trades on a bonding curve — a contract that sets the price from supply, so there is no pool to seed and no order book. Every trade on the curve pays a 1.25% fee (0.95% to the protocol, 0.30% to the coin's creator).
When the curve fills to its threshold, the coin "graduates": its liquidity migrates to PumpSwap, pump.fun's own exchange, where the liquidity pool tokens are locked and burned. After that, the liquidity cannot be removed manually — the only way funds move is trading. Their documentation is honest about the remaining risk, and so are we: a wallet holding a large share of the supply can still sell it. Post-graduation trading fees start at the same 1.25% and scale down as market cap grows.
The exact graduation threshold is displayed by pump.fun on each coin's page as curve progress. It is read from the interface, not quoted from memory: [TBD — recorded at launch].
Numbers above come from pump.fun's published documentation at the time of writing (fee schedule dated September 2025). If their docs and the deployed contracts ever disagree, the contracts win. Official site: pump.fun — typed, never clicked from a reply.
What gets tested here
Launch mechanics on pump.fun, end to end. Whether continued shipping changes anything — the hypothesis. Integrations between a website and on-chain data. And this site itself: its structure is a dress rehearsal for a later project by the same dev.
Results, as they happen, get written down on Shipped (so far).