Clear fees. Shared participation.
The current planned Mainnet model allocates a 1.25% trading fee. The DevNet implementation uses the same split with test assets.
An illustrative 100 tUSD buy
98.75 test tUSD enters the song market. 0.75 test tUSD is allocated to CHART and 0.50 test tUSD to the rightsholder reserve. The reserve receives 40% of the total 1.25% trading fee. These are fee allocations, not promised returns.
Buying and selling
The preview shows expected output, minimum output, price impact and fee amounts before wallet approval. A sell’s gross proceeds and net receipt are shown separately. Network fees and account rent, where required, are paid separately in DevNet SOL.
Prices respond to demand
A buy or sell changes market reserves and therefore price. The execution price can differ from the displayed spot price. Slippage settings constrain the minimum accepted output; they do not guarantee profit or the ability to exit a position.
Launch and graduation
An unlaunched recording requires a first buy of at least 20 test tUSD. Its initial market uses a bonding curve. On reaching the configured graduation threshold, trading continues through CHART’s internal constant-product market. Graduation is not a listing on an external exchange.
Creator reserves are separate from token returns
Reserves accumulate from trading fees. An artist does not receive token-price gains simply because their recording is referenced. The current DevNet reserve is a test balance, and claims are review only; payouts remain disabled.
Rightsholder program