How an IMO works
Every cycle has its offering
2017
Initial Coin Offering
2019
Initial Exchange Offering
2021
Initial DEX Offering
2026
Initial Memestock Offering
From prospectus to open market
The price of a memestock, phase by phase. Hover or tap any part of the chart.
↑ Market cap
IMO7 days
Backers deposit into the prospectus they prefer, and the deposit is their vote. The more money comes in, the higher the final price, between the minimum and the maximum market cap (the shaded band). Everyone pays that one price at the close, whenever they came in, so there is no rush and nothing to snipe. Below the soft cap everyone is refunded; above the hard cap every backer is scaled down equally.
Illustrative, not a forecast.
Why an IMO
What the broker who launches it and the people who back it each get, and what the two together do for the memestock. Tap any line for the detail.
Brokers
They design the launch and buy into it first.
The broker can buy about 5.8% of the supply for itself in the IMO with the minimum unlock (a 30-day cliff, then 12 months), and up to 10% with a longer one. Its purchase is guaranteed in full at one price with no slippage: it is never scaled down, not even when the IMO goes over its hard cap. It can also commit an amount to buy for the burn vault in the market's very first purchase, at the open.
The broker buys at the final IMO price, the same as the backers, and its purchase at that price is secured whatever the demand. The market opens above it: the opening premium the prospectus sets, +20% for example.
The sale happens before the market opens, in one transaction at one price. Nobody can buy ahead of the broker.
The brokerage earns its share of every buy and every sell (0.25% of the volume in our example), fixed at launch and paid automatically for as long as the market trades.
Every launch stays on chain with the brokerage's name. A good track record is what wins the backing of the next IMOs.
Big advantages, paid for with the longest lock-up: the broker's own tokens unlock last (a 30-day cliff, then 12 months, at least), and what it buys for the vault is burned. Real skin in the game.
The IMO
Together
Convicted holders from day one
IMO tokens unlock gradually after a cliff, the broker's last of all, so nobody can dump the launch on day one.
There is no race to win and nothing to snipe: fast traders gain nothing at the launch.
Backers chose this broker's prospectus over the others with their own money, and the broker is locked in longest: the same goal from the first block.
It does not guarantee the price; it gives the market a healthier start than a race of bots.
IMO backers
They choose the best prospectus and buy at its price.
Up to 0.5% of the supply per wallet: 0.05% to 0.35% depending on how long your tokens unlock (1, 3, 6 or 12 months), plus up to 0.15% for ₸USD stakers, the more staked and the longer it stays locked. Filled at one price with no slippage. If the IMO goes over its hard cap, every backer is scaled down by the same proportion.
Every backer pays the same IMO price, and the market opens above it.
The price is the same at any moment of the IMO, so speed buys nothing, and nobody trades before the backers have bought.
The counterweight to the lock-up: when you deposit you can add an extra of up to your ticket again, bought in the market's very first purchase, before public trading opens, so before any bot and anyone who did not back the IMO. Those tokens are not locked. Your leftover can buy there too if the IMO goes over its hard cap. Everyone in it pays the first public price; what the curve gives beyond it is burned.
If your prospectus loses or the IMO fails, every coin goes back to the wallet that paid it, and only to it.
Backers' tokens unlock gradually too, but sooner: a 7-day cliff, then over the 1, 3, 6 or 12 months each backer chooses. A longer one earns a bigger ticket.
Together
Convicted holders from day one
IMO tokens unlock gradually after a cliff, the broker's last of all, so nobody can dump the launch on day one.
There is no race to win and nothing to snipe: fast traders gain nothing at the launch.
Backers chose this broker's prospectus over the others with their own money, and the broker is locked in longest: the same goal from the first block.
It does not guarantee the price; it gives the market a healthier start than a race of bots.
What every trade does
Every trade does what the two cards below show. Nobody has taken memecoins this far: a meme quoted against its company's real stock, with every trade growing a basket that belongs to the holders.
Apple Memestock AAPLm
quoted against this basket ↓︎
1% fee on every trade
0.25% · To the brokerage firm
0.25% · Burned forever
Follows the basket.
0.25% · To holders
Delivered daily.
0.25% · To management
The board the holders elect.
Memestocks are memecoins. They are not shares, carry no rights over any company, and can fall as fast as they rise. Nothing here is investment advice.
Fair by design
Backers, the broker, the people who buy after the open and every holder: each rule below was weighed against all four before it went into the contracts.
The demand sets it, between the broker's minimum and maximum, and everyone pays it, whenever they came in. Being first buys nothing, so there is nothing to race for.
Once in, a deposit stays in its prospectus, so nobody can fake support or switch sides at the last second. If that prospectus loses, every coin goes back to the wallet that deposited it.
The longer you lock, the bigger your ticket: 0.05% of the supply over 1 month, up to 0.35% over 12, plus up to 0.15% for ₸USD stakers. At most 0.5% each, so an IMO is shared by dozens of backers.
Game participants
Four roles, one loop: every one is paid by the memestock it helps grow, and every one is chosen or kept by the others.
Rules fixed onchainBoard seats won from holdersCommitment pays, speed doesn't
What it does
In exchangeThe longest lock-up: its tokens unlock last
What it does
In exchangeA lock-up it chooses: the longer, the bigger the ticket
What it does
In exchangeNothing locked: stake and unstake at any time, with no fee
What it does
In exchangeIts work in public, for as long as the holders keep it
How the four feed each other
Broker
Designs the launch
The IMO
one price, vested supply
IMO backer
Funds the winner
The market
every trade pays the fee
The fee, four ways
💼 Brokerage0.25%
the broker's team
🔥 Burned0.25%
across the basket
🪂 Holders0.25%
daily rewards
👔 Management0.25%
content, community
Example: a 1% fee, a quarter each. Each prospectus sets its own.
Why the backers decide the project
Nothing here is given away and nothing launches on its own. Several brokers file for the same memestock and the deposits pick one, so the terms that win are the terms the people putting money in want to live with for years.
Every backer picks their own unlock, and the longer they pick the bigger the ticket they are allowed. A round carried by patient money launches with much more of the supply locked and far less of it able to hit the market in the first week.
A deposit is a vote for a brokerage as much as for a prospectus: who it is, what it has launched before, who else is already backing it. That record follows the brokerage into the next IMO.
Its own purchase sits behind a cliff and then vests, and its brokerage earns its share of every trade for as long as the memestock trades. Nothing about a launch pays it; only a market that is still there in two years does.
Holders vote the strategic holdings in and out and elect the board the management vault pays. The ones who funded it keep deciding what it holds and who runs it.
AMI 9000Artificial Monetary IntelligenceOn the ₸USD side
TurboUSD's Artificial Monetary Intelligence runs the ₸USD treasury onchain. It locks, buys back and burns ₸USD, and never sells it. Every memestock is half ₸USD, so each of its moves supports every memestock at once, never one meme in particular.
LocksBuybacksBurns
Because a launchpad that lives on fees wants as many tokens as possible; that is good for the launchpad, not for the holder. Here less is more: a short, spaced-out calendar gives every memestock time to build its community, its brokers and several cycles of its own, the way Apple or Microsoft had a first boom and a second one from 2010 on. Attention is not diluted across thousands of tickers.
No one controls the launches: the clock is onchain and the contracts have no owner that can pause trading or pull liquidity. Brokers and buyers vest. If an IMO does not reach its minimum raise, or its winner is not launched in time, everyone is refunded to the wallet that deposited.
The design is fixed; parameters like fee splits, locks and caps can still change with community feedback before launch. More IMOs could come much later, at most one a year, won by broker auction. That is a possibility, not a promise.
A real basket, held by the memestock's own contract, that nobody can withdraw (only the holders' own emergency exit vote hands it back to them, in kind): half ₸USD, a deflationary unstablecoin priced in ETH and tokenized stocks, a quarter the company's real tokenized stock and a quarter strategic holdings, other tokens chosen in the prospectus and evolving over time. Every sell is paid from it. So it moves with its company, with the currency of the whole launchpad and with its strategic holdings, not with a single token that can go to zero.
Base (Coinbase B20 tokenized stocks) and Robinhood Chain. Each memestock launches on the chain where its tokenized stock lives. Only companies whose stock is already tokenized are on the calendar; there are no placeholder slots.
Not yet. Nothing trades until the clock is started onchain. Rules, fees and calendar are public now and open to feedback, so there is time to learn it, organise and stake before the first IMO.
Everything else is in the docs
The idea
Nobody has taken memestocks this far. A memecoin on its own is a bet on attention; a memestock is quoted against a basket that holds the company's real tokenized stock, ₸USD and strategic holdings, and every trade feeds that basket, burns part of it and pays the people who keep the memestock alive. It is built to be fun, but above all to grow for years and to give value to the holder, not to a founder.
An Initial Memestock Offering: the first sale of a memestock, before its market opens. Like an IPO round, everybody buys at the same price, set by demand when it closes, and the tokens then unlock gradually. There is no race: buying in the first minute or in the last gives exactly the same price.
Every mechanism is built so that being fast or being a bot gains nothing:
Three things, and every rule points at them:
They are not just money, they are the shape of the launch. Who backs a prospectus decides which one wins at all, and their choices carry into the market: every backer picks how long their tokens take to unlock, and a longer lock earns a bigger ticket, so a round carried by patient backers launches with much more of the supply locked and far less of it able to hit the market early. A wallet's record is public: you can see what it has backed before, how long it held and whether it was still there a year later. Backing well is a reputation, and brokers court it.
People who have shown long-term conviction: to become a broker you lock at least $500 of ₸USD in Turbo staking (or are whitelisted) and found a brokerage. A brokerage can be one wallet or a team with a leader. The broker designs a launch, buys into it first at the same price as everyone and keeps those tokens locked longer than anyone else. In return the brokerage earns a small share of every trade, fixed forever at launch.
A broker's complete offer for how the memestock launches: its name, its supply, how much of the supply is on sale, its minimum and maximum market cap, the opening premium, the trading fee and where it goes, the strategic holdings in its basket, the broker's own purchase and lock-up, and the market's guardian. Once filed it cannot be edited: what you back is exactly what launches.
Any broker, one per wallet, while the IMO is open and until its final hours. Filing takes the broker's own purchase on the spot, refunded if another prospectus wins (the filing fee is kept, unless the IMO is cancelled). That purchase can be about 5.8% of the supply with the minimum unlock (a 30-day cliff, then 12 months) and up to 10% with a longer one (a 24-month unlock, or a 6-month cliff and 12 months), at the same price as everyone else. The broker can also commit amounts for the burn vault and the management vault, bought in the market's opening purchase. A prospectus also names its strategic holdings and the share of the basket each one gets (at least 0.1%, in steps of 0.1%).
Yes. A valuable wallet, such as a broker's, delegates once on delegate.xyz to a second wallet, from Profile → Delegation, and can revoke it at any time. The second wallet then acts for it on the IMO and market pages: it files its prospectus (with its brokerage, whitelisting and ₸USD stake), launches in the broker's half of the launch window, deposits, claims, proposes and votes with its tokens. Everything paid out goes to the first wallet; the second pays what is pulled (the filing, a deposit) and the gas. Voting with the first wallet's free tokens needs it to approve the governor once. A brokerage itself is still run from its own wallets.
By the people who put money in. Backing a prospectus is your vote and your purchase at the same time. When the IMO closes, only prospectuses that reached their own soft cap count: the one with more than half of their deposits wins; if none has, the top two go to a short runoff. People back what they trust most: the tokenomics and mechanics the broker chose, the broker and its reputation, the strategic holdings, the lock-ups and burns that make it safer. Brokers compete on the best offer, not on speed.
Why take part
Because launching through an IMO is the best seat at the table:
The right to buy first when the market opens. When you deposit, you can add an extra of up to your ticket again. It is bought in the opening purchase, right after the launch and before public trading opens: before any bot and before anyone who did not back the IMO. You pay the first public price, and those tokens are not locked, so they balance the slow unlock of your IMO tokens. If the IMO is oversubscribed, the part of your deposit that is cut back can buy there too.
Because from the first block its supply is in the hands of convicted holders. IMO tokens unlock gradually, the broker's last of all, so nobody can dump the launch; there is no race to win, so jeets and bots gain nothing; and everyone is aligned, because the backers chose this broker's prospectus over the others with their own money. It does not guarantee the price, but it gives the market a much healthier start than a race of bots.
Buying in the IMO
Connect your wallet, choose over how many months your tokens unlock, and back the prospectus you prefer with ETH, USDC or the IMO's quote token. Once deposited, it stays in that prospectus, so choose carefully: if another one wins, you get it all back. There is no rush: everyone pays the same final price.
Yes. Every IMO is priced in its own quote token, shown on its page. ETH and USDC are swapped into it through Uniswap or the quote's own pools (Aerodrome included) in the same transaction and deposited in your name. If you already hold the quote token, you put it in directly. Anything refunded comes back in the quote token.
Your ticket is a share of the supply, set by how long your tokens take to unlock: 0.05% over 1 month, 0.1% over 3, 0.2% over 6 and 0.35% over 12. ₸USD stakers get up to 0.15% more: the more ₸USD staked and the longer it stays locked, the bigger the extra. Nobody can go beyond 0.5%.
Because the IMO is meant to put the supply in the hands of people who stay. Snipers and jeets who only want a quick flip gain little from a fixed price and a slow unlock, while long-term holders get the biggest allocations. That keeps the first weeks of trading calmer for everyone.
After the launch there is a one-week cliff. Then your tokens unlock a little every second over the months you chose, and you claim them from the IMO house whenever you like. They can vote from the launch, even before they unlock.
Every backer is scaled down by the same proportion, whenever they came in; the broker's own purchase is not. The part of your deposit that could not be used goes back to your wallet or, if you ticked that option when depositing, into the market's opening purchase. Nobody is left out for being late.
The market's very first purchase, made right after the launch and before public trading opens, so no bot can get in front of it. It gathers the broker's buy for the burn vault and two optional orders from backers: their leftover over the hard cap, and an extra amount of up to their own ticket again, chosen when they deposit. Everyone in it pays the price it ends at, the same as the first public buyer, so nobody gets an instant gain over them; the tokens the curve gives beyond that price are burned. These tokens are not locked. The purchase has a size limit, so there is always room for public buyers.
Yes. They pay the same price, and the opening purchase cannot take more than a limited share of the market's tokens. It is a small right earned by backing the IMO and accepting its lock-up: at most your ticket again. Anyone can become a backer.
If another prospectus wins, you take back everything you put in, in the quote token. If no prospectus reaches its minimum, everyone is refunded. If the winner is not launched within 3 days, the IMO is cancelled and everyone gets their money back. Refunds only ever go to the wallet that deposited.
After the launch
Its broker (or the wallet it delegated to), in the first half of the 3-day launch window; after that, anyone. It is launched exactly as it was filed: everyone's purchase is made at the IMO price in that same step, and the market opens at the premium the prospectus fixed. If nobody launches it, the IMO is cancelled and everyone is refunded.
Real liquidity, held by the memestock's own contract, which nobody can withdraw (only an emergency exit voted by the holders hands it back to them, in kind). Every buy fills its basket: ₸USD, the tokenized stock and strategic holdings. BRK.M, for example: 50% ₸USD, 25% the stock and 25% shared by its strategic holdings at the shares its prospectus set.
The holders of that memestock, by vote: which strategic holdings, and each one's share. To propose a change you lock 0.25% of the supply. From 0.10% you can file a draft instead: it opens as a vote by itself once other holders back it with yes votes up to 0.25% within the voting period; if not, it lapses and everyone takes their tokens back at once. You vote with any amount, from your wallet (locked), from the IMO house or from the holders' vault (held where they are), in one direction per proposal, and get it all back once the vote and its 2-day timelock are over. A change needs more yes than no and a turnout of 10%; the vote lasts 7 days and the result applies 2 days later. Votes open at the launch; IMO tokens still in the house can vote but not propose. ₸USD and the stock can never be changed, and brokers have no special vote.
A fee is charged on every buy and every sell, from 0.5% to 5%, set by the prospectus. In our example it is 1%, a quarter each: burned, to the brokerage, to the holders and to the management vault. The burn always follows the basket: ₸USD, the tokenized stock and each strategic holding by its weight. Everything else is paid in the stock and the strategic holdings, never in ₸USD, delivered about once a day. How the fee is split is fixed forever at launch.
Because every trade then makes every token in the basket scarcer: ₸USD, the company's tokenized stock and each strategic holding. The projects behind those tokens benefit directly from our volume, so it is in their interest that we do well. And every burn is a public event on chain that can be posted automatically, ticker included: a steady stream of attention that costs nothing.
Because half of every buy of a memestock turns into ₸USD and a quarter into its strategic holdings: constant buying of their token from every trade we make, plus a share of every burn. Being added to a basket is worth competing for, and the holders decide who gets in. The same goes for ₸USD, which is in every basket.
Not on the memestock. Rewards are paid in the stock and the strategic holdings, never in the memestock itself and never in ₸USD, so the only thing a holder can sell is small amounts of other tokens, spread over time. That is barely visible in those markets and invisible in the memestock's own. Holding is rewarded without anyone having to sell what they hold.
Stake your memestock in the market's holders' vault: only staked tokens earn the holders' share of the fee, pro rata. Staking and unstaking are instant, with no lock and no fee, and staked tokens keep voting. New fees are released to the stakers over 3 days, so staking just before a delivery and leaving right after takes almost nothing. Tokens in a wallet or still in the IMO house earn nothing: claim your IMO tokens, then stake them. Anyone can pay a list of stakers their share and keeps 1% of what it delivers to others. A payout a token refuses stays owed to you, to claim later.
A memestock can have a board: CEO, CFO, CMO, CTO, COO, and any title its guardian adds. The holders fill each seat by vote, at most 10% of the management fee per seat. The vault pays the elected seats in the stock and the strategic holdings, never in ₸USD; what no seat takes stays as the market's treasury, spent only by a holder vote. People paid to keep the memestock alive, chosen by the people who hold it.
Yes. It is a public contract: any project listed on memestock.market can deploy its own vault, set its titles and wallets and point its reward contracts at it. Our memestocks are just one user of it. A tool every project can run from our hub brings every project to our hub.
The guardian the prospectus named (turbousd.base.eth by default) can pause buying one strategic holding for up to 10 days, set how much of a holding's pool the basket may use (within fixed bounds), and veto an emergency exit while the market still trades; it cannot touch funds or ordinary votes. The holders can vote an emergency exit with a 5% bond: 80% yes and 80% turnout on a live market, two thirds and 40% on a dead one. Once executed, trading stops for good, every IMO token unlocks and each holder hands back the memestock for its share of every basket asset.
Ready to play?
The clock, every IMO in order, the calendar and the prospectuses.