The rules. All of them, on one page.

Account sizes and every value above live in a per-tier config that is stamped onto your account when you buy. The pricing cards always show the current config.

There is one evaluation phase. You pass when both of these are true at the same time:

• Target: your realized balance (closed trades, after all fees) is at least +30% above the starting balance — e.g. $6,500 on a $5,000 account.
• Consistency:no single UTC day's realized profit exceeds 50% of your total profit (details).

Because of the consistency rule, the fastest possible standard pass is 2 profitable days. There is no time limit — the account stays live until you pass or breach. Unrealized gains don't count toward the target; close the trades.

Your account has one loss limit, and it is a fixed dollar amount. Call it D = 20% of your starting balance. The floor opens at your starting balance minus D and ratchets up as your realized balance makes new highs. Once you are up D, the floor reaches your starting balance, which is breakeven, and locks there permanently. It never moves again, and there is no daily drawdown.

Two asymmetries to understand precisely:

• The floor rises on realized balance only. An open position pumping 3× does not raise your high-water mark or your floor until you close and realize it.
• The breach check runs on live equity, meaning cash plus the marked value of open positions, on every price tick of anything you hold. If equity touches or crosses the floor, even on unrealized losses, the account breaches.

This applies only to passing the evaluation. Funded accounts have no consistency rule — once you're funded, a single big day never blocks a payout. To pass the eval: no single UTC day's realized profit may exceed 50% of your total realized profit. Days are UTC calendar days. Exactly 50.0% passes; 50.1% does not. The 1-Day Pass has no consistency rule at all.

Failing consistency is never terminal: you simply keep trading until new profit dilutes the dominant day below 50%. At payout time the same rule applies to the funded account's trading period, and a failed check just means re-request later — nothing is lost.

1-Day Pass evaluations skip this rule entirely (see the 1-Day Pass). Funded-account payouts never skip it.

The 1-Day Pass is an optional add-on selected at checkout for +30% of the challenge fee. It changes exactly three things and nothing else:

The 20% max-drawdown floor, the impact cap, the token universe, the funded-stage rules, and all payout caps are identical to standard accounts. Consistency is an evaluation gate only — no funded-account payout is ever checked for consistency.

Before any order executes, we quote it against a fresh read of the token's curve or pool. If the simulated price impact of your order would exceed 2.5%, the order is rejected with IMPACT_CAP — it does not partially fill.

This is an honesty rule, not a punishment: on thin coins, size that would move the real market 10% cannot pretend to fill at spot in a simulation. Split the size or pick deeper liquidity. The quoted impact appears on every fill preview and receipt (see the fill policy).

Tradeable tokens come only from launchpads in our registry, where launching a fake or manipulable coin is hard:

• pump.fun — live at launch. Contract addresses end in pump; both bonding-curve and graduated (PumpSwap) stages are tradeable.
• LetsBonk (bonk suffix) — next in the registry, enabled when its adapter ships.

Every mint is verified on-chain against its launchpad's programs before it is tradeable — pasting a random SPL contract address will not work. This allowlist is itself an anti-exploit control: self-launched tokens are the classic way to game a simulation. During a token's migration from curve to pool, orders are frozen (details).

When you pass, the flow is:

• Pass detected automatically — the account locks in a passed state.
• You sign the funded-trader agreement (click-wrap).
• An automated review runs (conduct checks, markout screening), typically same-day.
• A new funded account is issued at the same size, same rules: 20% max-drawdown floor, 2.5% impact cap, same token universe. The funded clock for your first payout starts at issuance.

Profit split is 80/20 in your favor, applied at payout. A funded account can breach exactly like an evaluation; the floor does not get softer because you passed.

You can request a payout when all of these are true:

• At least 5 days since funding started (or since your last payout).
• The account is flat, with no open positions.
• The balance is above the withdrawal buffer (your starting size plus the 20% cushion).
• The 50% consistency rule holds over the funded trading period. A failed check is soft: keep trading, re-request later.

The payout math, precisely:

• Your withdrawable profit (balance − the withdrawal buffer) is taken out and the balance resets to the buffer. The floor stays locked at breakeven.
• You receive 80% of that withdrawable profit, capped at the per-payout cap, in USDC (SPL) or SOL to your verified wallet.

After the 3rd payout, or when the lifetime cap is reached, the account is completed and closed. That is the design: worst-case liability per account is fixed and known, which is what keeps payouts fast and reliable. To keep trading, buy a new challenge.

Payouts require no KYC. Your verified Solana wallet is the identity. Payouts are reviewed and signed manually; the transaction signature is attached to your payout record.

When equity touches the floor (or the conduct rule is invoked):

• All open positions are closed at real market prices.
• All resting orders are cancelled and trading is disabled.
• The account remains viewable read-only with its full evidence: the equity timeline, the breaching tick, and the market snapshot behind every fill.

There are no resets and no refunds. A new challenge is a new purchase. We publish this bluntly because ambiguous breach handling is the most common prop-firm complaint — here the evidence is attached to the account the moment it happens.

The simulation fills you honestly; the conduct rule requires the same of you. The following forfeit the account and any unpaid payouts, after human review:

• Trading tokens you launched, or that affiliated wallets launched.
• Coordinated pumps of coins you or associates hold on-chain.
• Exploiting single-sided or vanishing liquidity to print simulated profit that no real trader could realize.
• Shilling a coin to your audience while holding it in your account here.
• Systematic latency or stale-price abuse — fills are fresh-read, and markout screening (your fill price vs the price +2s and +10s after) flags accounts whose profits exist only in those gaps.
• Running more than the allowed accounts through multiple identities.

Enforcement combines deployer-wallet checks, markout monitoring, and a manual review queue — deactivations are made by a person, not an algorithm, and the evidence is retained. Normal aggressive trading — sniping fresh launches, scalping, riding momentum — is what this product is for and is never a violation.

• 3 active accounts maximum per person, any mix of evaluation and funded.
• One person, one identity. Wallets, not documents: there is no KYC.
• No subscriptions. One-time fees only.
• No resets and no refunds; a breach means you rebuy.

Rules are versioned per challenge config, and your account keeps the config it was purchased with — rule changes never apply retroactively to active accounts. If we change a number, it applies to challenges bought after the change, and this page's updated date moves.