The lot, the burn, the controller, and the things it deliberately does not do.
1 · The honest constraint
On pump.fun the token is a plain SPL mint. No transfer tax, no hooks, no clever transfer logic available to anybody. The one real lever is the creator fee stream: SOL off every trade, claimable on-chain by whoever created the coin. Everything here is built on that single lever and there is nothing else underneath it.
2 · The lot
One buy is 0.05 SOL and the size never changes.
lots = claim / 0.05 (rounded down)
A fixed lot buys two things. The count becomes a real figure, because every entry in it is the same size. And the amount that can ever sit unspent is bounded in absolute terms rather than as a percentage: a rule that spends a fraction of what it holds leaves that same fraction behind on every cycle forever, which is why engines built that way need a sweep at the end to catch it. This one cannot leave more than one part-lot, so there is no sweep here at all, and a branch that does not exist is a branch that cannot be got wrong.
3 · The controller
There is a cooldown between bursts and no wait at all between the lots inside one. That is the whole of it: a timer, a lot size, and a bound on how many lots a single burst may fire before the chain gets read again. No price is an input anywhere. Nothing escalates.
- DORMANT — the coin has not traded, or there is nothing claimed and unspent.
- ACCUMULATING — there is money, but less than one whole lot.
- SPENDING — firing a run of lots, back to back.
- WAITING — cooling down before the next run.
4 · It does not time anything
Worth stating plainly, because the opposite is the natural thing to assume. Fee income is volume, and volume peaks when the price does, so the money to buy with is most plentiful exactly when the coin is dearest. This is a buy-high machine by construction. On the launch this engine came from, the two largest buys were half of all the spending and they executed at the two highest prices. A fixed lot flattens that a little, because the size no longer swells with a hot market. It does not fix it, and nothing here claims to be clever about when.
5 · What you are actually trusting
Not the writing on this page. Every burn is a transaction with a signature on it, and the supply of the mint is a public number anybody can read without asking. If this page and the chain disagree, the chain is right. What you are trusting is that the process keeps running, and that is a person and a machine rather than a rule the network enforces. That distinction, and everything else that could go wrong, is set out in full on its own page.