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Overview

The Bid Wall is an onchain program that allows token holders to sell their tokens back at the project’s Net Asset Value (NAV) per token. When tokens are sold into the bid wall, they are permanently burned, reducing circulating supply.

View Program Source

The bid wall is a fully onchain Solana program. All operations are transparent and verifiable.

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How It’s Funded

The bid wall is funded from the ICO raise using this formula: 
Bid Wall = Total Raised - (20% × Total Raised + Min Goal)
Or equivalently: 
Bid Wall = 80% × Total Raised - Min Goal
This means:
  • 20% of total raised → Goes to liquidity pools (with 2.9M tokens)
  • Min goal amount → Goes to the project treasury
  • Remainder → Goes to the bid wall

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Example: 6MMinimum,6M Minimum, 8M Raised

AllocationCalculationAmount
Liquidity Pools20% × $8M$1,600,000
Project TreasuryMin goal$6,000,000
Bid Wall8M−8M - 1.6M - $6M$400,000
If a project raises exactly its minimum goal, the bid wall receives nothing. If a project raises less than 125% of its minimum, the bid wall will be small or zero.

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What Price Does the Bid Wall Buy At?

The bid wall buys tokens at the NAV (Net Asset Value) per token, which adjusts based on treasury balance changes: 
                treasury_balance + lp_quote + bid_wall_quote
NAV per token = ------------------------------------------------
                    tokens_at_launch - tokens_bought_by_bid_wall
Key insight: As the treasury spends USDC (on development, operations, etc.), the NAV per token decreases, and so does the bid wall price. This creates an important dynamic:
  • At launch: Bid wall price ≈ ICO price
  • After treasury spends: Bid wall price decreases proportionally
  • If someone burns tokens elsewhere: NAV increases, making the bid wall less profitable to sell into

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Example: Bid Wall Buying Power

Using our 6Mmin/6M min / 8M raised example with $400K in the bid wall:
ScenarioTreasury BalanceApprox. NAV/TokenTokens Buyable
At launch$6M~$0.60~666,666
After $1M spent$5M~$0.50~800,000
After $3M spent$3M~$0.30~1,333,333
These are simplified examples. Actual NAV calculations include LP balances and tokens already bought by the bid wall.

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Why This Design?

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Self-Adjusting Floor

The bid wall creates a price floor that automatically adjusts based on actual treasury value. This is more honest than a fixed floor—if the project spends treasury funds, the floor reflects that reality. Selling into the bid wall incurs a 1% fee paid to MetaDAO. This means when you sell:
  • You receive USDC at NAV minus the 1% fee
  • Your tokens are burned
  • The fee goes to MetaDAO as protocol revenue
The 1% fee may be adjusted in the future based on performance and market conditions.
This makes the bid wall a fair exit option, not a profit mechanism.

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Anti-Gaming

If someone burns tokens outside the bid wall (e.g., by sending to a dead address), it increases NAV per token—because tokens are removed but USDC stays in the system. This means selling into the bid wall becomes less profitable after external burns. You can’t game the system by artificially reducing supply first.

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How to Use the Bid Wall

As a token holder, you can sell tokens into the bid wall at any time (while it has USDC):
  1. Connect your wallet on the MetaDAO app
  2. Navigate to the bid wall for the project
  3. Enter the amount of tokens to sell
  4. Confirm the transaction — you receive USDC, tokens are burned

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Verification

The bid wall is fully onchain. You can verify:
WhatHow
Bid wall USDC balanceCheck the bid wall account on Solana Explorer
Tokens burnedView burn transactions in the bid wall’s history
Current NAVCalculate using the formula above with onchain data

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Key Points

Because 20% of the total raise goes to liquidity pools to enable trading. The bid wall only gets what remains after liquidity and the minimum goal are funded.
No. Once USDC is in the bid wall, it can only be used to buy and burn tokens. This is enforced by the onchain program.
Once depleted (or after 90 days), the bid wall no longer accepts token sales. Any remaining USDC after expiry can be returned to the treasury by the team. The tokens purchased during the bid wall’s operation are permanently burned.
Yes. The bid wall has a 90-day expiry. After 90 days, the team can call the remaining USDC balance back to the treasury. This gives token holders a window to use the bid wall before funds return to governance control.

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Summary

AspectDescription
FundingTotal Raised - (20% × Total + Min Goal)
Buy PriceNAV per token (adjusts with treasury balance)
Fee1% paid to MetaDAO (may be adjusted)
Duration90 days, then remaining USDC can return to treasury
ActionBuys tokens from sellers, burns them
ResultReduced supply, price floor based on actual value