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One coin, one 1000x bet. Every trading fee on the coin funds a single 1000x BTC or ETH position; holders vote long or short and when to close, and profits are airdropped to holders in SOL.

How it works#

1000x is one coin, $1000X, launched on pump.fun. Every trade on it pays a creator fee, and 100% of those fees fund one 1000x position on BTC or ETH, opened on Papertrade.

Holders run it. Before each position they vote which way it goes, and while it's open they vote when to close it. When it closes in profit, the margin and the profit come back as SOL and are airdropped to holders.

There's only ever one position open. When it ends, the next round starts as soon as the fees have built up again.

The bet loop#

01
Fees build up
Every trade on $1000X pays pump.fun's creator fee. All of it goes toward the next bet.
02
Holders vote
A 30-minute vote: BTC or ETH, long or short. Always 1000x.
03
The position opens
The fees are swapped to USDC, moved to Papertrade, and the winning bet opens.
04
Holders close it
Holders vote when to close. If they don't, it runs until it's liquidated.
05
Profits go out
Margin and profit come back as SOL and are airdropped to holders. Then the next round starts.

Voting#

When the fees are enough for a position, a 30-minute vote opens with four options: BTC long, BTC short, ETH long, ETH short. Every option is 1000x.

To vote, connect a wallet that holds $1000X, pick an option and approve the message your wallet shows. It's a signature, not a transaction: free, and nothing leaves your wallet. You can change your vote until it closes.

Votes are weighted by tokens

Each vote counts the $1000X its wallet holds when the vote is counted. Sell after voting and your vote counts for less. A tie goes to the option voted for first, and if nobody votes the vote stays open.

Closing the bet#

While the position is open, holders vote Close now or Keep it open. Votes are weighted by tokens held, the same as the opening vote.

When it closes

It closes as soon as Close now passes half of the tokens held by that round's opening voters. Separately, if the position is up 50% or more and Close now has more tokens than Keep it open, it closes. Otherwise it runs until it's liquidated. There's no automatic take-profit.

Liquidation#

At 1000x a move of about 0.05% against the position wipes out its margin, and Papertrade liquidates it. That money is gone, so there's nothing to airdrop for that round.

The next round starts once fees have built up again. Only creator fees are ever at risk, never holders' tokens.

Profits#

When holders close the position, Papertrade pays out its margin plus profit. The keeper moves it back to Solana, swaps it to SOL and adds it to the pot for the next airdrop. Money owed to holders is never put into another bet.

Up to $500 per round

Each round's margin is capped at $500. Fees above that wait for the next round.

Airdrops#

Once the pot holds at least 0.5 SOL, it's split between holders, at most every 30 minutes. Shares use your average balance over the period, not a single snapshot, so buying just before an airdrop doesn't help much. Pools, the bonding curve and the project's own wallets are left out.

Each round unlocks 1 hour after it's posted and stays claimable for 30 days.
One claim transaction collects every open round. Each round you claim costs about 0.0012 SOL in rent.
Very small shares roll over until they're worth claiming.

Go to Airdrops

FAQ#

Can I lose money?+

Yes. $1000X is a memecoin and its price can fall to zero. The bet only ever risks the creator fees, never your tokens, but most 1000x positions are liquidated and airdrops can be zero.

Does voting cost anything?+

No. A vote is a message your wallet signs, not a transaction. There's no fee and nothing leaves your wallet.

Why hasn't the next vote opened?+

Papertrade needs at least $10 of margin per position, plus the cost of moving the money there. The vote opens once the fees cover that. The bet page shows how close it is.

I voted but my tokens didn't count.+

Votes are weighted by what you hold when the vote is counted. If you sold or moved your tokens after voting, your vote counts for what's left.

What if nobody votes?+

The vote stays open until someone does. A tie goes to the option that was voted for first.

Can anyone change the bet?+

Holders pick the market and side. Leverage is always 1000x, and only holders' votes (or a liquidation) close the position. There's no automatic take-profit.

Where do I claim?+

On the Airdrops page, with the wallet that held the coin. One transaction claims every open round.

Glossary#

The bet: The one open 1000x position on BTC or ETH, long or short.
Round: One vote, the position it opens, and its result.
Opening voters: The wallets that voted in a round's opening vote. Their tokens set the bar for closing it.
Close now / Keep it open: The two options in the closing vote.
Liquidated: What happens when price moves about 0.05% against the position: the margin is gone.
The pot: SOL from closed bets waiting for the next airdrop.
Airdrop round: One payout from the pot, split by holders' average balance over the period.
Creator fee: pump.fun's fee on every $1000X trade, paid to the coin's creator wallet. All of it funds the bet.
Papertrade: The perpetuals exchange the bet runs on.
Keeper: The bot that runs 1000x: it collects fees, counts votes, opens and closes the bet and sends airdrops.