How it works

The life of one hand

Click through the stages. The key below says which are checkable from public data and which are sealed in hardware.

Try to cheat it

The attacks a poker player actually worries about, and where each one dies. Open any attempt.

What keeps your cards private

Four parts, and what each one does. Open any of them.

The fees

2.5% of a flopped pot, capped at 3 big blinds. Drag the pot to see it.

Pots of one big blind or less pay no rake, and neither does a hand with no flop or no drop. Fees round down to whole USDC, so the headline rate is a ceiling on small pots: a cash pot under $40 pays nothing at all. A Flip instead takes 10% of the contested winnings only, so uncalled bets and chips that were never committed stay redeemable as USDC.

Flips, and $POKER

A Flip is one hand of poker with one betting round, and the only way to get the token before the curve graduates. The full terms live on the token terms page.

How a Flip is played

Everybody antes a fifth of the table’s stake. Hole cards and the flop are dealt together, then one betting round of fold, check, bet or raise, then the turn and river run out and the best hand takes the pot. It is real poker: position, sizing and bluffing all work, because you are deciding against hands you cannot see.

Your cards are hidden the same way

Folding only means anything if your cards are hidden while you decide, so a Flip runs where the cash game runs: on the MagicBlock rollup, deck sealed in the enclave, each seat’s cards readable only by its occupant, the shuffle seeded by the oracle plus every player’s salt and checkable after the hand. A Flip is dealt exactly the way the cash game is.

A Flip table plays a session

Before a Flip table goes private it reserves a session on Solana, and the reservation travels with it. Hands keep starting for as long as people keep playing; half an hour of quiet ends the session, and a day ends it regardless. Every hand is committed to Solana as it settles, and your win is paid into the escrow from that record while the table plays on, so nothing waits for the table to come home. If a table never comes home at all, its reservation can be released by anyone a day later, so one stuck table cannot hold up everybody else’s allocations. Any chips still on that table wait for the rollup.

What the winner actually receives

The eligible contested winnings leave the game vault as USDC within moments of the hand settling, move to the separate token escrow, buy $POKER on the bonding curve, and are credited to the winning wallet as an allocation with its cost written on chain. The line beside the Flip pill follows that, step by step. Uncalled bets return as chips.

Those tokens cannot be moved, sold or transferred until the curve graduates. The token itself enforces that: a sealed transfer-hook allow-list refuses every destination except the escrow and the pool. That is also why nobody, us included, can buy it on the open market beforehand.

When the curve graduates

Graduation is a reserve condition. When the pool’s quote reserve reaches the threshold written into its config at creation, admission closes and existing rounds and purchases drain before delivery opens. Both figures are fields on accounts anyone can read, the comparison between them is the graduation test itself rather than an estimate of it, and anyone can execute the transition. Trading opens once, and there is no instruction to close it again. From that moment the token is ordinary: you can sell it anywhere, buy more anywhere, and send it to anyone. The escrow then sends every allocation to the wallet it belongs to, so there is nothing to click and no SOL to find.

You can also take your own allocation yourself at any time, from this site or straight from the program, and nobody can send it anywhere except to you: the delivery instruction has the destination pinned to your own account, which is why it is safe to let a stranger pay the fee for it.

The escrow’s own orders are bound by an immutable buy ceiling and sell floor, fixed before the first Flip was ever played, so no market move can have it overpay for your round. A round that will not fill inside those bounds unwinds instead: you get the USDC principal back, plus any tokens already bought for it, and nobody else’s allocation waits on it.

If the launch is wound down

The automation sells through the approved market into escrow and returns proceeds, not face value, pro rata by each allocation’s on-chain cost basis. What it sells for is what comes back.

Who can touch the money

USDC and tokens stay in program custody throughout, and measured balance changes inside configured price bounds decide what can be credited. Keepers pay fees and trigger steps; they cannot choose a beneficiary or report a sale that did not happen.

What you can check