Trust

Risk disclosures

Read this before you spend time or money. GOON is a meme token with a distribution protocol attached. None of what follows is hedged for effect; these are the ways it can go badly.

Token risks#

  • Price. Meme tokens are extremely volatile and frequently go to zero. Mining rewards are sold into the same market that buyers buy from.
  • Dilution of circulating supply. Half the supply is released to miners over time. That is continuous new supply reaching the market, front-loaded into the first era.
  • Liquidity. Liquidity depends on the bonding curve graduating. Before that, trading happens on the curve itself, with a fee schedule that can be high at launch.

Launch risks#

  • The curve may never graduate. If it does not, the mining reserve stays in Meteora's vault, mining never activates, and all provisional Goon Power remains a score forever. There is no override.
  • Third-party dependency. The launch relies on Meteora's Dynamic Bonding Curve and DAMM v2 programs. A bug, upgrade or outage there is outside this protocol's control.
  • Configuration error. A mis-set curve configuration could strand or burn the reserve. Configurations are simulated and checked before use, which reduces this risk and does not remove it.

Protocol risks#

  • Unaudited code. The program has tests and has been exercised against mainnet bytecode locally. It has not been independently audited. A bug could lock or misdirect the vault.
  • Upgradeable program. While the program is upgradeable, whoever holds the upgrade authority can change its rules.
  • Off-chain scoring. Who earned what is computed by the operator. The chain bounds how much can be distributed and delays it; it cannot tell whether scores were computed honestly.
  • Finality of settled roots. A wrong distribution that passes its delay unnoticed can be claimed and cannot be reversed.
  • Key compromise. A stolen oracle key can misdirect already-released emission until it is rotated. A stolen guardian key can pause the protocol.
  • Farming. Scripts and multi-account farms can earn within the caps. Their share comes out of honest miners' share.
  • Parameter changes. Scoring parameters can be retuned between epochs. Strategies that work today may not tomorrow.

Operational risks#

  • Availability. Mining depends on this site and its API being up. If they are down, sessions cannot be run and that time is not credited. Claims do not depend on the site: with a proof, anyone can claim directly from the program.
  • Lost connection. A dropped connection, a sleeping laptop or a backgrounded phone tab stops the fight, and time you are not fighting is not credited. Progress is saved every few seconds; a server crash can lose the last few.
  • Wallet safety. You are responsible for your keys. This site will only ever ask you to sign a plain-text sign-in message or a claim transaction. It will never ask for a seed phrase.
  • Phishing. Copies of this site may exist. Check the domain and the program address on the ledger page.

Earning and selling tokens may be taxable where you live, and rewarding participation with a token may be regulated or restricted in some jurisdictions. Nothing here has been reviewed for your situation. You are responsible for knowing and following the rules that apply to you. The protocol is intended for adults.

About the name#

The brand is a joke about internet culture. The protocol is not an adult service. It does not ask for, monitor, verify, store or publish sexual activity or content of any kind, and no feature will ever require it.