Rules
How Callout
actually works
01
Launch first
Coins are created on pump.fun through Callout. Launching is free. The platform wallet pays the launch fee. A dev buy is optional and comes from your wallet. This coin's pool wallet is the on chain creator. You do not receive creator fees. Each wallet can launch 3 coins in 24 hours.
02
One pool. One fee stream.
Trading that coin produces creator fees. The pool wallet claims them. 75 percent stays in that pool. 25 percent buys and burns $CALL from that same wallet, on every claim. Shorts use only the share that stays. No shared index. No public backers. A short pays a 0.50 percent open fee plus premium into the same pool. Losing shorts add their leftover stake there too.
03
Shorts open when fees land
Shorts stay closed until the pool has room. Room is 80 percent of fee capital, minus what is already reserved. Each short reserves twice its stake so a dump to zero can still be paid. New shorts stop when that reserve would exceed the room. Minimum size is 0.05 SOL. There is no margin.
04
Cash out any time
Strike is the live price at open. When you cash out, settle is the median of the last five minutes of samples if there are enough, otherwise the live price. If the price falls, the short is paid from this pool, up to twice your stake. If the price rises, the pool keeps the leftover. There is no 6 hour or 24 hour lock.