$CROW is Crowrise’s native token. When a listing goes live through Crowrise’s pump.fun-style launch with the $CROW leg enabled, part of the same deployable SOL buys $CROW and burns it. More launches → more buy pressure on $CROW → less circulating supply—without asking backers to do anything extra. Project token vesting for new listings runs in Streamflow; the 90/10 split here is about launch SOL, not how you claim project tokens afterward.
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The tiles below summarize how much $CROW has been bought and burned through Crowrise launches, an approximate USD figure, and a live market snapshot (price, market cap, liquidity). Figures refresh automatically when data is available.
When the auto-launch countdown ends and funding rules pass, Crowrise runs go-live from the project funding wallet—a coordinated pump.fun-style launch (create + dev buy on the new curve, then the $CROW leg when enabled). The deployable SOL is divided between the new project’s curve and $CROW. Streamflow listings still use this launch bundle; afterward, project tokens vest via Streamflow instead of Crowrise’s disperser wallet.
Let B be the SOL (lamports) Crowrise deploys at launch after any fee reserve. The whole raise still shows as verified contributions; this step is how that balance is spent on-chain.
Coordinated go-live sequence
Project and $CROW legs run in one tight sequence so backers experience a single go-live—not a separate manual step from the creator.
Buys the launched project’s token on the bonding curve. For Streamflow listings, your share of this leg feeds the vesting streams Crowrise sets up; the old disperser path is paused for new projects. About 90% of deployable launch SOL targets the project token here.
Buys $CROW on its pump.fun pool. Those tokens are burned in the same flow, so circulating supply drops every time a Crowrise project launches.
For Streamflow projects, allocations are vested on-chain in Streamflow. For legacy disperser listings, tokens route to the disperser for in-app claims. The $CROW leg is gone from circulation—bought with real launch volume, not a separate treasury gimmick.
Exact basis can reserve fees first; the intended split of deployable launch SOL is 90% / 10%. Frontend helpers live in js/crow-mechanics-math.js for parity with the edge worker once wired.
Example: if B = 10 SOL, then P ≈ 9 SOL to the project token and C ≈ 1 SOL to buy and burn $CROW (subject to fees and rounding).
Mechanics tie into the same launch path described in How it works — After you publish and the bigger picture on Why Crowrise.