Funded Jul 31
You confirm the swap in your wallet.
How do I buy?
Press Buy ORDR on Jupiter on the Buy tab. Jupiter opens with USDC to sell and ORDR to buy, and you confirm the swap in your wallet there.
I backed the raise. Where are my tokens?
Connect the wallet you committed from. Anything left to claim shows on this card's first tab, which then reads Claim, and in your portfolio. Nothing arrives on its own.
Where does it trade?
On Solana, through Jupiter, which routes each swap across the pools that hold ORDR.
When can the team use the money?
The goal was met, so up to $15,000 a month. More needs a .
When do team tokens unlock?
Locked until Jan 31, 2028, then a fifth at each of 2x to 32x the raise price, on the .
Did anyone vet this company?
Nobody reviewed this company. The founder wrote everything here.
Copy a prompt and paste it into your own agent. Each one points it at this company's record.
- Progress
61.9xthe goal
- Committed
- $9,286,571 towards $150,000 goal
- Window
- 4 days, closed Jul 31
- Loading
- Price vs raise
- Loading
- Treasury
- $96,
984 - Runway
- 6 months
- Supply
- 38.8% went to backers
Overview
Product
A fully on chain order book exchange on Solana that gives market makers their own private accounts, cheap repricing, and protection from toxic arbitrage. The result: tighter spreads and better prices for everyone.
"Every propAMM on Solana is a black box. Closed code, operator controlled, permissioned flow. Ordr gives that same performance to anyone: your own book, near-free repricing, and execution priority over the bots trying to pick you off. This is OpenMM."
Raising $150K @ $387K FDV. What we plan to achieve with this $150K!
Raising for exactly what stands between us and public mainnet.
Ordr is already live on private mainnet alpha with a working matching engine, ACE (maker-priority execution via Jito's BAM). This raise funds 6 months of focused execution: ship public mainnet, bootstrap the first liquid markets, and prove the OpenMM thesis with real volume.
Traction
| Metric | Status |
|---|---|
| Private mainnet alpha | Live |
| Colosseum | Honorable mention |
| Helius Startup Launchpad | Accepted |
| ACE via Jito BAM | Live, built directly with the Jito engineering team, quote updates landing top of block |
Supply Breakdown
| Allocation | % | Tokens |
|---|---|---|
| Initial Float | 38.8% | 10.0M |
| Performance Package | 50.0% | 12.9M |
| Meteora LP | 3.5% | 900,000 at $0.015 |
| Futarchy AMM | 7.8% | 2.0M + $30K |
| Total Supply | 100% | 25.8M |
Note: $0.015 token price is based on $387K FDV with total supply of 25.8M tokens.
Roadmap & Milestones
| Month | Milestone |
|---|---|
| Month 1 | Resolving and tightening all the existing code before engaging audit. |
| Month 2 | Security audit engaged. Audit findings resolved. Private mainnet alpha expanded. |
| Month 3 | Public mainnet launch. First markets live with in house market making bootstrapping liquidity. Initiating convo with aggregators. |
| Month 4 | Maker SDK + docs shipped. At least one aggregator onboarded. Bringing in volume. Initiating convo with institutional market makers. |
| Month 5 | Working on multiple aggregators onboarding by making taker side composable. Shipping app focusing on retail market making. |
| Month 6 | First external market makers onboarded and quoting. Reach 100 million spot volume. |
| Post-raise 2 | Scaling: Multiple institutional maker onboarding, deeper aggregator capture, establishing retail market making community. |
What Ordr Is
Ordr is the first wedge into a bigger idea: open, transparent on chain price discovery replacing closed proprietary AMMs.
Three things in one protocol:
- Private order books per maker. No shared state write lock contention. Every maker gets their own book account. No contention means no widened spreads.
- Cheap repricing. Hot paths hand-optimized in sBPF assembly. Repricing is near free with guaranteed transaction landing. Quote as often as your strategy demands.
- ACE (Application Controlled Execution). Makers react to market events before arbitrageurs, via Jito's BAM maker priority plugin. Quote updates land top of block.
Built for market makers and the institutions flooding into Solana with nowhere open to quote.
Market & Differentiation
The target market: professional market makers, and institutions entering Solana, plus every trader who benefits from tighter spreads. PropAMMs (SolFi, HumidiFi, and peers) already do billions in monthly volume, but they're closed, operator controlled black boxes. Ordr is the open alternative at the same performance tier.
The one sentence pitch: Quote deeper on more markets with less capital.
| propAMMs | Legacy on chain CLOBs | Ordr | |
|---|---|---|---|
| Performance | Yes | No (write-lock contention) | Yes (28 CU, private books) |
| Open & permissionless | No | Yes | Yes |
| Toxic flow protection | Yes (operator-gated) | No | Yes (ACE via BAM) |
| Price precision | No | Yes | Yes (critbit, unlimited levels) |
The potential: at 30% routing capture of current prop AMM volume at 0.5 bps taker fee, the protocol can generate ~$6M/year from the SOL/USDC pair alone.
Why $ORDR
Value accrual is structural, not speculative:
- Fee capture: taker fees flow to the protocol from day one.
- Open flow, not gated flow: every new maker deepens books, tightens spreads, and attracts more taker volume. A flywheel propAMMs structurally can't run because they're closed.
Team Token Unlock
Team tokens (the Performance Package, 12.9M) are locked for an 18-month cliff. After the cliff, the team can trigger a 3-month TWAP evaluation. Tokens unlock in 20% tranches at each price milestone relative to the ICO price of $0.015.
| Tranche | Price Target | Unlocked |
|---|---|---|
| 2x ICO price | $0.030 | 20% |
| 4x ICO price | $0.060 | 40% |
| 8x ICO price | $0.120 | 60% |
| 16x ICO price | $0.240 | 80% |
| 32x ICO price | $0.480 | 100% |
Each tranche unlocks 20% of team tokens. The price target is measured via a 3-month time-weighted average price (TWAP) to prevent short-term manipulation.
Team
Four core Solana engineers who met in a Solana Twitter space and have built together for 2+ years, starting as a study group on SIMDs, validator internals, and DeFi. We write sBPF assembly by hand and contribute to the core validator itself. Across the team have contributed to open source protocols including Agave, Blueshift, Anchor, MagicBlock, Pinocchio, TapeDrive, and Surfpool.
Vinaya, CEO & Co-Founder 4+ years in Software Engineering and 2+ years on Solana. Writes sBPF assembly for machine level optimization. Contributor to Blueshift and Agave. Arcium fellow, top of class in the Solana Foundation x Rektoff Rust Security program, Superteam member.
Avhi, CTO & Co-Founder 2+ years on Solana. Contributor to Agave, Blueshift, Anchor, MagicBlock. Built a transaction scheduler, a C implementation of Turbine shredding, and kernel-level systems code. Won the global Solana Privacy Hack. Superteam member, multiple grant winner.
Manu, CIO & Co-Founder Shipped a Solana client extension merged into Surfpool with mentions from the Solana Foundation and Turbin3. Won the Chainlink Block Magic and Push BRB hackathons. Top auditor from the Rektoff x Solana Foundation Rust Security program.
Arjun, COO & Co-Founder 4 years in software, 2+ on Solana. Contributor to Agave, MagicBlock, Blueshift, TapeDrive. Built lotry.fun ($50K+ volume), won 11+ hackathons. Created Chio (60+ stars) and solana-program-list (90+ stars). Solana Summer Fellowship 2024, Arcium Fellowship 2025 (top 3, grant). Master's in CS with AI/ML.
Raise history
How the raise closed
- Raise price
- $0.015
- what every backer paid
- Valuation at the raise
- $387,
000 - the raise price times every token
Since the raise
Team tokens locked until Jan 31, 2028, then 2,580,000 ORDR at each rung
High $0.0245 on Jul 31
- 32x$0.482,580,000 ORDR
- 16x$0.242,580,000 ORDR
- 8x$0.122,580,000 ORDR
- 4x$0.062,580,000 ORDR
- 2x$0.032,580,000 ORDR
- 1x$0.015Raise price
Who holds the supply
10,000,000 of 25,800,000 ORDR went to backers, 2,900,000 to trading liquidity. 12,900,000 are the team's, locked.
- Backers 38.8%· 10.0M
- Trading liquidity 11.2%· 2.9M
- Team, locked 50.0%· 12.9M
Health
Runway at the limit
- Runway
- 6 months
- if the team draws its full $15,000 limit each month
Treasury
$96,984 in the treasury
- USDC, cash$96,984 100.0%
Spending rules
- Monthly limit
- $15,000
- Above it, a market decides
- Who can draw it
- 4 wallets
Decisions
Loading decisions…
Backers
- Backers
- 293
- at close
- Average
- $31,695
- per backer at close
- Middle backer
- $4,999
- 49% put in more
- Largest wallet
- 3.2%
- of the total
Each square matches that backer's colour in the bar above.
- $300,0003.2%
- $253,6532.7%
- $250,0042.7%
- $249,9992.7%
- $210,0002.3%
- $201,0002.2%
- $200,5322.2%
- $200,0002.2%
- $200,0002.2%
- $200,0002.2%
Browse other funded raises or open the company on MetaDAO.
Raise terms
By contributing to the fundraise for tokens ("Tokens"), you acknowledge and agree to the Backable Terms of Service. Without limiting the foregoing, you also acknowledge and agree to all of the following information, terms and conditions:
The above descriptions, terms, and other content were created, determined, and supplied exclusively by prospective project contributors related to the ICO and are being republished on Backable for convenience of reference only, as third-party content. Backable is a technology platform being used by the prospective project contributors, and the owners and operators of Backable and their respective affiliates are not the persons creating, endorsing, sponsoring, or discretionarily operating the ICO. Backable and its owners and operators and their respective affiliates assume no (and by participating in the ICO or otherwise using Backable, you agree that they shall not have any) responsibility or liability for the accuracy or completeness of the above descriptions, terms and other content, or any other representations, statements, opinions, projections, terms, or information made by or on behalf of the prospective project contributors in connection with the ICO.
The following terms and conditions apply between you, on the one hand, and, on the other hand, both the owners and operators (and their affiliates) of Backable or MetaDAO and the prospective ICO project contributors and related legal entity(ies) and their respective affiliates:
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No Guarantees. The Tokens are provided on an "as-is" and "as-available" basis. Participation in the fundraise does not come with any guarantees, promises, or assurances of any kind, including, but not limited to, financial return, performance, future utility, or access to any platform, product, or service.
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Not an Offer of Securities. The Tokens do not represent a security, equity, loan, or ownership interest in any entity or project. Participation in this fundraise is not intended to be, and shall not be construed as, an offering of securities, nor does it constitute an offer or solicitation in any jurisdiction where such activity is unlawful. You are responsible to refrain from participation in the ICO if your jurisdiction does not permit such participation.
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Final Sale, Except As The Program Provides. Except for the amounts the escrow program itself makes claimable as described in paragraph 7, contributions made as part of the fundraise are final. No party has the discretion to refund you, and you will not be entitled to a refund or compensation on any other basis, including loss of value or inability to use the Tokens. Where the program does make an amount claimable, no party has the discretion to withhold it either.
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No Liability for Losses. To the fullest extent permitted by applicable laws, neither the organizers of this fundraise nor any of their affiliates, agents, advisors, officers, or representatives shall be liable for any direct or indirect loss or damage you may suffer, including without limitation: trading losses, loss of data, revenue, profit, or opportunity; or any errors, delays, or technical failures related to the fundraise or the Tokens.
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Nature of Token MetaDAO Platform ICOs. You acknowledge and agree that the ICO is a transaction entirely by and among ICO participants, in which such participants contribute certain blockchain tokens into the sole control or custody of Solana-based "smart contracts" or "programs" as a method of establishing a decentralized autonomous decision market oriented toward the research, development, promotion and/or utilization of the above-described project. The ensuing market oracle–sometimes also referred to as a type of "DAO"-- is intended to govern both the deposited tokens and aspects of the related project, using "Futarchy". These smart contracts or programs exist independently of Backable or MetaDAO, on the Solana blockchain, and do not have a legal "owner" or "custodian", but instead will be controlled by the market-based governance process embedded in the decision market protocol, as expressed in the code of the smart contracts/programs. The deposited tokens do not represent a capital investment in any legal entity (including the legal entity referred to in the following paragraph) or group of managers or entrepreneurs, and the decision market may revoke funds out of the pool at any time, or may cease using the funds for the currently contemplated project or using them to pay the currently contemplated prospective project contributors, and may instead use them for other purposes, as determined by the decision market oracle aka "DAO." The current prospective project contributors will not immediately own or have any discretionary or managerial control of the deposit pool, and any related services such prospective project contributors provide will be on an independent contractor basis to the community, as determined on an ongoing basis by the decision market oracle aka "DAO." The tokens issued by the program/smart contract in exchange for deposited funds are not initially owned by, and are not being sold or offered by, Backable or MetaDAO or the prospective project contributors or any related entity(ies), but rather are issued by the smart-contract/system itself to enable ongoing functionality of the related decision market oracle aka "DAO". Any funds received from the deposit pool by the current prospective project contributors or future project contributors represent retroactive or prospective compensation for work done or to be done by such project contributors that is approved by the related decision market oracle aka "DAO", on the initiative of, and based on the managerial or entrepreneurial efforts of, participants in that market aka "DAO participants".
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DAO-Adjacent Entity aka BORG. One or more members of the prospective project contributors may have established a particular type of legal entity related to the project. These entities, known as cybernetic organizations, aka 'BORGs", hold intellectual property related to the project and may receive the funds, if any, determined by the decision market oracle to be paid to the prospective project contributors as compensation for work done or to be done related to the project. BORGs contain special rules designed to provide accountability of project contributors to the community, including prohibiting the issuance of equity securities and requirements to consult the decision market oracle (sometimes on a signaling basis, sometimes on a binding basis) for decisions related to their work on the project and the related intellectual property and assets. Many of these entities are "segregated portfolios" of a Cayman Islands entity called Futarchy Governance SPC. Segregated portfolios provide separate layers of assets and liabilities within this entity, and each particular segregated portfolio is managed in the sole discretion of its "Manager(s)", subject to the terms and conditions of Futarchy Governance SPC and the Operating Agreement of that specific segregated portfolio. The ICO does not represent an investment in the SPC or segregated portfolio, and participants in the ICO and holders of the tokens being issued in the ICO do not have any legal rights in or ownership of the SPC or segregated portfolio, and are not owed any fiduciary or other duties by the participants in the SPC or segregated portfolio, but the SPC, in respect of the segregated portfolio, is legally required to abide by certain determinations of the decision market created by the ICO. Please review the project description above to determine the specific legal entity(ies) or other arrangements identified by the prospective project contributors. You hereby acknowledge and agree that you have reviewed, or had the opportunity to review, the information and documents presented or linked to from that description and acknowledge, consent to and accept the risks of all related legal entities and arrangements.
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Understanding the Mechanism. This is an onchain fundraising mechanism with a fixed token supply and a stated funding goal. Commitments are not capped, but the amount the project receives is: everything committed above the goal remains the property of the participant who committed it. If the funding goal is not reached by close, every participant may reclaim the whole of their contribution. If the goal is exceeded, each participant may reclaim whatever part of their contribution did not convert into Tokens. These amounts are claimed, not sent. They are released by the program when you submit a claim transaction from the wallet that made the contribution. Nobody can approve, condition, delay or refuse that claim, there is no deadline for making it, and equally nobody can make it on your behalf. The same is true of the Tokens themselves in a funded raise. By participating, you confirm that you understand the program and have reviewed the relevant documentation available at https://docs.metadao.fi.
By contributing or attempting to contribute to the fundraise for Tokens, you confirm that you have read, understood, and accepted the terms above.