The Afterglow
Book.

Most tokens don't end with a bang. The creator moves on, the chart drifts down, and one day nobody trades it at all. The pool still exists. The holders still exist. There's just no one left to start the next chapter.

When someone does try to restart it, they usually launch a brand-new token and invite everyone to buy in again. The people who held through the fall get nothing, and they're asked to pay a second time.

A revival changes that. Switch between the two below to see who gets tokens, and when.

Anyone can start a revival for a token that's resting. They give the new token its own name and ticker, fixed forever, and choose how much of it goes to the old token's holders: somewhere between 10% and 50% of a fixed one billion supply.

That share is split in proportion to what each wallet held when the revival was created. Hold 1% of the old token, claim 1% of the holders' share. The reviver can keep up to 5%. The rest goes to the market: 20% becomes liquidity in the graduated pool, locked forever, and the remainder is sold on a bonding curve that anyone can buy from the moment it launches.

When the curve has raised 85 SOL, the token graduates to a regular Meteora pool. Only then do claims open. The holders' share moves to Afterglow's claims vault, and each holder can claim during the claim window: 30, 60 or 90 days from graduation. Afterglow pays the network fee. If you've never held the new token, your claim also pays its small account deposit, about 0.002 SOL. If the curve never fills, nothing graduates and there is nothing to claim.

A revival rewards patience, which makes it a target for people who have none. The rules are there so the believers are the ones who benefit.

Only resting tokens qualify: down 90% or more, with under $250 of daily trading. Every revival needs its own name, so nobody can pose as the original team. A reviver keeps 5% at most, locked until 6 months after the curve fills. If it never fills, that share never unlocks. And most importantly, holders are counted when the revival is created. The revival is only listed once that count is done.

Tokens held by programs, such as pools, multisig vaults and lock contracts, aren't counted, and neither are burn addresses. Their part of the holders' share goes to the wallets that are counted.

Unclaimed tokens don't disappear into anyone's pocket. The claim window opens when the token graduates, and when it closes, whatever is left is burned on-chain: the supply shrinks, so everyone still holding owns a little more of it.

What's fixed on-chain, and what Afterglow runs. The supply, the name, the reviver's lock, the locked liquidity, and the rule that the holders' share can only go to the claims vault are all written into the token when it launches. The vault itself is run by Afterglow, not by an on-chain program: it holds the holders' share, pays out each claim, and burns what's left.

Trading has a fee. Buying or selling on the curve costs 5% at launch, easing to 1% over the first 10 minutes, plus a small extra fee when trading is volatile. After Meteora's share, half goes to the reviver and half to Afterglow. After graduation, the Meteora pool charges 1%.