Open a window
No coin is created now. It is created when the window closes, and everything the window raised buys its curve in the same transaction.
A buyer needs any one of these.
Below this the window fails and everything goes back. Zero means it launches whatever happens, even with nothing sold.
You get no tokens
Every token on the curve is bought by the people in the window, at prices their place in the queue sets. There is no dev allocation to hand you.
The name and logo are frozen at launch
pump.fun's current path writes the metadata into the mint itself with no update authority at all. Nobody can repair it afterwards, including us.
The deposit key is held by the operator
While the window is open, whoever runs this holds the key to the wallet buyers send to. Each window gets its own. It is still custody, and buyers should know it.