Trading it fills the treasury.
The treasury pays you in stock.

01What it is

A Solana token with a fixed supply of one billion, launched on pump.fun and paired with a tokenized stock rather than SOL. It has two jobs.

It funds the payouts. Every buy and sell of $TESS pays a creator fee, and because of the pair, that fee is paid in the paired stock. It goes to Tessera's treasury, and the treasury pays subscription claims in that same stock.

It raises your rate. Hold $TESS in your wallet and every company on the shelf pays you a higher percentage back. Section 05 has the table.

02What it is not

• Not stock. $TESS is not a share in any company, including the one it is paired with. The stock you are paid in is a separate token, issued by its own issuer on that issuer's terms.
• Not a share of the fees. Holding $TESS does not entitle you to any part of the treasury or the fees that fill it. The fees pay subscription claims, to whoever sends one, and holding $TESS only changes the rate on your own claims.
• Not equity in Tessera. No dividend, no vote, no claim on the company or anything it earns. If Tessera is sold tomorrow, the token gets nothing from it.
• Not a thing we sell you. No sale, no pre-sale, no private round, no team allocation. $TESS was launched on a pump.fun bonding curve, and every token anyone holds was bought, on the curve or in the pool after it.

03How you are paid

Send proof of a subscription you already pay: a photo of the charge on your statement and the line it shows up as. Once it is approved, the company's rate is applied to the charge, the dollar amount is turned into stock at that day's share price, and it is sent from the treasury to your wallet.

It is a fraction of a share, and it is real: a tokenized share backed by the issuer, in a Solana wallet only you hold. Fractions add up, and they are yours to hold or sell.

Each company counts once per account, and every claim is checked before it counts toward anything. The terms say what gets a claim turned down.

04Where the stock comes from

One wallet, published on this page. $TESS was created with pump.fun's creator fee going to it, so every trade in $TESS — on the bonding curve and in the pool after it — adds stock to it, at the fee set at launch. Every payout is a transfer out of it that you can open on Solscan, so what came in and what went out can be counted without asking us.

The treasury only pays what it holds. When claims come in faster than fees, approved claims wait in line, oldest first, and are paid as the treasury fills. Nothing waiting is lost, but we cannot promise when it is paid. If the line keeps growing, rates are cut before it gets long, and we say so here first. We may also top the treasury up ourselves — visible on chain when we do.

pump.fun can send a coin's creator fee to its holders instead. $TESS does not: every fee goes to the treasury, because that is what pays for the stock.

05What holding it does

Your $TESS balance is read when a payout is worked out, and it decides the rate. No staking, no locking, nothing to approve — the tokens sit in your own wallet and you can move them whenever you like.

The boost applies across the whole shelf at once, so it counts on every subscription you run, not just one.

Sell your $TESS and your rate drops back the moment your balance does. It is a rate on what you hold now, not a status you keep.

06Who can be paid in stock

Tokenized stocks come with their issuer's rules about who may hold them, and those rules are not ours to waive. The issuer does not offer the stock to US persons.

So every claim asks you to confirm you may hold it where you live, and we check where the claim was sent from. A claim that cannot be paid in stock is held, not lost: it stays in your account, marked held, and is never sent to somewhere its issuer does not allow.

Holding $TESS has no such rule from us, but pump.fun has its own list of places it does not serve, and it is yours to check.

07Where the supply goes

Where pump.fun puts it, and none of it to us for free.

One billion tokens exist, created in a single step with the mint closed behind them. About 79% is sold on the bonding curve to whoever buys first; the rest is paired with what the curve raised and placed in a pool when the curve completes.

No founder allocation, no team wallet, no advisor tranche, no vesting cliff twelve months out. Any allocation we held for free would be a pile of tokens we could sell, and you would have no way of knowing whether we were about to. Not having one removes the question.

When the curve completes — at around $58,000 of market value, set in units of the paired stock so it moves with that stock's price — pump.fun moves $TESS into a PumpSwap pool and burns the pool's LP tokens. The liquidity cannot be pulled out by anyone, us included.

08Why Solana

It is where the stock is. Tokenized shares live on Solana today, and pump.fun lets a coin be paired with one, which is the only reason trading $TESS can pay for stock at all.

Moving a token on Solana costs a fraction of a cent, which matters when the thing being moved is fifty-four cents of a Netflix bill. The first payout to a new wallet also opens a token account for the stock, which costs a little more; Tessera pays that, not you.

A payout is confirmed in about a second. It works in the wallet you get when you sign in, or in one you already hold — Phantom, Solflare, Backpack — and the stock shows up in all of them.

And it is public. Solscan and every wallet read Solana independently of us, so the supply, the treasury and every payout can be checked by someone who believes nothing on this page, which is the correct way to read a page like this one.

Tessera is built on Solana and launched on pump.fun. It is not made, run or endorsed by the Solana Foundation, by pump.fun, or by the issuer of any stock token.

09What we cannot promise

A token can go to zero, and plenty do. $TESS is worth whatever the market says, and a fixed supply is not a reason for a price to rise. The stock you are paid in moves too: what you are paid is worked out in dollars on the day, and after that it is worth what the share is worth.

The treasury is only as full as trading makes it. A quiet week brings in little, and a dead coin brings in nothing. And because $TESS is paired with a stock token, it carries that token's risks: if the issuer freezes it, or pump.fun stops supporting the pair, pump.fun's own terms say trading in coins paired with it can be paused or stopped — and payouts in that stock would stop with it.

Rates and tiers can change. They are published here and in the terms, and if they move we say so on this page rather than quietly — but a rate that can be raised is a rate that can be cut, and you should read it that way.

Nothing on this page is investment advice, an offer, or a solicitation. We are describing a mechanism, not a return.

10What launch day looks like

Until every one of these is on this page, treat the token as not existing:

1. The mint addresshere and in the site footer, before anywhere else.
2. The pump.fun pageshowing the pair and the creator fee, both fixed from creation.
3. The treasury walletso what comes in and what goes out can be counted without asking us.
4. The first payouts sentin stock, as transactions you can open on Solscan.

Until then there is no mint, so anything calling itself the Tessera token is not it — and on pump.fun, where anyone can launch a coin with any name in seconds, there will be some. Check the mint address against this page. We will never announce one in a direct message, and we will never ask you to send anything to a wallet.

11Questions