What the Runway Is

We call it a runway because the reserve grows as tokens are collected, and tokens can always land back.

There is no bonding curve. The price does not change with supply. It is always 1 lamport per raw unit — forever. Whether 1 token has been collected or all 10 million, the price is the same.

The runway fills as people collect. When it is full, 100 SOL sits in the reserve. Anyone holding tokens can release them back at the same price, at any time.

What the runway is not: a liquidity pool. A AMM. A guarantee of value. External markets may trade these tokens at any price. The runway only governs the on-chain collect and release mechanism.