How BELL works.

BELL is same-day stock calls on Solana. Pick a stock, call Up or Down on today's session, and when the closing bell rings, the right side splits the pot. There's no house taking the other side of your call: everyone's calls go into one pot per stock, and the winners split it.

A session

• 9:30 AM ET, the open. Each stock's open is its average price over the session's first minute.
• All session, make your calls. Up or Down, 1 to 1,000 USDC. Calls for the next session open as soon as today's bell rings, so you can call before the market opens too.
• 3:55 PM ET, calls close. Five minutes before the bell, so nobody calls on a price that's already settling.
• 4:00 PM ET, the bell. The close is the average price over the last five minutes. If the close is above the open, Up wins. Below, Down wins. Early-close days end at 1:00 PM.

The payout

Winners split the whole pot, Up and Down together, less a 3% fee, in proportion to what each put in. If you put in a quarter of the winning side, you get a quarter of the pot. Payouts go straight to your wallet in USDC after the bell.

Everyone gets their full call back, with no fee, if one side of a stock has no calls, if the close matches the open exactly, or if a price is missing for the session.

Where prices come from

From tokenized versions of each stock (xStocks) trading against USDC on Solana, like SPYx, NVDAx, TSLAx and AAPLx. Every xStock with enough liquidity to settle fairly is on the board, and thinner ones carry a lower cap per call. The server reads their prices every few seconds through Jupiter, records every sample in the opening and closing windows, and publishes each session's open, close and result on the Results page.

Where the money is

Calls are USDC sent to BELL's vault on Solana, with a memo naming the stock, the side and the session, so every call is public on chain. The vault pays winners and refunds after every close. It's run by BELL's server, not by a smart contract, so you're trusting BELL to pay out. Every call and every payout is a public transaction you can check.

$BELL

The 3% fee from every pot goes to $BELL holders. After each close, the fees are swapped to SOL and sent to the biggest holders, split by bag. Bags under $5 aren't paid, so the fees go to real holders, not dust.

Risks

• A call can lose everything you put in.
• Tokenized stock prices can drift from the real stock, especially when trading on Solana is thin.
• The vault is run by a server. If it goes down, payouts wait until it's back.
• This isn't financial advice, and BELL isn't affiliated with any exchange, fund or listed company.