Unlisted does not issue tokens. Every pre-IPO token it buys is issued on Solana by a third party, today PreStocks and Tessera, and checked on chain before the first buy. Everything below is read from their mints and from Jupiter, and refreshes every hour.
Before any buy, a token must have supply, be transferable, open new accounts unfrozen, run no transfer hook program, and charge a transfer fee of at most 5%. A PreStocks token must also be a Token-2022 mint whose authorities are PreStocks’ issuer wallet, with its metadata served from prestocks.com.
Every hour a watcher checks the paused tokens and the issuers’ wallets for new mints. A token it finds goes through the same checks, and an admin links it to its company. The full rules are in the Docs.
