Learn

The whole thing, played out.

Ten sections, most of them things you can move. Every number comes off the factory this site is pointed at, and every step described here is a transaction on chain.

In one picture

the whole system, before any words

Every trade pays 1% to 3%, the launcher's pick, and 80% of it goes to the people holding the token, or to its creator if the launcher chose that. Transfers pay nothing.

Locked tokens earn the same as loose ones. Locking is optional, and the lock lives inside the token, not in some other contract that would collect the rewards instead of you.

Graduation is one transaction. The buy that finishes the curve opens the Uniswap pool and locks its liquidity, with nothing to migrate and nobody to trust in between.

Move through it step by step just below.

A token's life, step by step

six moves, launch to graduation
step 1 of 6

The launch

The token is created and its entire supply, 1 billion of it, goes straight to a bonding curve. Nobody holds a pre-mint, not even us. The launcher has picked the fee and who earns 80% of it, both frozen for good. If the creator took an allocation (optional, up to 30%), it was bought on that curve inside the same transaction, before anyone else could trade, and locked only if the creator chose to lock it.

COMET1.68 ETHmarket cap
0 ETH of 4.2 ETH raised0%
you18%—
team (locked)locked30%—
everyone else52%—

Supply minted once, straight onto the curve. This example's team bought its allocation in the launch transaction and chose to lock it.

Get set up

two minutes, once
  1. Install a browser wallet: MetaMask, Rabby, anything injected. When you press Connect wallet, the site offers to add Robinhood Chain Testnet if you do not have it.
  2. Fund it with ETH. Gas here costs a fraction of a cent, so a small balance goes a long way; you just need enough for whatever you plan to buy.
  3. Nothing is custodial at any point. This site holds no keys and no funds, and every action is a transaction you sign yourself.

Launch a token

one transaction, 0.0005 ETH plus gas

Go to Launch. A name and a symbol are required; a logo and description are not. You pick the trade fee, 1% to 3%, and who earns 80% of it: the holders or you. Both are frozen for good. When you sign, three things happen at once:

  1. The token is created and its whole supply goes to its bonding curve. Nobody holds a pre-mint.
  2. If you took an allocation, up to 30%, it is bought on that curve before anyone else can trade, with no snipe tax. Locking it is optional: no lock sends it to your wallet, a lock runs at least 30 days and keeps earning holder rewards when the launch rewards holders.
  3. Trading opens immediately, at a market cap of about 1.68 ETH. In the first second, fee plus snipe tax take 99% of a buy, decaying to zero over 3 seconds; the tax goes to the buyback.

A launch cannot be edited or undone. Name, symbol, supply, fee, reward choice, split and graduation target are fixed from that block on, for you as much as for everyone else.

One fee, split three ways

move the size and watch where it lands

Every trade pays 1% to 3% of its ETH leg, whatever the launcher picked: buy or sell, on the curve and later on the pool. Transfers pay nothing, and there are no other fees: no graduation cut, no spread hidden in the price. Of each fee, 80% goes to the holders or the creator, 12% buys back and burns the platform's main token, and 8% goes to the team.

Trade size
Launcher's fee
0.1 ETH traded→0.001 ETH fee (1%)→0.099 ETH reaches the curve or pool
80%
12%
8%
Holders or creator
0.0008 ETH0.0008 ETHthe launcher's pick, all or nothing: holders, in ETH streamed over 60 minutes, or the creator
Buyback
0.00012 ETH0.00012 ETHbuys the platform's main token and burns it
Team
0.0₄8 ETH0.0₄8 ETHkeeps the lights on

What holding actually pays

your slice of the fees, per day

On a launch that rewards holders, they take 80% of every fee, in ETH. On a launch whose launcher picked the creator instead, holders earn nothing from fees, and the token's page says which. It is not distributed in a lump: it streams over the 60 minutes after each trade, and every share earns for the seconds it existed, locked or not. Claiming is a pull: the ETH waits for you and nothing expires.

Your share, per day0.0032 ETH
fees paid that day, at 1%
0.2 ETH
the holders’ slice
0.16 ETH
over a month
0.096 ETH
Locked herethe lock lives inside the token0.0032 ETH/day
Locked anywhere elsethe locker holds the tokens, so it collects the rewards0

Same bag, same lock. On a launch that rewards holders, locking costs nothing in rewards here, which is why a team can lock and still be paid.

Rough arithmetic, not a promise: volume is whatever the token actually does, the fee is the lowest a launcher can pick (1%, up to 3%), and your slice moves as supply changes hands. Rewards accrue per second across a 60-minute stream, so a position opened and closed inside one block earns close to nothing.

The lock that keeps earning

optional: cliff, linear, or never

Locking is optional, for a launch's allocation and for anyone else. A lock moves tokens into the token contract and keeps counting them for whoever it belongs to. It is public on chain, the beneficiary can hand it to a multisig without unlocking anything, and nobody can release it early, not the team and not us.

nothing moves, then all of it on one date

rewards collected30% releasedmonth 12launch

30% of supply is out of circulation until month 12, and then all at once, and on a launch that rewards holders it earns its share of every trade the entire time.

Graduation

at 4.2 ETH raised

When the curve sells out, the token graduates inside that same transaction: its reserves open a Uniswap V4 pool at the curve's final price, and that liquidity is locked forever. There is no function anywhere that can take it out.

Some supply is burned at that moment, deliberately: it keeps the pool's opening price identical to the curve's last price, so the buyer who finished the curve is not instantly underwater. The same fee and split then apply on the pool; its fees collect in the hook until flushFees pays them out, which anyone can call and a keeper does regularly.

Read a token before you buy it

four things, in this order
  • Locked supply. How much, and until when. A large lock that unlocks tomorrow is not a lock.
  • Top ten holders. High concentration means a handful of wallets can move the price whenever they feel like it.
  • Progress and liquidity. A token near graduation is far thicker than one that started an hour ago.
  • Trade flow. Real buys and sells from different addresses, or one wallet trading with itself?

None of this makes a memecoin a good investment. The protocol removes specific risks (hidden mints, pulled liquidity, changed rules) and leaves every other risk exactly where it was.

Good to know

the questions that come up first

Neither. Any browser wallet works, and everything happens on one chain, and the site offers to add it when you connect.

Want the reference instead of the walkthrough? Docs → · Ready? Launch a token →