Learn

The whole thing, played out.

Ten sections, and you can play with most of them. The numbers are the platform's own terms, and every step here is a real transaction on Solana.

In one picture

the whole system at a glance

Every transfer pays a fee of 1% to 3%, set by whoever launched the token. That's trades and wallet-to-wallet sends alike. 80% of it goes to the people holding the token, or to the creator if the launcher picked that instead.

Holders get paid every 24 hours, in the launch's pair asset, straight to their wallets. Your cut follows your balance and how long you held it during the period.

Locked tokens earn the same as loose ones. Anyone can lock their own tokens, the creator included, and they still count for their owner at every payout.

The step-by-step version is right below.

A token's life, step by step

six steps, from launch to graduation
step 1 of 6

The launch

One transaction creates the token, its bonding curve on Raydium LaunchLab, and its rewards market in our program. All 1 billion tokens are minted once and the mint authority is gone, so nobody can make more. The launcher has picked a transfer fee (1% to 3%) and who gets 80% of it. Neither can change. The creator can buy first, up to 30% of supply, at the opening price, and lock part or all of it.

COMET30 SOLmarket cap
Fees pay
graduationprice
0 SOL of 85 SOL raised0%
you18%—
creator (locked)locked10%—
everyone else72%—

All supply minted once and put on the curve. In this example the creator bought 10% at launch and locked it.

Get set up

takes two minutes, once
  1. Install a Solana wallet like Phantom, Solflare or Backpack, then press Connect wallet.
  2. Put some SOL in it. A transaction costs a fraction of a cent, so you only need enough for what you plan to buy.
  3. We never hold your funds. The site has no keys and no balances, and you sign every transaction yourself.

Launch a token

one transaction, no launch fee from us

Go to Launch. You need a name and a symbol; the logo and description are optional. You also pick the transfer fee (1% to 3%) and who gets 80% of it, the holders or you. Neither can be changed later. You pay Solana's network fee and the rent for the new accounts. When you sign, all of this happens in the same transaction:

  1. The token is created on Raydium LaunchLab, and its supply goes onto its bonding curve. The mint authority is dropped, so no more can ever be minted.
  2. If you want a first buy (up to 30% of supply), it's made on the curve right there, at the opening price and before anyone else can trade. Those tokens go to your wallet.
  3. The token is registered in our rewards program, which is the only thing allowed to collect its fee. Trading opens right away at a market cap of about 30 SOL.

To lock part or all of your first buy, pick a length and a share before you launch. Your wallet asks for a second signature right after the launch, and the lock shows on the token's page.

You can't edit or undo a launch. Once it's confirmed, the supply, fee, reward choice and split are fixed, for you too.

One fee, split three ways

change the amount and see where it goes

Every transfer of the token pays the launcher's fee (1% to 3%), held back in tokens from what arrives. Buys, sells, sends to a friend and deposits to an exchange all pay it, before and after graduation. Our program collects those tokens and a keeper sells them for the pair asset. Each fee then splits like this: 80% to the holders or the creator, 12% to buybacks, and 8% to the team. We don't take anything else on trades. Raydium charges its own 0.25% on curve trades and pool swaps.

Tokens moved, worth
Launcher's fee
1 SOL of tokens sent→0.01 SOL withheld (1%)→0.99 SOL arrives
80%
12%
8%
Holders or creator
0.008 SOLthe launcher picks one: holders (paid every 24 hours, in the pair asset) or the creator
Buyback
0.0012 SOLbuys back and burns ORBIT, the platform's token
Team
0.0008 SOLkeeps the lights on

What holding pays

your slice of the fees, per day

If a launch rewards holders, they get 80% of every fee, paid in the launch's pair asset (SOL, for a SOL pair). If the launcher picked the creator instead, holders get nothing from fees. The token's page tells you which one it is. Payouts go out every 24 hours, straight to your wallet. Your share is your balance weighted by how long you held it in that period, locked tokens included, so buying just before a payout and selling right after earns about nothing.

The launch pays holders
The launcher picks this at launch and can't change it. 80% of every fee goes to one or the other.
Your payout, per day0.0032 SOL
fees taken that day, at 1%
0.2 SOL
the holders’ slice
0.16 SOL
over a month
0.096 SOL
Held all 24 hoursthe full share for this bag0.0032 SOL
Bought an hour before paydaysame bag, one hour of the period0.000133 SOL

Buying right before the payout and selling right after earns almost nothing. The rest goes to the people who held through the period.

This is a rough estimate. Real volume depends on the token, the fee here is the lowest a launcher can pick (1%, up to 3%), and the fee is worth whatever the keeper gets when it sells it. Payouts go out every 24 hours in the pair asset. A share under 0.0001 SOL (0.01 SOL if you'd need a new token account for the pair asset) waits and gets added to your next one.

The lock that keeps earning

optional · your own tokens · 4 hours to 5 years

Any holder can lock their own tokens, the creator included: on the token's page, open Lock and pick an amount and a length. The tokens leave your wallet for a lock only you can open, and they all come back at once on the date. While they're locked they still count for you at every payout. You can add more or push the date later, never earlier, and nobody can open a lock early, including you and us.

your own tokens, all back at once on the date

rewards collectedback in your walletmonth 6lock

20M (2.00%) stays locked for 6 months, then all of it comes back to your wallet at once. If the launch rewards holders, it counts for you at every payout the whole time.

Graduation

at 85 SOL raised

When the curve has raised its target, it stops trading and Raydium moves its reserves into a CPMM pool at about the curve's last price, around 440.83 SOL of market cap. Raydium runs that migration, so there can be a short wait between the last curve buy and the pool opening.

The pool's liquidity is locked: nobody can withdraw it, and the platform holds the rights to its LP fees. The token's fee keeps coming off every transfer, so holders keep getting paid the same way.

Read a token before you buy it

four things to look at
  • Fee and who it pays. The token page shows the rate and whether the 80% goes to holders or to the creator. On a creator launch, holding pays nothing from fees.
  • Top ten holders. If a few wallets hold most of the supply, they can move the price whenever they want. Locked tokens can't be sold until their date; the page shows how much is locked and until when.
  • Progress and liquidity. A token close to graduation has much deeper liquidity than one that launched an hour ago.
  • Trade flow. Are the buys and sells coming from lots of addresses, or is one wallet trading with itself?

None of this makes a memecoin a good investment. The protocol rules out a few specific risks, like hidden mints, pulled liquidity or a fee that changes after launch. Every other risk is still there.

Good to know

the questions people ask first

You need a Solana wallet, like Phantom, Solflare or Backpack. No bridge: everything happens on Solana.

The full reference is in the Docs → · Launch a token →