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Every launch starts with its own automatic pricing curve. There is no order book. Buys move the price up; sells move it down. The factory sizes the curve in dollars, then converts that depth into the chosen currency using the oracle. A yen launch and a rupee launch therefore start with comparable dollar liquidity even though their token amounts differ.

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The launch configuration

  • 1,000,000,000 tokens are minted once.
  • 750,000,000 are sold on the curve.
  • 250,000,000 are reserved for the final liquidity pool.
  • Every buy and sell pays a 1% fee: 30% to the creator and 70% to the protocol.
Virtual reserves give the curve an opening price without requiring an initial deposit. They are pricing parameters, not withdrawable funds.

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Graduation

When the curve reaches its target, the final buy closes it. The remaining reserve and the reserved tokens seed a full-range Uniswap v4 position at the final price. The liquidity locker owns that position and cannot remove the liquidity. Set a minimum received amount on every trade. Because your trade changes the price, the transaction reverts if execution falls below your limit.