A launch now begins with trading. The reserve, the payment token and the current market state replace the old timed-presale journey.
Trading begins at creation
The creator chooses the token identity and payment token, reviews the live quote and signs the creation transaction. Casa is optional. There is no free creator or team tranche; an optional Dev Buy is a purchase under normal fee and slippage conditions.
New tokens have a one-billion-unit supply with six decimals. Approximately 80% is allocated to the curve and 20% to migration, before rounding and protocol deductions. These supply percentages are different from ownership of the initial liquidity positions.
- TOKEN SUPPLY
About 80% / 20%
One billion tokens: approximately 800M on the curve and 200M for migration, before rounding and deductions. No free team tranche.
- INITIAL LIQUIDITY
50% creator / 50% Capx
Both initial liquidity positions are permanently locked. Fee rights remain; later liquidity can dilute fee participation.
- CURVE TRADING FEE
0.25% of the trade
Of the collected fee: 20% Meteora, 40% creator, 40% Capx. Collected in the payment token.
These percentages do not give token holders a company ownership right or a right to creator fees. Migration has a separate 0.2% protocol deduction on base and quote.
Reserve progress can move both ways
Buys increase net payment-token reserve after fees. Sells reduce it. CAPX is the default payment token, with a target of 15,000 CAPX net. Eligible graduated Capx tokens can also be used, with a target of 50,000,000 selected-token units. Neither target is a clock or a USD market-cap target.
The curve fee is 0.25%, collected in the payment token. Of that fee, 20% goes to Meteora, 40% to the creator and 40% to Capx. Read the current transaction quote, including minimum received and possible partial fill near the threshold.
- BUY
Reserve increases
Only the net payment-token amount adds to progress. Near completion, the curve may fill only part of an input.
- SELL
Reserve decreases
Selling sends tokens back through the curve. A token can move farther from its graduation target.
- REVIEW
Minimum received
Check the selected mint, payment token, fees, slippage and current route before signing.
Illustration of direction only. No example price or return is implied. Pending migration can temporarily interrupt trading.
Completion and migration are separate states
A completed curve can show migration pending while the graduated pool becomes ready. Once migrated, the same mint trades on DAMM v2; holders do not claim a replacement token. Initial creator and Capx liquidity positions are split equally and permanently locked, while fee rights remain.
Supported successful Launchpad v1 tokens retain their existing Raydium market and external Jupiter route. Those markets keep their history; current launch presets are not retroactive.
the first trade.BUY SELL
Mechanism illustration · no price forecast
Curve complete.
Migration pending.