Launch a token. Start trading.
Create a token with immediate curve trading against CAPX or an eligible Capx token. Reach the net-reserve target, then continue on Meteora DAMM v2.
Meteora DBC → DAMM v2 / Current mainnet presets
the first trade.BUY SELL
Mechanism illustration · no price forecast
Curve complete.
Migration pending.
A market starts with the launch.
Anyone can create a token. There is no application or Casa prerequisite. Choose the identity and payment token, review the quote and sign the creation transaction. An optional Dev Buy purchases tokens under the same trading rules.
PERMISSIONLESS CREATION / THESISOne mint moves from a bonding curve to a continuing market. The payment token, costs, fees and migration state stay visible along the way.
Follow the market
Choose the pair
CAPX is the default. Eligible graduated Capx tokens, including supported successful legacy launches, can be selected as payment tokens.
Trade on the curve
Meteora DBC supports buys and sells immediately. Net buys increase reserve; sells reduce it. There is no fixed presale window or pro-rata allocation.
Complete the curve
The target is 15,000 CAPX or 50,000,000 eligible payment-token units, excluding fees. A final buy can partially fill at the threshold.
Continue after migration
Curve completion is followed by migration to DAMM v2. Pending migration is a distinct state. The same token mint continues trading without a holder claim.
From curve to continuing market.
One billion tokens. No free creator tranche.
Approximately 80% of supply is allocated to the curve and 20% to migration, with rounding and protocol deductions. A Dev Buy is optional and paid; it is not a separate team allocation.
- Six-decimal base token
- Optional Dev Buy
- Immutable on-chain metadata
Review the live quote before signing.
The reviewed launch estimate is 0.045 SOL, including a 0.03 SOL migration reserve. A first-use custom payment token can require a separate configuration transaction and rent. Network costs and any Dev Buy are shown separately.
- Current quote controls
- Reusable payment-token setup
- Setup persists if launch is cancelled
Locked liquidity can still earn fees.
The 0.25% curve fee is collected in the payment token: 20% of that fee goes to Meteora, 40% to the creator and 40% to Capx. Initial migrated liquidity is split equally between creator and Capx, with both positions permanently locked.
- Fee rights are separate from principal
- Later liquidity can dilute fee participation
- No token-holder fee entitlement
A new venue for the same mint.
Migration has a 0.2% protocol deduction on base and quote. The reviewed DAMM v2 fee schedule starts at 0.10% and falls to a 0.01% floor with a one-second expiration setting. Check the live quote for the fee that applies.
- No extra Capx migration fee in the current preset
- Migration timing can vary
- Dynamic fees disabled in the reviewed preset
Connect the work behind the token.
Use Connect Casa on the token page to obtain a bind code. Redeem it with the Casa integration in the company project. Terminal can then show the published company face and operating record beside the market.
- Casa remains optional
- Binding does not trigger graduation
- Tokenless companies are supported
Read the boundaries
Know the denomination
Reserve, price and fees use the selected payment token. A token-unit target is not a USD target.
Inspect the transaction
A signed intent message and a wallet transaction have different effects. Read the amount, minimum received and wallet instructions.
Keep legacy markets distinct
Supported v1 tokens retain their Raydium CLMM markets and external Jupiter route.
Separate market and company
A token does not grant company equity or a claim to creator fees. Published company material keeps its source labels.
What launching on Capx does and does not mean.
01Do I need CAPX to launch?+
CAPX is the default payment token. You can also choose an eligible graduated Capx token. You need SOL for creation and network costs; a Dev Buy requires the selected payment token.
02When can people trade?+
Trading starts on the DBC curve after successful creation. At curve completion, a migration-pending period can occur before the DAMM v2 market is ready.
03Can the creator remove initial pool liquidity?+
Both initial creator and Capx liquidity positions are permanently locked. Fee rights remain, and other users can add separate liquidity later.
04Can I claim creator fees in Launchpad?+
The current public interface has no creator-fee claim dashboard. Fee rights and the presence of an interface to claim them are separate things.
05What happened to existing launches?+
Supported successful Launchpad v1 markets keep their legacy identity and Raydium route. New launch presets do not change their original economics.
Create a token. Inspect a market.
Open the production Launchpad to review a launch quote or trade an existing token.