Terms and disclosures

Funds committed through this platform that nobody claims or acts on for 90 days are retained by us. After that we can redeploy them, including by buying back a token when holders vote for it.

A passing buyback vote authorises that; it does not move anything by itself. We execute buybacks by hand and no contract compels us to. If that is not acceptable, do not commit funds here.

A creator tax applies to trades. On a Uniswap v3 launch, the sell tax only applies to sells routed through this app. Sells through Uniswap directly, through an aggregator, or through any other router pay nothing, and holder dividends funded by that tax are reduced accordingly. Choose the v2 or hook-based venue if you need the tax on every route. A bonding curve on a chain whose graduation venue is v2 becomes a v2 token the moment it graduates, and everything below then applies to it.

On a v2 / PancakeSwap launch the tax is charged by the token on every transfer into and out of the pair. That is what makes it apply to every route, and it has a consequence that is easy to read as a broken app: a sell sent through a router's plain swapExactTokensForTokens reverts instead of paying the tax. Sells have to go through swapExactTokensForTokensSupportingFeeOnTransferTokens, which is what this app uses and what most aggregators offer as an option rather than a default. Buys are unaffected. Nobody can switch this off: it is a property of every transfer-taxed token on a v2 pair.

The same tax applies to liquidity. That includes adding and removing liquidity. Adding liquidity to a taxed token mints you fewer LP tokens than the amounts you sent are worth - about 2% fewer at a 2% tax - and the difference goes to the liquidity providers already there. Removing liquidity pays out the token side net of the same rate. Neither reverts and neither warns you first, and we cannot switch it off for one leg.

A v2 / PancakeSwap pair is a shared pool. Anyone can add liquidity to it, including before a launch graduates into it. Burning or locking the LP puts the launch's own liquidity beyond reach - all of it, always - but says nothing about liquidity somebody else put in, which stays theirs and can be withdrawn at any time. A launch whose venue was co-funded that way can therefore see its pool shrink without anybody breaking a lock. The graduation contract publishes the exact split.

We take a platform fee per trade. Network gas is yours and is not refundable, including when a transaction reverts.

When a graduation into a v2 pair ends holding more quote than the fixed graduation ratio can put into the pool - which happens when somebody parked liquidity in the pair at a price nobody chose - that surplus is ours. The pool is funded with the whole raise first; only what is left on top of it, and only quote a third party put into the venue, is taken as platform revenue. It is emitted on-chain with every migration.

If you select a dividend token, holders are paid in that token. Some tokens, including most tokenised real-world assets, restrict who may receive them, and some can freeze individual addresses. A holder who is not permitted to receive that token cannot claim. We do not control that and cannot override it.

Burned is final. The position is sent to an address nobody controls, and nobody, including us, can retrieve it. It is the only disposition that depends on nothing at all.

Locked means our locker holds it for its beneficiary. Releasing it takes no recipient: it pays the beneficiary and nobody else, so we cannot withdraw that LP or send it anywhere, including to ourselves. The one power we keep is the date - we can push the unlock time further out at any time, without the creator's agreement. So the date is ours and the money is not.

The beneficiary is the creator, and only the beneficiary can reassign it. Where a launch had no creator wallet and the platform launched it, the beneficiary is us, and that lock is recorded on-chain as platform custody. Every lock is public at /lock with its amount, unlock date and beneficiary. If you need liquidity that nobody can ever withdraw, the answer is burn, and we say so on the launch form.

Both lockers work this way. A bonding curve that graduates onto a Uniswap-v2 or PancakeSwap pair puts its LP in a second locker under the same rule, and the proof page names which of the two is holding a given position.