How Launch On Base works

Every token mints exactly 1B units. 800M of them sit on a bonding curve — a formula that quotes a price from how much has been sold so far, rather than from a pool someone had to fund. Buying moves the price up along the curve; selling moves it back down the same path.

The curve is a constant product over virtual reserves: it behaves like a Uniswap pair seeded with 0.0003 ETH that nobody actually deposited. That is what gives a brand-new token a real, continuous price on its very first wei of volume.

Because the reserve is virtual, the curve always holds less ETH than its price implies. That gap is settled at graduation — by burning tokens, not by anyone topping it up.

When all 800M curve tokens are sold — about 0.001 ETH raised — the token graduates automatically, inside the same transaction as the buy that filled it. There is no button, no team action, and no window during which the raise sits somewhere waiting to be moved.

The ETH raised, minus a 1.5% fee, opens a Uniswap V4 pool at exactly the price the curve closed at, so the first pool trade happens at the same price as the last curve trade. The tokens the pool cannot absorb at that price are burned, permanently reducing supply.

The position is held by a contract with no function that removes liquidity. Not a timelock that expires, not a multisig that promises — there is no code path to withdraw it. The only liquidity operation the contract can perform is collecting fees.

Creator earnings accumulate on chain and are claimed from your portfolio page whenever you want them. Nothing is ever pushed to your address automatically, because a push that reverts would break somebody else's trade.

Migrations are public and predictable, so bots race to buy the first block of a new pool. Rather than pretend otherwise, the pool charges a 5% fee at the moment it opens, decaying to 1% over 10 minutes. Sniping still works — it just pays for itself, and the payment goes to the locked position, which means to the creator and the protocol rather than to whoever won the race.

Locked liquidity and a fixed supply remove specific failure modes: nobody can pull the pool, mint more tokens, tax your transfers, or freeze your balance. That is all they do.

A creator can still sell everything they hold. A token can still go to zero, and most do. Anyone can launch anything here, including a token that impersonates a real project. Check the contract address you are trading, treat the name and picture as decoration, and never spend money you need.