Every serious market has a bell. Now yours does.
A public offering for a memecoin. The market puts up real ETH against a token that does not exist yet — and you can take every wei of it back until the bell rings.
Illustrative The contract is not deployed, so these books are a labelled fixture — the same one the app runs on. Every figure switches to a live read the moment one is live. Nothing here can be signed and nothing has taken anybody's money.
Launching a token is a coin flip you pay for in advance.
Somebody picks a launch size out of the air, mints, and hopes. Guess low and it sells out in a block to four bots. Guess high and it sits there dead. Either way the people who showed up early carry the risk and keep none of the upside.
Guess, mint, hope.
- ✕The size is picked before anybody has voted with money. The market never gets asked.
- ✕The token exists from block one, so there is something to rug from the second it does.
- ✕Early buyers take the risk and get the same deal as somebody who arrived an hour late — or worse.
- ✕Once you are in, you are in. The only exit is selling into whoever is left.
- ✕Trading fees go to the launchpad and the deployer. Nothing comes back to the people who funded it.
Ask first, then mint.
- ✓The size is whatever the market actually put up. You find out before a single token exists.
- ✓Nothing is minted until the bell. There is nothing to rug because there is nothing there.
- ✓Rounds are weighted. Early money gets a larger share of the same bag, not a secret price.
- ✓One button returns everything you put in, fee included, until ten minutes before the deadline.
- ✓Half of every trading fee after the listing is split back to the people who subscribed.
Watch one work.
A real offering from the market, replayed. Scroll and it fills the way it actually filled.
The book opens
An issuer commits the token — name, ticker, art — and the contract publishes that commitment. None of it can be edited afterwards.
Round one takes the risk
The first money in is weighted ×1.50. Not a lower price — a larger share of whatever the book ends up raising.
The rounds step down
×1.25, then ×1.00. Later money still fills the book; it just stops being paid for showing up first.
You can leave, until you cannot
Withdraw everything, the 0.5% fee included, until ten minutes before the deadline. Then it freezes, so nobody can hold the whole book and vanish a block before the bell.
Every serious market has a bell.
Nobody ever rang one for a dog in a hat.
Until now.
Where every trading fee actually goes.
Every competitor quotes you the gross. Here is the whole path, with the part nobody mentions taken out in front of you.
A trade happens. The pool charges its fee, in ETH.
The rest is split, and only the rest. Any dividend modelled from the raw numbers is roughly 43% too generous — which is why it is drawn here instead of buried in a footnote.
Four numbers. There are no others.
None of them can change after a book opens.
| When | How much | Who pays it, and why |
|---|---|---|
| Opening a book | 0.002 ETH | The issuer, once. Flat, so a large book does not cost more than a small one. |
| Subscribing | 0.5% | Held, not taken. Withdraw before the bell and it comes back with the rest of your money. |
| At the listing | 1% | Of the raise, once, when the bell rings. Nothing is charged if it never does. |
| Trading fees, after | 50 / 40 / 10 | Of the 70% above — half to the people who subscribed, 40% to the issuer, 10% here. |
Three things worth knowing before you put money in.
- The launchpad takes 30% of every trading fee before this contract sees a wei of it. The split above divides what is left, not the gross.
- Books are capped at 4 ETH for now. Above roughly 4.24 ETH the token graduates inside the listing transaction itself, and that path has not been proven end to end yet. It stays capped until it has been.
- Nothing is deployed. Four audit rounds are done and the whole lifecycle passes in simulation against the real chain, but no offering can take anybody's money until it is live and rehearsed with real ETH.
Find out what it is worth before you mint it.
No sign-up. Connect a wallet only when you subscribe.