Multiplexmultiplex
Launchpad

Launching a coin

A fixed supply of 1 billion, 80% of it sold down a bonding curve.

Launching takes under a minute and costs $0.50. You pick a name, a ticker, artwork, and which leveraged stock token your coin trades against.

What gets created

One transaction does all of it:

  • The coin — a fixed supply of 1,000,000,000 tokens, minted once, at launch.
  • The curve — a single-sided Uniswap v3 position holding 80% of that supply, priced in the leveraged stock token you chose.
  • The reserve — the remaining 20%, held back by the launcher to seed the permanent pool when the coin graduates.

You can buy on the same transaction that launches the coin. If you offer more than the curve can absorb, the excess comes back to you rather than being kept.

Fixed supply, no allocation

The supply is minted a single time when the coin is created, and the contract has no mint function afterwards. Not for the team, not for the creator, not for anyone.

There is no team bag, no vesting schedule, and no reserved allocation to sell into buyers later. The 20% held back is not an allocation — it cannot be withdrawn, and its only destination is the graduated pool.

Why coins open at the same price

Every coin opens at roughly the same market cap regardless of which stock token it is paired against or what that token is worth on the day. The curve's opening price is derived from the graduation threshold and the supply on the curve, so the pairing does not change where a coin starts.

Two reasons the price moves

Your coin's price comes out of the curve, denominated in the leveraged token, converted to dollars by what that token is worth:

coin price in USD = (coin price in the leveraged token) × (leveraged token price)

Two consequences follow:

  • Buying moves the price up. Coins leave the curve, the leveraged token enters it. Standard for any pool.
  • The stock moving also moves the price, with no trades at all. If the underlying stock rises, the token the coin is priced in is worth more, and every coin paired against it reprices upward.

That second one is what you do not get from a normal launchpad.

Trading

Buying and selling both settle in ETH or USDG. The conversion into the coin's pairing asset happens inside the same transaction — you never need to hold the leveraged token to trade a coin paired against it.

What happens at the end of the curve?

The coin graduates into permanent pools. Economics covers the threshold, the split, and the fees.