HOW IT WORKS

01The short version

You pick a company. You launch a coin against it. The coin gets a target price worked out from what that company is worth, and the market trades above or below it.

Underneath, the coin is an ordinary fair launch: the entire supply goes onto a bonding curve you can trade from the first block, and once the curve sells out it moves into a Uniswap v4 pool whose liquidity is locked forever.

02What the pairing is

The pairing is the company your coin is matched with, chosen once at launch and shown beside the coin everywhere it appears. It is what gives the coin its target price, and it is the only thing about a launch you choose that carries any arithmetic.

Holding a coin gives you no shares, no revenue, no assets, no vote and no dividend. The company has no relationship with the coin, has not endorsed it, and owes nothing to anyone who buys it. Two coins can pair with the same company; nothing is reserved, and going first earns you nothing.

03The peg

This is the part that makes the company mean something. Every coin has a target price, and it comes from the company's market capitalisation:

The peg ratio is a single fixed number, the same for every coin here. It exists for a practical reason: a company worth five trillion dollars, divided across a billion coins, would imply a price nobody could trade in any sensible size. The ratio scales it into a usable range while preserving the relationship. If the company doubles in value, the target doubles too.

Because the ratio is shared, the company you pick sets how high the bar is. Pairing with the largest company on the list gives your coin a target far above what it would reach at graduation. Pairing with one of the smaller names sets a target the coin can pass while it is still on the curve.

The gap between where a coin actually trades and where its target sits is the premium. Above zero means the coin is richer than the company it tracks; below zero means it is cheaper. Both are shown on every coin's page.

04The bonding curve

A bonding curve is a vending machine. It holds the entire supply from the moment the coin exists and it will always sell to you and always buy back from you. Nobody sets the price and there is no order book: the price is worked out from how much of the supply has already been sold.

That is why a coin can be traded in its very first block with nobody providing liquidity, and why buying early costs less than buying late. It is also why nobody, including the creator, holds a pile of coins set aside before trading opened. Everything is minted to the curve.

That held-back share is decided when the coin is created and nobody can change it, so there is no moment where a creator quietly provides less liquidity than expected.

05Graduation

When the curve has sold everything it was ever going to sell, the coin graduates. Every bit of ETH the curve collected, plus the supply that was held back, seeds a Uniswap v4 pool, and that liquidity position is locked permanently. There is no timelock that expires and no wallet that can withdraw it.

If your purchase is larger than what is left on the curve, you are not rejected. You buy what remains, you are charged only for what you actually received, and the difference is returned in the same transaction.

06Fees

Fees are always charged in ETH, never in the coin itself, so you are never handed a bill denominated in the thing you were trying to sell. The creator fee is the same 2% on every coin here. It is not a setting, because a per-launch choice only ever produced coins that were quietly worse to trade than their neighbours.

07Where the creator fee goes

The 2% creator fee on every coin is written into its launch transaction as the fee recipient, and it points at one address: our treasury. It is how the platform is funded, the same way any launchpad takes a cut of the volume it hosts.

The recipient can only be set when a coin is created and can never be changed afterwards, so what a coin pays and where it pays it are fixed for its whole life and visible on chain from the moment it exists.

Fees earned before graduation sit on the curve rather than being claimable, and are released when the coin graduates. So a young coin can have genuinely earned fees that nothing can collect yet.

08The hundred

The 100 largest Nasdaq-listed companies by market capitalisation, rebuilt on a schedule. It is built rather than licensed: the list of Nasdaq-listed companies comes from public market data, is filtered down to operating companies, and is ranked by size.

The ranking is rebuilt on a schedule, so it reflects what companies are actually worth rather than what they were worth when the list was assembled. A coin is paired with a company, not with a rank, so reshuffling the order changes nothing about any existing coin — though it does move that coin's target, because the target follows the company's market cap.

09Contracts

Everything runs on the pons v2 contracts on Robinhood Chain, chain id 4663. Each launch gets its own coin and curve, which you should resolve from the factory rather than hardcoding.

10Risks

• The peg can break. Nothing forces a market to a price, and a coin can trade far above or below its target for as long as people keep it there.
• The company is not involved. It has no relationship with the coin, has not endorsed it, and owes nothing to anyone who buys it.
• The pairing between a coin and a company is a record we keep, not a rule a contract enforces.
• Anyone can create a coin with any name, including one that imitates a real project. Names are not unique and are not verified. Check the contract address, which is the only identifier that cannot be copied.
• Graduating only means the curve sold out. It is not a quality signal.
• Transactions are signed by your own wallet and cannot be reversed.
• These are meme coins. Assume you can lose everything you put in, because you can.

11Glossary

Every term this site uses, in plain English.

Bonding curveA vending machine for a coin

Holds the whole supply and will always sell to you and buy back from you. The price is arithmetic on how much has been sold, not an order book, so a coin is tradeable in its first block with nobody providing liquidity.

GraduationThe curve closing and a real pool opening

When the curve has sold everything it was going to, the ETH it collected and the supply it held back seed a Uniswap v4 pool, and that position is locked permanently. It is not a quality signal; it only means the curve sold out.

Graduation threshold4.2 ETH

How much the curve must collect before it graduates. Fixed at creation and identical for every coin here, so every launch graduates into a pool of the same size at the same price.

Sellable supply71.4286% of the total

The share the curve is allowed to sell. The remaining 28.5714% is held back from the start and becomes the pool's liquidity, so no creator can decide to provide less than expected.

Curve fee1.00% on curve trades

Charged on trades against the bonding curve, in ETH rather than in the coin, so you are never handed a bill denominated in the thing you were trying to sell.

Creator fee2.00% of every trade

Goes to the platform treasury, and is how this site is funded. The same rate on every coin here, deliberately: a per-launch choice only ever produced coins that were quietly worse to trade than their neighbours.

Fee recipientWhere a coin's 2% goes

One treasury address, written into every launch transaction. It can only be set at creation and never changed, so where a coin pays is fixed for its life and public from the first block. It is platform revenue, not a pool held for that coin.

Dev buyBuying inside your own launch

An opening purchase in the same transaction that creates the coin. Because it is atomic, there is no block in which anyone could get in ahead of you.

Snipe taxA decaying tax on very early buys

Applied by the protocol to discourage bots from taking the opening block. It is capped so fees can never consume a whole order, and it appears in your quote before you trade.

SlippageThe gap between quoted and settled

Large orders move the curve, so the average price you pay is worse than the price you saw. Trades here carry a 3% tolerance: you can receive fewer coins than quoted, never at a worse price per coin than you agreed.

RefundWhat comes back on the buy that fills the curve

If your purchase is larger than what the curve has left, you are not rejected. You buy what remains, you are charged only for that, and the difference returns in the same transaction.

The pairingThe company a coin is matched with

Chosen at launch from the hundred and shown everywhere the coin appears. It sets the coin's target price. It is a reference, not ownership: no shares, no revenue, no vote, no dividend, and no relationship with the company.

Locked liquidityLiquidity nobody can withdraw

The graduated pool position sits in a locker with no timelock that expires and no function that can move it. It stays for as long as the chain does.

ponsThe launchpad protocol underneath

A public protocol on Robinhood Chain that handles coin creation, the curve, and graduation. We do not own it and neither does anyone else building on it; we call the same public factory.

Market capPrice multiplied by total supply

For a coin, the current curve or pool price times its one billion supply. For a company, its real equity market capitalisation, which is what determines its rank in the hundred.

IPFS / CIDWhere coin artwork lives

Uploaded images are pinned to IPFS and addressed by a content identifier, a hash of the file itself. The image cannot be swapped afterwards without changing the identifier.