Overview
Welcome to the docs for Launcher! Launcher is an open-source token launcher on Farcaster, designed to serve the needs of bootstrapping founders.
Launcher focuses on two key areas:
Teams: resources for founders, hiring, and marketing
Markets: incentives for capital formation
Teams
When a token launches using Launcher, 12.5% is reserved for a treasury. The creator of the token controls the treasury and can transfer control to another address, such as a multi-sig.
The treasury can be spent across a controlled set of protocols. This ensures that teams cannot drain the treasury / rug the project. These protocols are governed by the Launcher team and, eventually, $LAUNCHER token-holders. Current supported protocols include:
Rebase: Reach communities by offering your token to stakers of other tokens.
Based Jobs: Hire collaborators using your token, like startup equity
This list will be updated as new protocols are added.
When traders buy and sell your token, teams earn fees in both ETH and their token. 100% of all fees in their token return to the treasury, to be spent across the aforementioned protocols. 90% of all fees in ETH are paid to the team directly, without restriction. The remaining 10% in ETH goes to the $LAUNCHER platform.
Markets
Launcher takes several steps to ensure healthy market formation and continuity.
Fixed Price LP: 12.5% of the token supply is added to Uniswap at a fixed market cap of 80 ETH. This provides a floor price for the first 10 ETH of volume, limiting the impact of snipers who would otherwise dump on early buyers.
Dynamic Price LP: 50% of the token supply is added to Uniswap at the typical wide-range price. This allows for price discovery to occur as it normally does with other launchers.
LP Incentives: 25% of the token supply is distributed on Rebase to liquidity providers evenly over 2 years. This ensures broad liquidity and price stability as the market grows.
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