How it works

What this is

A launchpad normally prices everything in the chain's own token. You buy with BNB, the chart is in BNB, the creator is paid in BNB, and the number you care about moves every time BNB moves — whether or not anyone traded your coin.

Denom takes the unit of account out of the chain's hands and gives it to the launcher. Pick the Korean won and the coin is quoted in won, bought with won, and pays its creator in won. Pick the Brazilian real and the same is true in reais. The choice is made once, at launch, and can never be changed.

Sixty eight currencies are live, from the euro and the yen to the Nigerian naira and the Vietnamese dong. Every one of them settles on BNB Smart Chain.

Where currency tokens come from

Nobody issues Korean won on BNB Chain, so we do. Each currency is an ordinary BEP-20 token whose entire supply is placed into a single PancakeSwap V3 position exactly one tick wide.

A one-tick position is not a curve. It is a flat sell wall: the whole supply is offered at one price, which is exactly how a currency should behave. Listing one costs nothing but gas, because the token side is minted and no dollars are ever put up against it.

A keeper moves that wall whenever the real exchange rate drifts, and that movement is the only thing keeping the token honest. Rates arrive from two independent sources and the keeper acts only when both agree inside a tolerance. If they disagree, the wall simply stops moving and the currency is marked stale rather than mispriced.

Selling a currency back is paid out of the USDT that the same currency's wall has already collected. Each currency keeps its own pot, so the vault can never owe more than it holds and no currency can ever drain another.

Launching a coin

Give the coin a name, a ticker and a picture, pick the currency it lives in, and optionally set a creator tax of up to 10% on every trade.

The launch fee is 0.005 BNB. A first buy is bundled into the same transaction, paid in whatever you already hold and swapped into the coin's currency on the way in. The launcher pays no anti-snipe tax on that first buy.

Supply is fixed at one billion. Eight hundred million are sellable on the curve; the remaining two hundred million are held back to seed the pool at graduation.

Trading and fees

The curve is a constant product with a virtual reserve. Buying pushes the price up on its own, so no seller ever has to exist for a buyer to get filled.

Every trade pays 1%, split 70% to the creator and 30% to the protocol, plus whatever creator tax was set at launch. All of it is denominated in the coin's currency, never in BNB and never in dollars.

For the first fifteen seconds of a coin's life, buying carries a tax that starts at 99% and decays linearly to zero. It exists to stop a bot from taking the whole curve before a person has seen the coin exist. The launcher is exempt.

Graduation

When the curve sells out, the coin graduates. Everything it raised, together with the two hundred million coins held back, becomes a full-range PancakeSwap V3 position.

That position stays in the launchpad contract permanently. There is no function that can move it, no owner key that can withdraw it, and no timelock that expires. The liquidity cannot be pulled because there is no code path that pulls it. Any reserve supply that does not fit the position is burned.

Graduation depends on demand. A coin may never reach its threshold, and most will not.

What can go wrong

These are not bank deposits. A currency token is a token that tracks a rate through a wall we maintain. It carries no redemption guarantee, no deposit insurance, and no issuer obligation.

If both rate sources fail or disagree for long enough, a wall stops moving and the token trades away from the real rate until they recover.

A memecoin priced in Turkish lira is still a memecoin. The denomination changes the unit you lose money in, not the odds.