Launch paths
Launch guide
Fixed-price sale, bonding curve, migration logic, and the parameter guardrails that shape early access.
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Launch
Launch model
Fixed-price market sale versus bonding curve, and how the two launch paths differ.
The launch choice changes who gets access first, how the first price is discovered, and what users should watch before joining. Fixed price and bonding curve are not just two screens. They create different market shapes, different expectations, and different failure modes.
Within this section
Launch model overview
Compare fixed-price sales and bonding curves before looking at individual settings.
| Aspect | Fixed-price sale | Bonding curve |
|---|---|---|
| Price rule | The live sale keeps the same price per token for buys and sell-backs, with live fees shown separately. | A moving quote where later buyers usually pay more as more allocation is sold. |
| Before DEX liquidity | The sale state defines the flow. Wallet-to-wallet transfers and public trading stay unavailable until finalization. | Trading is already live on the curve before DEX migration. |
| Can holders exit early? | Yes, but only through the sale exit path during the live window, with the live sell fee. It is not open DEX trading. | Yes. Curve holders can sell back into the live curve before migration. |
| Main utility | Simple public distribution with a legible rule set and explicit settlement. | Continuous live price discovery before migration. |
| Main advantage | The live sale keeps the same price per token instead of using a moving quote. | The market starts immediately without waiting for a sale window to end. |
| Main drawback | Equal price is not equal access, and poor cap design can still let fast participants dominate. | Early buyers can build a cheaper position and still sell before migration. |
| Timing pressure | Mostly concentrated around allocation and finalization timing. | Also includes more live repricing pressure around launch targets. |
| Operational profile | Fixed pricing and explicit finalization make the sale flow easier to read, but distribution quality still depends on caps and sale design. | Live pre-migration trading and immediate transferability make price discovery faster, but also add more timing and repricing risk. |
Standardized launcher tokens
See which token-level hard rug patterns the two launchers are designed to reduce.
The two launchers share a useful security property: the creator is choosing launch terms, not writing a custom token with hidden transfer behavior. That limits some hard technical rug patterns, while leaving ordinary market, timing, liquidity, and social risks in place.
| Scope | What it reduces | Examples | Limit |
|---|---|---|---|
| Both launchers | Fixed-price and bonding-curve launches use a controlled DogeFactory token pattern instead of creator-supplied token logic. | This limits hidden transfer tax, creator-only blacklist behavior, blocked sells, privileged mint after launch, and surprise token switches. | It reduces hard technical rug patterns in launcher-created tokens. It does not prove demand, fairness, liquidity depth, or creator intent. |
| Fixed-price launcher | The sale uses one visible price, selected supply, explicit caps, sale timing, DOGE-only creator support, and a final success or refund state. | Creator support is not a hidden token allocation, the sale is not open DEX trading before finalization, and failed sales stay redemption-focused. | Weak caps can still favor fast buyers, the sale can still fail, and users still need to understand claim, refund, and sell-back rules. |
| Bonding-curve launcher | The live curve uses preset pricing, visible buy and sell rules, automatic migration conditions, and post-migration LP burn. | The creator does not define custom token controls for hidden sell blocking, hidden transfer tax, or privileged minting through the launcher. | Early buyers can still sell before migration, later buyers can still become exit liquidity, and price can still collapse after demand fades. |
Launch lifecycle states
Understand the main steps from opening a launch to ending it and moving into live trading.
Launch rules in plain words
- The Launches page is for scanning markets quickly, not for reading every rule.
- Use fixed price when you want one clear sale price and a defined sale window.
- Use bonding curve when you want a live price before DEX migration.
- Both launchers reduce some token-level hard rugs by standardizing the created token, but they do not remove market or social risk.
- In both modes, users should read the token detail page before buying or selling.
No mint after launch
The token supply is chosen before creation. After that, the creator should not have a hidden way to print more tokens.
No surprise controls
Launch tokens avoid hidden tax, blacklist, or creator-only token switches. Fixed-price sale owner pause and rescue windows are shown separately because they are sale controls, not token mint controls.
The launch type is clear
Every launch is either fixed price or bonding curve. The page shows the mode so users know whether the price is fixed or moving.
Preview before signing
Buy, sell, and exit actions should show the expected result before the wallet asks for confirmation.
Exit rules depend on the mode
DogeFactory launches include an exit path depending on the launch type. Fixed-price sales can support sell-back before finalization. Bonding curves support selling through the curve while active.
DEX opens after the launch step
A launch is not the same as an open DEX pool. The DEX market appears only after the fixed sale finalizes or the curve migrates.
What fixed price makes easier
Fixed pricing- The live sale keeps the same price per token instead of facing a moving curve price.
- The public story is easier to explain: gross buys split into a visible 1.25% trade fee and net reserve at the fixed token price.
- Public routing education is simpler than on a live pre-migration curve.
- DEX seeding can still happen automatically after settlement without making the sale itself a live speculative market.
What bonding curve enables
Live pricing- Trading starts immediately instead of waiting for a sale window to settle.
- Curve pricing is deterministic on-chain rather than negotiated off-chain by the team.
- Migration can be automated once the DEX launch target is reached.
- Burning the launch LP after migration removes one direct liquidity-rug path.
Fixed path
Fixed-price sale
Definition, utility, benefits, limits, risks, and finalization logic for fixed-price launches.
A fixed-price sale is easier to explain because one published price stays visible during the sale. The harder questions are who gets access, how the sale ends, what refund or sell-back path exists, and what happens once live liquidity takes over.
Within this section
Fixed-price sale basics
What a fixed-price sale means for pricing, access, and user expectations.
1. Terms are fixed before users buy
The creator publishes supply, price, caps, and timing upfront. The hard cap is tied to selling 50% of supply to buyers, so the rule set is explicit before funds arrive.
2. Accepted reserve DOGE uses one price
There is no early-bird discount hidden in a rising quote. Gross buys pay the 1.25% live trade fee, while net reserve uses the same fixed price per token. Public buy and exit transactions enforce the previewed minimum output with a short deadline.
3. Finalization decides success or failure
The sale still needs a deterministic end state. On success, liquidity is seeded at the fixed sale price. On failure, the token does not launch on DEX, the failed state should stay explicit, holders redeem from net reserve instead of opening a public market by accident, and trade fees remain protocol fees.
4. Creator support is DOGE-only and capped
If enabled, the creator can receive DOGE only, never free tokens. This budget is meant for first launch costs: marketing, listings, content, setup, and infrastructure. Creator DOGE support is capped at 15% to limit misuse.
How the sale ends
See what finalization means and what changes once the sale reaches its end state.
Fast launch fields
For a standard launch, token name and ticker are the only fields the creator must type. Presets fill the sale setup, and profile media, socials, and custom metadata stay optional.
Supply range
10,000,000 to 100,000,000,000 tokens
Exit path
During the live sale window, exit uses the sale exit path, not an open DEX pool
Live trade fee
1.25% buy fee and 1.25% sell fee before finalization
Buyer allocation
At target, 50% of total supply is sold to buyers at the fixed price
Liquidity rule
Default 100% of final net reserve seeds DEX liquidity at the fixed sale price on success; creators can explicitly choose 90% or 85% liquidity with DOGE-only support
Creator support
Optional 0%, 10%, or 15% of final net DOGE reserve; DOGE only, no free creator token allocation, capped to limit misuse
Supply edits
Changing total supply keeps the fixed price stable and scales the hard cap and minimum raise so the target still sells 50% of supply
DEX output
Successful finalization opens the post-sale DEX market only after the launch delay
Unused inventory
Unused fixed-price token inventory is removed from circulation after success or failed-sale redemptions
Advanced limits
Wallet limit and transaction limit are off by default. The public form uses a 0.001 DOGE minimum buy unless customized.
Default frame
Start at creation, 48 h from creation time, no wallet or tx cap unless configured. Public availability extensions are capped at 7 days total.
Refunds and sell-back
Find the user-facing rules for refunds, claims, and any sell-back path shown in the app.
Creator checklist
- Choose a launch model preset or Custom target. The frontend converts the USD target into the DOGE objective and updates the related fixed sale values.
- For the fastest path, fill only token name and ticker, keep the preset setup, and press Create. Description, media, socials, custom metadata, sale schedule, and advanced limits are optional.
- If you want a richer public profile, choose Built-in profile or Custom metadata JSON. Custom metadata ignores built-in description, media, socials, and cover while it is active.
- If using the built-in profile, add the short description, primary logo/media, optional cover image, and public socials. Primary media can be video; cover remains image/GIF only.
- Review sale parameters: total supply, fixed price, minimum raise, raise target, and the sale window. The raise target is tied to selling 50% of total supply to buyers.
- Pick the success split: 100% liquidity, 90% liquidity with 10% DOGE creator support, or 85% liquidity with 15% DOGE creator support. The creator receives DOGE only, never free tokens.
- Only enable advanced limits when you need them. Wallet limit and transaction limit are off by default, and the public form uses a 0.001 DOGE minimum buy by default.
- By default the sale starts when the token is created and runs for 48 hours from creation time.
- If a scheduled start time is already in the past when the creator submits, the public frontend treats it as an immediate start instead of shortening the default 48 h window by accident. Direct launcher submissions with a custom start already in the past are rejected.
- If built-in media upload is used, the creator signs the upload authorization only after pressing Create. Typing in the form does not open the upload session.
- If a minimum raise exists, make sure it reflects a real viability threshold rather than an arbitrary number that keeps funds idle until finalize.
Participant checklist
- Read the fixed price per token, hard cap, optional minimum raise, live trade fee, and sale window before sending DOGE.
- Use the live preview as the minimum accepted output. If another transaction changes the remaining cap before yours lands, the protected transaction should revert instead of accepting a worse fill.
- Do not confuse sale participation with open DEX trading. Before finalization, exit uses the sale exit path and the live sell fee.
- Check whether the sale uses wallet and transaction caps. Those caps matter more for distribution quality than the fixed price label alone.
- After the sale ends, check the visible end state before assuming the public pool is live. A failed sale should show that DEX launch is cancelled and whether refunds are not open, open, or already claimed.
- If the sale fails, keep the same sale tokens in the same wallet. The DOGE refund redeems those tokens, and the page should show both the held token balance and the current DOGE correspondence for that wallet.
Advantages
- The live sale keeps the same price per token instead of facing a moving curve price.
- The public story is easier to explain: gross buys split into a visible 1.25% trade fee and net reserve at the fixed token price.
- Public routing education is simpler than on a live pre-migration curve.
- DEX seeding can still happen automatically after settlement without making the sale itself a live speculative market.
Risks and trade-offs
- Fixed price removes moving-quote confusion, but it does not make access fair by itself. Fast participants can still dominate if caps are too loose.
- A bad fixed price remains a bad fixed price. The mechanics can be honest while the economics are still unattractive or manipulative.
- Live buy and live exit both include a 1.25% protocol fee. Failed-sale redemption opens only after finalization marks the sale as failed and uses net reserve, not refunded fees.
- Protected buy and exit transactions can revert if the preview becomes stale before confirmation. That is safer than silently accepting fewer tokens or DOGE.
- Creator support is optional, DOGE-only, and capped at 15% to limit misuse, but users should still judge whether the requested budget makes sense for the project.
- A failed sale still depends on deterministic finalization. Until that state is reached, reserve stays controlled by sale logic rather than by a public market.
- If the public rule for oversubscription is unclear, users can misunderstand whether they are guaranteed tokens, partial allocation, or refunds.
Guardrails that still matter
- Equal price is not equal access. Wallet caps, tx caps, and a bounded sale window still matter.
- The current market-sale flow caps net reserve at the hard cap; distribution quality still depends on sensible wallet and tx caps.
- Public wallet actions should be bound to the preview, minimum output, and deadline shown in the interface.
- Public docs should say exactly what goes to buyers, DEX liquidity, creator DOGE support, and burn. Hidden token disposal rules damage trust.
- The initial DEX seed price should match the fixed sale price. A mismatch creates immediate confusion and can transfer value between launch participants and post-launch traders.
- Public pool listings should match the current network state. Market data can lag, so users should treat stale displays cautiously.
If the fixed-price sale succeeds
Finalization opens the post-sale DEX market at the fixed sale price after the launch delay, unlocks transfers, applies protocol fees, pays only DOGE creator support when configured, and removes unused token inventory from circulation. At target, 50% of supply went to buyers.
If the fixed-price sale fails
The token does not launch on DEX. The page should show the failed state first, then whether refunds are not open, open, or already claimed for the connected wallet. Refund claiming opens through an on-chain wallet transaction, holders redeem from the sale net reserve by returning their sale tokens from that same wallet, unused inventory is removed from circulation, and protocol fees remain protocol fees.
Live pricing mode
Bonding curve
How curve launches work, what the live market path changes, and what to verify.
A bonding curve is a launch mode where the price moves while people buy or sell. The practical question for users is how fast the price can change, what exit path exists, and what changes when the launch moves into live trading.
Within this section
How the price moves
Understand how bonding-curve pricing changes during the launch.
1. The creator fixes the curve setup once
The creator chooses total supply, a curve / LP preset, and a DEX launch target. DogeFactory sets the starting price from the selected preset and calculates the automatic price curve before anything is created on-chain.
2. Trading is live from the start
Curve buys deliver immediate inventory to buyers, standard ERC-20 transfers remain possible, and curve sells remain open before migration. This is the structural difference from a fixed-price sale.
3. DEX launch depends on live curve value
Migration is not just a timer. The DEX launch target must be reached by the live curve state, which means the target and preset decide whether DEX launch is reachable and sensible.
4. LP policy still matters after migration
When migration succeeds, the final curve buy is capped at the trigger, unused DOGE is refunded, liquidity moves into the DEX at the terminal curve price, and the launch LP is burned.
Fast launch fields
For a standard curve launch, token name and ticker are the only fields the creator must type. Preset supply, curve / LP split, and DEX launch target stay prefilled unless changed.
Supply range
10,000,000 to 100,000,000,000 tokens
Curve / LP presets
Public launches use exact token-inventory presets and calibrate migration liquidity to the terminal curve price
Starting price
Set automatically by the selected preset so creators do not tune the opening curve math manually
DEX launch target
Exact DOGE by default, with a compact USD intent helper for quick USD-based conversion
Near migration label
The Market pulse counts a curve as near migration from 75% progress. It is a close-to-target signal, not proof that migration already happened.
USD intent cap
USD intent is capped at $10,000,000 before conversion to the DOGE target
Transaction protection
Public curve buys and sells enforce the previewed minimum output with a short deadline
Trade fees
1.25% buy, 1.25% sell, with 100% of each trade fee routed to protocol
Minimum buy
0.001 DOGE on the live bonding curve
Transfers
Curve buyers receive standard ERC-20 tokens immediately, so wallet-to-wallet transfers remain possible before migration
Main user risks
Review the main public risks of buying or selling late on a curve launch.
Creator checklist
- Choose a total supply and one of the public token-inventory presets: Large raise 80/20, Standard raise 75/25, or Starter raise 70/30.
- For the fastest path, fill only token name and ticker, keep the preset supply, split, and DEX launch target, and press Create. Description, media, socials, and custom metadata are optional.
- Review the automatic starting price and full price curve, not only the first quote. A very low start can strongly favor the first buyers.
- Set a DEX launch target that the chosen setup can actually reach. An unreachable target strands the launch in curve mode.
- If built-in media upload is used, the creator signs the upload authorization only after pressing Create. Typing in the form does not open the upload session.
- Document clearly that early holders can sell before migration. Omitting that fact is not neutral; it changes how later buyers understand the market they are entering.
Participant checklist
- Check the automatic starting price, projected later price, curve / LP split, and DEX launch target before buying.
- Use the preview as the bound for the signed transaction: public buys and sells include a minimum output and short deadline.
- Assume that the same DOGE amount buys fewer tokens later if buying pressure continues. That is how the curve is supposed to work.
- Remember that earlier participants can still exit into the live curve before migration. Later buyers should treat that as a first-order risk, not as a corner case.
- After migration, curve logic is no longer the live market. Trading then depends on DEX liquidity depth, not on the pre-migration formula alone.
Why some teams still use a curve
- Trading starts immediately instead of waiting for a sale window to settle.
- Curve pricing is deterministic on-chain rather than negotiated off-chain by the team.
- Migration can be automated once the DEX launch target is reached.
- Burning the launch LP after migration removes one direct liquidity-rug path.
Structural risks and warnings
- Earlier buyers can sell during the live curve phase before migration. That is the main structural risk of the model.
- Later buyers usually pay a higher average price than earlier buyers as the curve fills.
- The same DOGE amount does not map to a fixed token amount over time, which is harder for retail users to reason about correctly.
- Curve trading is more exposed to fast timing and live repricing pressure than a fixed-price sale.
- A badly chosen DEX launch target or automatic price path can make the launch either trivial to cross or practically unreachable.
Raise-size presets
Large raise puts more tokens on the curve for a larger target. Standard raise is the middle lane. Starter raise keeps more token reserve for DEX liquidity after a smaller curve phase.
Why the full price path matters
A launch with a harmless-looking automatic starting price can still become aggressive later if the automatic price path climbs too quickly. That shift transfers more advantage to earlier buyers than retail users often expect.
If the DEX launch target is too high
The curve can remain live without ever reaching migration, leaving holders in a structurally different market than they expected when reading the launch headline.
If the DEX launch target is too low
Migration can trigger early with limited price discovery, which may open the DEX market sooner than users expect even though the final buy is capped and refunded.
Transaction protection
Public curve buy and sell actions should match the preview with a minimum output and a short deadline, so stale wallet confirmations do not proceed under different conditions.
Move to live trading
See how the launch moves into live liquidity and what should stay coherent for users.
What users can verify before using the curve path
Guardrails
Parameter quality
What happens when launch and trading parameters are pushed too low or too high.
No parameter is neutral. Each one shifts who gets access first, who holds the better average entry, and how credible the post-launch market looks. The table below is meant as a practical review checklist.
Settings that change outcomes
See which launch settings most strongly change fairness, access, and post-launch quality.
| Parameter | If too low | If too high | Main failure mode | Guardrail |
|---|---|---|---|---|
| Fixed sale price | Oversubscription happens fast and allocation capture becomes speed-biased. | The sale stalls, participation concentrates, or the market opens weakly later. | Mispricing can transfer value unfairly even if the sale mechanics behave exactly as designed. | Publish the pricing logic and pair it with clear caps, refund rules, and a defendable LP seed plan. |
| Sale hard cap | Distribution is narrow and the initial market can stay shallow. | The sale can become a long marketing number rather than a realistic liquidity plan. | Cap size can become optics while hiding weak post-launch depth. | Tie the cap to expected distribution breadth and real post-finalization liquidity. |
| Wallet cap | Users fragment across wallets and retry behavior increases. | Whales can dominate the allocation directly. | Loose caps favor concentration; overly tight caps favor sybil or spam behavior. | Use caps that are restrictive enough to matter but not so small that honest users need multiple retries. |
| Transaction cap | Users need many transactions and waste gas or time to reach desired size. | Single-transaction capture becomes easier for fast actors. | The sale becomes either retry-heavy or easy to dominate quickly. | Keep tx caps aligned with wallet caps and expected block conditions. |
| Minimum raise | A weak launch can still succeed with little conviction or thin eventual liquidity. | Otherwise viable launches can fail and leave funds waiting for finalization. | The threshold can be used either to rubber-stamp weak launches or to manufacture artificial scarcity. | Set it only when it reflects a real viability threshold and publish the failure path clearly. |
| Automatic starting price | Earlier buyers receive a very cheap option on the later curve path. | Participation can stall before meaningful discovery happens. | The opening quote can be used as bait while the later path becomes much harsher. | Evaluate the automatic starting price together with the full price curve and DEX launch target, not in isolation. |
| Automatic price curve | The price barely reprices, which weakens discovery and can distort the migration path. | Later buyers overpay very quickly and earlier buyers gain a stronger exit advantage. | An aggressive price curve can turn the launch into a late-buyer tax rather than a neutral discovery tool. | Use conservative defaults first and focus the UI on the migration trigger price, since migration starts once that target is crossed. |
| Curve / LP split | Very little supply is sold before DEX, so discovery is thin and migration may happen quickly. | Too little inventory remains for post-migration liquidity depth. | The split can hide where real liquidity will exist: on the curve before migration or in the pool after it. | Reserve enough token inventory for a post-migration pool that can absorb normal trading. |
| DEX launch target | Migration can trigger early with shallow reserve and weak market preparation. | Automatic migration becomes hard or impossible to reach. | The threshold can create either premature DEX opening or a curve that never transitions cleanly. | Reject unreachable configurations and show users the implied launch path before confirmation. |
| Slippage tolerance | Legitimate transactions revert frequently during volatility or while routing changes. | Users absorb poor execution or an obviously bad initial price. | A high slippage setting can turn a user warning into silent value leakage. | Default low, warn on large values, and never present high slippage as a normal requirement. |