> For the complete documentation index, see [llms.txt](https://docs.liqd.ag/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.liqd.ag/liquidlaunch-integration/overview.md).

# Overview

LiquidLaunch is a token creation and fair launch platform on Hyperliquid. Anyone can create an ERC20 token with automated bonding curve trading.

**Contract:** `0xDEC3540f5BA6f2aa3764583A9c29501FeB020030`

## How it works

1. **Create a token** — call `createToken` with metadata. Any HYPE sent with the transaction automatically buys tokens for the creator (anti-snipe).
2. **Trade on the bonding curve** — users buy and sell via `buyTokens` / `sellTokens`. Price adjusts automatically.
3. **Trade via LiquidSwap** — launched tokens are also routable through the LiquidSwap aggregator, where users can swap with any supported token (not just HYPE).

## Token specs

| Property               | Value                                   |
| ---------------------- | --------------------------------------- |
| Total supply           | 1,000,000,000 (6 decimals)              |
| Virtual HYPE liquidity | 300 HYPE                                |
| Initial price          | `VIRTUAL_HYPE_LIQUIDITY / TOTAL_SUPPLY` |

All tokens trade on an **x × y = k** constant-product curve against virtual reserves. Price increases as tokens are bought and decreases as they are sold — the same mechanic as Uniswap V2, but with virtual (not deposited) liquidity.

## Bonding

Tokens currently trade exclusively on the LiquidLaunch bonding curve — they do not bond out to a DEX pool. In a future release, tokens will be able to bond into LiquidLaunch's own Uniswap V2 deployment for deeper liquidity.

## Fees

* **1% on all trades** (deducted from HYPE sent or received)
* **Split:** 50% to token creator, 50% to protocol
* **Claiming:** anyone can call `claimFees(token)` to distribute accumulated fees — only the creator and protocol receive the split, not the caller

## Creator restrictions

Token creators cannot sell for **1 hour** after creation, preventing immediate dumps.


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