Lifecycle of a Token Launch
Last updated
Last updated
After a token is created by the dev, the lifecycle of a token consists of four stages:
Presale participants can deposit their SOL to the token proposal. They may withdraw the SOL at any time before the fundraising target is hit.
Once the fundraising target is reached, presale participants can immediately claim their token allocation, with tokens for the top 200 holders being auto-claimed on their behalf. This stage lasts about 5 -10 minutes.
100% of the deposited amount, along with the remaining tokens (excluding the staker allocation and dev rewards), will be used to create the Raydium pool. The LP tokens will then be locked within the Moonke.biz contract and burned in the next phase.
Happy case
When the price 4x and sustains for at least 2 minutes, the original deposited amount (up to 50% of the LP) will be withdrawn from the pool. The withdrawn SOL will be refunded to presale participants, while the withdrawn tokens and remaining LP tokens will be burned.
Sad Case
If the happy case is not achieved within 12 hours, 100-x % of the original deposit (x is the percentage of token allocated for presale) where 90-x% of the original deposit will be returned to the stakers and up to 10% of the original deposit will be charged as protocol fee. The withdrawn token and the remaining LP tokens will be burned.
In both cases, the refund claims will remain available for 14 days before expiring.