What can go wrong
Read this before you spend anything. Most tokens launched on any launchpad, including this one, end up worth close to nothing. That is the normal outcome, not the unlucky one.
The price can go to almost zero, and usually does
A bonding curve always quotes a price and will always buy your tokens back, but the price it buys back at falls with every sale. If everyone sells, the last seller receives very little. Nothing about the mechanism protects a token whose buyers have left.
Locked liquidity is not a promise about price
After graduation the liquidity sits in a contract with no owner and no withdrawal path, so nobody can pull it, including us. That removes one specific way you can be robbed. It does not make the token go up, and the pool can still be drained of ADA by people selling into it.
The creator can sell
Creators get no free allocation here, but they can buy at the start like anyone else and sell whenever they like. The token page shows what the creator holds and what they have done with their previous tokens.
Names and pictures are not checked
Anyone can create a token called anything. A familiar name, logo or link is not evidence of a connection to that project. Trust badges mean only what they say: a verified team means we looked at the links they gave us.
Concentration
One wallet holding most of a supply can end the token at any moment. Every token page shows the largest holder and the top five, and the risk score is mostly built from that. A low score is not an opinion that a token is good.
The contracts could have a bug
They are small, they are tested, and an internal audit has been done and its findings fixed. They have not yet been through an external audit. A bug in a contract can lose funds irrecoverably.
Transactions are final
There is no support desk that can reverse a trade, recover a wallet, or undo a mistyped amount. If you sign it, it happens.
This site can be wrong or unavailable
Charts, balances and holder counts come from our indexer reading the chain, and can lag or be wrong. If the site is down, the contracts keep working: anyone can trade against them directly, and the addresses are on the protocol page.
What we take
Fees are published on the protocol page and read from the chain at the moment of each trade. The operator can change them within ceilings written into the contracts, and every change is a public transaction. The operator cannot take liquidity, mint more of a token, or stop you selling.
Nothing here is investment advice, and nothing here is an offer of a financial instrument. Spend only what you are prepared to lose entirely. See also the terms and how moderation works.