Specimen
KFC
KFC
Lot 0001Priced in Chicken
- Opened at
- 4,310 lb
- Last
- 0.0000061 lb
- In dollars
- $7,040
- Fees paid out
- 18.4 lb
Every other launchpad quotes your coin in gas money. Here a coin trades against a pound of coffee, or a bushel of wheat, or a whole broiler chicken. KFC priced in CHICKEN. That is the entire idea.
The denominations are minted by us and open at the real market price of the thing they name. They are not backed by it, they are not redeemable for it, and we never buy one back. The terms below say so plainly.
| Symbol | Grade | Unit | Last | buys |
|---|
Three steps, one transaction
Anything on the board, from arabica coffee to lean hogs. This is what your coin will be quoted in for the rest of its life, so pick the one that makes the joke land.
One billion tokens are minted and every single one goes straight into the pool. You are handed none of them. You may buy in the same transaction at the same price as everyone after you, up to 5%.
Every trade in your coin pays 1%, and 80% of that is yours for as long as the coin trades. That is the only thing a launch ever pays out.
Lots on the board
The parts other launchpads leave to the small print
Every token goes into a Uniswap pool at launch and there is no function anywhere that takes it back out. Not for the creator, not for us. Fees are the only thing that ever leaves.
Creators are handed nothing. They may buy into their own coin in the launch transaction, at the same price as the next person, and the contract refuses anything above a twentieth of the supply.
A trade pays 1%. Four fifths of it goes to whoever launched the coin, forever, and the rest to us. We also take a flat fee of 0.0001 ETH to launch, which is about a quarter of a cent.
COFFEE opens at the real price of a pound of coffee and then stays there on purpose, so that coins priced in it do not lurch about for reasons that have nothing to do with the coin. It does not track the market afterwards. Buying one is not buying coffee.
Dollars become the denomination, then the denomination becomes the coin, both inside a single transaction. A round trip in and out costs about 4%, which is the four one percent hops and nothing else.
There are no dollars in the pool underneath it, so there is nothing down there to sell into. The floor holds without us defending it, and it costs nobody anything to keep.