Mechanics
A launchpad is
defined by what it
cannot do.
Three contracts, one precompile, and a list of things that are impossible rather than merely discouraged.
Step 01
Pick your reserve
Choose the tokenized asset your pool is quoted in. Coinbase stock, NVIDIA, gold, the S&P 500 — whatever the joke needs.
Step 02
The pool opens itself
One transaction creates a B-20 with no admin, opens its Uniswap V4 pool and sinks the entire supply into it. There is no key to leak.
Step 03
Locked, not promised
The position lives in a contract with no function that removes liquidity. Fees reach the creator; the liquidity itself reaches nobody, ever.
The token
Why B-20
Since the Beryl upgrade, Base can issue tokens without deploying bytecode. B-20 is a native token standard implemented as a Rust precompile at 0xB20f…0000. It keeps full ERC-20 parity — every wallet, explorer and DEX treats it as an ordinary token — while adding roles, supply caps, transfer policies and ERC-2612 permits at the protocol level.
For a memecoin, the interesting part is the issuer toolkit combined with the ability to renounce all of it at birth. A launch here calls createB20 with initialAdmin = address(0) and passes three bootstrap calls: mint the full supply to the curve, pin the supply cap, set the metadata URI. Those calls execute inside the factory's privileged window and the window closes when the function returns.
The result is a token that is cheaper to transfer than a deployed ERC-20, has a deterministic address you can compute before it exists, and has no privileged account of any kind from block one.
- Total supply
- 1,000,000,000
- Into the pool at launch
- 100% of supply
- Pool fee tier
- 1%
- Creator allocation
- 0
- Decimals
- 18
- Venue
- Uniswap V4 ↗
- Liquidity
- Locked, no withdrawal path
Pricing
Constant product, virtual reserves
Each curve is parameterised by two numbers per reserve asset: a virtual quote reserve that sets the opening price, and a target raise that closes it. The virtual token reserve is derived so the invariant lands exactly on the target when the last of the 800M curve tokens is sold:
virtualToken = S · (virtualQuote + target) / target buy: dy = y₀ · dx / (x₀ + dx) sell: dx = x₀ · dy / (y₀ + dy) endPrice / startPrice = ((vq + target) / vq)²
Every asset here is configured with virtualQuote = target / 3, which is a clean 16× from the first buy to the closing bell. The buy that would overshoot the target is priced against the exact remaining inventory and the excess is refunded, so nobody ever pays for tokens the curve cannot deliver.
Impossible by construction
Not policy. Bytecode.
Cannot
Mint more supply
The token is created with initialAdmin = address(0). The entire supply is minted inside the factory's bootstrap window, then the supply cap is pinned to it. When createB20 returns, no account holds MINT_ROLE — the role has no holder and no admin who could grant it.
Cannot
Pause or seize your balance
PAUSE_ROLE and SEIZE_ROLE are equally unheld. B-20's issuer toolkit is powerful, which is exactly why this launchpad hands every one of those powers to nobody.
Cannot
Pull the liquidity
The position lives in PositionLocker, which has no code path that passes a negative liquidityDelta — the only operation that removes liquidity. No owner, no upgrade, no rescue function. Fees can be swept; principal cannot.
Cannot
Front-run the opening
For the first two minutes of a launch each wallet can spend at most a tenth of the target raise. It does not make sniping impossible; it makes it expensive and visible.
Cannot
Give the creator a free bag
There is no allocation parameter. The entire supply is minted into the pool, so a creator who wants tokens buys them on the open market like anyone else.
Fees
Where the money goes
Collateral
The reserve universe
The exchange that built Base. Reflexivity, fully wired.
0x5cDa0E…172204
Shovels for the AI gold rush. Priced accordingly.
0xFb5B41…b8D6E7
The original meme stock, now collateral for actual memes.
0x219A8d…e5A03D
A leveraged bitcoin bet wearing an enterprise-software costume.
0xFF05E1…eDa8e2
Five hundred companies backing one dog picture. Diversified.
0x31C2C1…3Fc2d8
Big tech, one ticker. The house index of the internet.
0x823FF7…836757
Six thousand years of consensus, wrapped for an ERC-20 curve.
0x1E46d7…39f4d8
Pre-IPO exposure to rockets. Backing a coin about rockets.
0x19F89a…44887F
Read this part twice
A tokenized equity is a claim on an off-chain arrangement. Its issuer decides who may hold it, how it is custodied, and whether it can be redeemed. None of that is under this protocol's control, and none of it is guaranteed by the contracts described on this page.
These are also thin markets. A raise that looks trivial in dollars can be a large fraction of a wrapped asset's float, which means the reserve behind a coin may be much harder to exit than it was to acquire.
What the contracts guarantee is narrow and worth being precise about: fixed supply, no admin, no creator allocation, and liquidity that cannot be withdrawn. Everything else is your problem, as it should be.
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