How it works.

Anyone can launch a token about anyone. The launch declares a handle on X, and from that moment a share of everything the token earns is set aside for whoever holds that handle, whether or not they know the token exists.

Every launch names a star, and the contract refuses one that does not. It is priced in the star token for that handle. There is one per handle, and the factory creates it in the same transaction as the first launch that names it. Her own token is priced in ETH.

The star named has agreed to nothing. The page says the handle was declared by the creator, and it says so until they claim it themselves.

A launch opens as a Uniswap v4 pool against what it is priced in, which is the token of the star it names. Her own token is the one that opens against ETH. There is no presale, no allocation and no migration later: the whole supply goes into the pool in the launch transaction, and the price rises as it sells.

The supply sits in two positions. The sale range holds the 71.43% that is there to be bought, from the opening price upwards; the reserve band holds the rest above it. Both belong to the fee hook, and what a buyer pays in stays in the pool underneath the price.

Paying in ETH still takes one transaction. The router buys the star token on the way and spends it on the launch, and that first leg is a real purchase of the star token, charged like any other trade. Because it is an ordinary v4 pool, any other router, aggregator or chart that speaks Uniswap v4 reaches it too, from the block it was created in.

Every launch on the same settings opens at the same price and fills at the same one, measured in ETH. A launch about a star needs a set value of her token to fill, turned into a number of her tokens at her price when it launched and fixed from then on, so every launch about her costs the same to fill however many came before it, and each one that fills leaves her a little more expensive. Nobody decides afterwards how much liquidity to provide, because both positions are minted before the first trade.

The two positions a launch is born with belong to a contract with no function that removes liquidity. Not owner-only, not timelocked: absent. Nobody can take them out, including us, because there is no code that would do it. The same is true of the liquidity a launch adds from its own fees as it trades.

What this buys a holder is a bid that cannot be pulled. Everything anyone has paid in sits under the price in the launch's own position, so selling back against it cannot push the price below where the launch opened.

That is not a promise we made. It is a property of the contract, and it can be checked without trusting anything on this page. The pool is open to anyone else's liquidity, including below the opening price; what is guaranteed is that whatevr never puts any there.

Read the hook on the explorer

A launch opens with a tax that starts near total and halves its way to zero over the first seconds. Buying in the opening moment costs almost everything you spend, which is the point: it makes the first block worthless to a bot.

The buy widget shows the current rate and counts it down. Whoever launched the token is exempt, along with their payout wallet and any wallets they listed at launch, and on a first launch about a handle that exemption covers the star's pool as well, which a buy in ETH crosses on the way in. So an opening buy in the launch transaction clears at the opening price on both legs. What the tax takes is filed apart from the 1% trading fee and goes to the platform whole. It is a penalty on a sniper, so none of it reaches the launch, its star or its holders: paying a creator for being sniped would be a reason to be sniped.

What a star is paid is the creator's choice at launch. The launch's slice of the 1% trading fee goes whole to one of four: the creator, the star, the holders or liquidity. Its own tax, if it set one, divides between those same four on shares fixed at launch. A launch may leave her nothing. On her own token she takes the whole slice, and that token can never carry a tax: it is fixed at zero in the contract, not a setting anyone can turn on later.

Everything set aside for her has no recipient until she claims it. A creator cannot name a wallet for it, which is what stops a creator taking the star's share as well as their own.

To claim it, the star posts from the handle the launch declared, mentioning the token. Their handle and their post stay visible on the token from then on.

If nobody claims, a launch's share waits for the star for 180 days from the launch. After that it can be released to the launch's creator, and after 90 more days to the platform. A star token has no creator, so its share waits the full 270 days before it can go to the platform. Until it is released the star can still claim it. Those are the default windows, and no balance sits unreachable forever.

A token about a star is not her token and does not track her. It moves on its own, and one priced in a star token moves with that token as well. If it goes to zero, it goes to zero.