# Launchpad

Sushi Launchpad deploys a fixed-supply ERC-20 token and opens its SushiSwap V3
market in one transaction. Launchpad V2 is available on Robinhood Chain and
creates one billion tokens with 18 decimals.

[Open Launchpad](https://www.sushi.com/robinhood/launchpad)

## How it works

1. The Launchpad contract deploys the token. The connected wallet is recorded
   as both its launch creator and current creator, and initially receives any
   creator-directed trading fees.
2. The creator selects an allowlisted quote token, a liquidity mode, and one of
   three trading-fee modes. Launchpad creates a standard SushiSwap V3 pool at
   the 1% fee tier.
3. **Standard Mode** targets a $5,000 starting fully diluted valuation (FDV) and
   places the complete initial supply in one one-sided liquidity position.
   **Moon Mode** targets a $10,000 starting FDV and divides the supply across
   seven ranges, making price movement respond differently as the token moves
   through higher valuations.
4. The quote token's allowlisted USD price feed determines the starting pool
   price. Tick rounding can make the realized starting FDV slightly lower than
   the target.
5. The creator contributes no quote token to the liquidity positions. Their
   NFTs are held permanently by a non-upgradeable custodian which has no path to
   withdraw principal. Accrued trading fees can still be collected and
   distributed.
6. Sushi initially receives 30% of trading fees and the remaining 70% follows
   the selected fee mode. Choosing the configured canonical SUSHI token as the
   quote token reduces Sushi's initial share to 20%, leaving 80% for the
   selected fee mode.
7. The creator can optionally make the first purchase in the launch
   transaction. If the exact-input or minimum-output checks fail, the complete
   launch reverts.

Moon Mode changes the liquidity curve; it does not prevent transaction
ordering, bots, or one buyer from traversing multiple ranges.

Continue with [For creators](/launchpad/creators) to launch and manage a token,
or [For integrators](/launchpad/integrators) to consume Launchpad data.