# Launchpad

Sushi Launchpad lets anyone create a token and open its market in one
transaction. V1 is available on Robinhood Chain and creates a fixed supply of
one billion tokens with 18 decimals.

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

## How it works

1. The Launchpad contract deploys a new ERC-20 token. The connected wallet
   becomes its initial creator.
2. The contract creates a SushiSwap V3 pool between the new token and the
   selected quote token. Launchpad pools use the 1% fee tier.
3. The contract uses the selected quote token's allowlisted USD price feed to
   target a $5,000 starting fully diluted valuation. The realized valuation can
   be slightly lower because the pool price is rounded to a valid V3 tick.
4. The liquidity allocation is deposited one-sided: the position begins with
   the new token and does not require the creator to contribute the quote token.
   Each launch creates one position extending from the starting price to the
   maximum usable price boundary.
5. The Launchpad contract permanently holds the V3 position NFTs. Position
   principal cannot be withdrawn, while accrued trading fees can be collected
   and distributed.
6. The creator can optionally make the first purchase in the same transaction.
   If the purchase fails its input or minimum-output checks, the entire launch
   reverts.

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