The lifecycle
How it works
From a draft in the Forge to rules firing on every trade on the token's own pool. The contracts are live on Elysium and unaudited.
Stage 01
Create
The creator names the token, picks a ticker and uploads an image and description. These are public. The Forge builds the configuration locally; nothing is on-chain until a wallet signs.
Stage 02
Configure
Pick the abilities and their parameters. Trading fee: 0.5% to 2%. The protocol keeps 20% of fees; the rest is split between the creator and the enabled abilities. A creator can also buy at launch, up to a hard limit.
Stage 03
Launch
One transaction deploys the token and its pool through the factory. The configuration is immutable afterwards. Only pools created by the factory are recognised by this app.
Stage 04
Trade
Anyone can buy and sell. Every trade sets a minimum amount out and a two minute deadline, so it fails instead of filling at a worse price than your slippage allows.
Stage 05
Distribute
Fees flow to the enabled abilities. King of the Hill pays the current King. Buyback and burn buys the token back and burns it, at most once every 5 minutes. Holder rewards go to stakers, with a 24 hour unstake cooldown, and only start once 1,000 tokens are staked in total.
Stage 06
Observe
Token pages show the rules, the King, burns, stakers and recent trades. Quotes and balances are read from the chain; lists and statistics come from an indexer that may lag, and the app says when it does.
Per-ability rules
- King of the Hill
- A single buy above the minimum claim becomes King for the configured window and earns a share of fees while crowned. A bigger buy takes the crown. The King is dethroned if it sells through the pool or if its holdings (wallet plus staked or pending in the pool) drop below 50% of its crowning buy, and the crown also expires after the window.
- Buyback and burn
- Fees collect in HYPE. Past the burn threshold anyone can trigger a buyback of the token from its own pool, which is then burned.
- Holder rewards
- Stake the token to earn a share of fees in proportion to your stake. Unstaked tokens earn nothing.
- Anti-sniper
- A surcharge that decays to zero over the launch window, plus an optional wallet cap that limits purchases from the pool during the cap window (not holdings). The cap can be sidestepped with several wallets.
What the rules cannot do
- The rules apply only to trades through the token's VOLTAHOOKS pool. Trades on other venues bypass them. Plain wallet-to-wallet transfers are normal ERC-20 transfers.
- The wallet cap is sybil-able: one person can hold tokens in many wallets.
- Holder rewards start only when at least 1,000 tokens are staked in total.
- No rule guarantees value or demand. The contracts are unaudited.