> For the complete documentation index, see [llms.txt](https://docs.feel.cash/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.feel.cash/launch/how-launches-work.md).

# How launches work

Launch a coin on Feel.cash: choose its identity, chain, pairing, and Trade Feeling, then review supply, fees, and the onchain market configuration.

**Feel it. Launch it.**

A Feel.cash launch creates a coin, its Trade Feeling, and its market onchain in one flow. The important choices are visible before signing and immutable from the first trade.

You can also [launch directly from X](/launch/x-launcher.md) by mentioning `@feeldotcash` with an explicit request, including a stock pairing and chain if you want to choose them.

## 1. Create the coin

Choose its name, ticker, description, chain, pairing, Trade Feeling, and optional dev buy. Upload an image or generate one with AI directly in the launch flow.

**Every coin has a feeling. Design yours.** Trade Feeling controls how the coin's liquidity is distributed across price ranges. Choose a preset or draw the curve, then review its behavior before launch.

Feel.cash checks the request and reserves its ticker and URL before anything is deployed.

### Choose the pool pairing

**WETH is the default and recommended pairing** for creators who want a market with more price movement. **USDC** is available when a dollar-denominated pair is a better fit. The selected pair is shown before signing and cannot be changed after launch.

On Base, the launch form can also show [IPOD Pairings](/launch/ipod-pairings.md). An IPOD-paired coin trades in its own coin/IPOD pool, uses a protected multi-hop route to and from Cash, pays Creator Fees in IPOD, and funds IPOD buybacks.

On Base and Robinhood Chain, the form can also show tokenized-stock pairings. Only the options displayed in the live form are available for that launch. The pairing determines the asset used to quote the coin, the assets collected by the pool, and how the coin's price responds when the paired asset moves.

[IPOD Pairings](/launch/ipod-pairings.md) · [How stock pairings work](/stocks/stock-pairings.md) · [Companies and available stocks](/stocks/catalog.md)

### Choose who earns the fees

When available, the **Who earns them** switch lets you choose **Me** or **Holders** before launch. At the standard market fee, **0.85% of completed buy and sell volume** goes to the selected recipient:

* **Me:** you receive that share as Creator Fees.
* **Holders:** eligible holders share the entire 0.85% using TWAB. You receive no Creator Fees, although you can earn as an eligible holder if you hold the coin.

Choose the supported payout asset separately. Stock payouts to holders are **Holder Stock Rewards**. Check both the recipient and payout asset in the final review; the choice is fixed for the launch. Broader availability is being rolled out, so only use the options shown in your launch form.

[Creator Fees](/economics/creator-fees.md) · [Holder Stock Rewards](/stocks/holder-stock-rewards.md) · [Full fee split](/economics/fees.md)

## 2. Review the launch

The final review shows the chain, opening market configuration, fees, launch cost, and signing wallet.

New launches target an opening fully diluted valuation of approximately **$10,000**. Onchain price and tick rounding can move the exact value slightly. It is an opening configuration, not a guaranteed market cap, price, or liquidity level.

### Dev buy

An optional dev buy lets the creator purchase part of the supply as the coin goes live. It executes as the first transaction, before public traders and snipers, and is excluded from the sniper tax.

With the default Trade Feeling:

|  Dev buy | Approx. supply acquired | Approx. FDV after purchase |
| -------: | ----------------------: | -------------------------: |
|     $100 |                   0.98% |                     $10.4K |
|     $200 |                   1.93% |                     $10.7K |
|     $500 |                   4.58% |                     $11.9K |
|   $1,000 |                   8.46% |                     $14.0K |
|   $2,000 |                  14.67% |                     $18.6K |
|   $5,000 |                  26.29% |                     $33.9K |
|  $10,000 |                  38.37% |                     $50.6K |
|  $20,000 |                  52.85% |                     $94.1K |
|  $50,000 |                  68.52% |                    $362.3K |
| $100,000 |                  77.74% |                    $812.8K |

A dev buy is a market purchase, not a free creator or team allocation. The launch review shows the estimate for the selected amount and Trade Feeling.

## 3. Pay with Cash

Feel.cash calculates the launch price and free allowance on the server.

| Launch                                  |                            Price |
| --------------------------------------- | -------------------------------: |
| Base, while both free allowances remain |                             Free |
| Base, after either allowance is used    |                       $1 of Cash |
| Robinhood Chain                         | $1 of Cash from the first launch |

Base includes up to **3 free launches in a rolling 24-hour window** and **10 free launches over the lifetime of an account**. Both allowances must remain for the next Base launch to be free.

Cash payments settle in USDC on Base, including launches whose market is on Robinhood Chain.

## 4. Go live

Every new Feel.cash launch starts with the same transparent onchain defaults:

| Property                     | New launch                                               |
| ---------------------------- | -------------------------------------------------------- |
| Total supply                 | 1,000,000,000 tokens                                     |
| Supply placed in the pool    | 100%                                                     |
| Creator or team allocation   | 0%                                                       |
| Vesting allocation           | 0%                                                       |
| Dev buy                      | Optional; executes first and is excluded from sniper tax |
| Liquidity venue              | Uniswap v4                                               |
| Default pool pairing         | WETH; USDC can be selected                               |
| Liquidity migration          | Disabled                                                 |
| LP withdrawal by the creator | Not available                                            |
| Liquidity lock               | Permanent in the launch pool                             |
| Starting FDV target          | Approximately $10,000                                    |
| Opening protection           | Market fee decays from 50% to 1.5% over 15 seconds       |
| Trade Feeling                | Selected curve, frozen at launch                         |
| Contract pattern             | Starts with `0x` and ends in `fee1`: `0x…fee1`           |

The full token supply is placed into the market. The paired asset enters the pool as people buy; it is not a hidden creator allocation. No-op governance and migration keep the launch pool as the permanent pool, so the creator cannot pull the LP or move it elsewhere.

This lock describes what the launch configuration permits. It does not guarantee liquidity depth, balanced reserves, USD value, sellability, or a future market price.

## One payment, one launch

Payment and deployment are separate, recoverable steps. If payment succeeds and deployment is interrupted, retrying resumes the same launch instead of charging again or intentionally deploying a duplicate.

Keep the original launch open and retry it. Do not create a second launch to replace a pending one.

## What stays fixed

After deployment, the contract address, supply, pool, Trade Feeling, fee configuration, recipients, governance, and migration configuration cannot be changed for that coin. A later product update does not rewrite an existing launch.