Bitcoin's issuance, applied to every coin.

21,000,000 coins, minted once

Launching deploys a plain ERC-20 with a fixed supply of 21,000,000, minted in its constructor to the launchpad. It has no mint function, no owner, no pause and no blacklist. The only way the supply moves is down: anyone can burn their own coins, and the protocol burns what it buys back.

Four eras, four halvings

The launchpad sells coins against cbBTC on a curve made of four price ranges. Each era raises a quarter of the tier's target, and each starts at twice the price of the one before. Equal bitcoin at double the price buys half the coins: 9.42M, then 4.71M, 2.36M and 1.18M.

Inside an era the price rises smoothly as coins are bought. Selling walks back down the same curve, so the curve always holds exactly the bitcoin it needs to buy every coin back.

Graduation: a pool nobody can drain

The buy that completes the fourth era graduates the coin in the same transaction. Every satoshi the curve raised, plus the 3.33M coins it kept back, go into a full-range Uniswap v3 position at the curve's final price, so trading continues without a jump. Unsold dust is burned.

The position belongs to the migrator contract, which has no function to remove liquidity or move it. Its fees can be collected by anyone: the cbBTC side is shared out, the coin side is burned.

Fees

• 60%
  Creator share

  To the creator, to every holder, or to a Bitcoin address. Chosen at launch, fixed forever.

• 30%
  Burns SPLIT

  Buys the platform coin and burns it.

• 10%
  Treasury

  Runs the indexer, the keeper and the site.

The trading fee is 1% of the bitcoin side. In the first three seconds after launch it steps down from 49.99% to 33.66% to 17.33% so bots cannot snipe the opening price; the creator's own first buy, made inside the launch transaction, pays 1%. After graduation the pool's 1% fee is split 80% creator share, 15% burn and 5% treasury.