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

# How a launch works

A launch creates the token and its bonding curve in a single transaction. From that block on, anyone can buy and sell it.

## Creating a token

On [surged.fun/create](https://surged.fun/create) you set:

* **Name and symbol.** Permanent once the token is live.
* **Image, description and links.** Your website, X and Telegram.
* **Creator tax.** An optional extra fee on every trade on the curve, up to 10%, paid entirely to you. It is fixed at launch and can never be raised or lowered.
* **Dev buy.** An optional first buy in USDC, made by your wallet inside the launch transaction itself.

Launching costs 1 USDC plus gas. The wallet that launches is the one that collects the creator's share of fees; see [Fees](/launchpad/fees.md).

## What every token gets

|             |                                            |
| ----------- | ------------------------------------------ |
| Supply      | 1,000,000,000 tokens, all minted at launch |
| Quote asset | USDC                                       |
| Trade fee   | 1% on buys and sells                       |
| Graduation  | at 12,000 USDC collected                   |

## A token with no special powers

Every token launched on Surged is a plain ERC-20. It cannot mint more supply, pause trading, blacklist a wallet or tax transfers. Neither the creator nor Surged can add any of that later.

## Launch protection

A new token is public the moment its launch lands, and bots watch the chain to buy it in that same block. To take the profit out of it, buys in the first blocks of a launch pay a **snipe tax** that starts at 99% and falls to zero over 6 blocks. Arc produces two blocks a second, so the whole window lasts about three seconds.

| Block after launch | Snipe tax |
| ------------------ | --------- |
| 0                  | 99%       |
| 1                  | 82.5%     |
| 3                  | 49.5%     |
| 5                  | 16.5%     |
| 6 and after        | 0%        |

* **Only buys pay it.** Selling is never taxed and never blocked.
* **Your dev buy is free of it**, because it happens inside the launch transaction.
* **Waiting three seconds avoids it entirely.** If a buy in the first blocks shows a large tax, it is working as intended.

The tax collected is split like the trade fee. See [Fees](/launchpad/fees.md).


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