Why did we build this?

Bonding curve launchpads drifted toward extraction because incentives were set wrong.

Creator rewards became too high and too immediate, encouraging rapid dumps instead of long-term ownership. Bundle and rug bots exploited low-cost execution to scam unsuspecting newcomers. Snipers and high-frequency strategies extracted value from early liquidity without contributing to price discovery. High swap fees compounded the problem by taxing real traders while rewarding automated fee-recovery strategies.

The result was predictable: short token lifetimes, adversarial markets, and a system where success required being faster, more anonymous, or more extractive than everyone else.

This protocol exists to level the playing field.

Costs are lowered for legitimate traders and creators, while extractive behavior is priced out rather than selectively blocked. Creators are rewarded for durability, not abandonment. Traders are rewarded for real participation, not speed or privilege.

To reinforce this, the protocol redistributes value back to the participants who sustain it. Traders and creators earn ongoing airdrop rewards for verified activity, aligning usage with ownership. The native token can be staked to receive a proportional share of all protocol fees, ensuring that long-term supporters directly benefit from the system's growth.

Ultimately, the thesis is simple: if more traders and more creators can succeed sustainably, the protocol succeeds with them.

Bundle-style launches require multiple coordinated transactions executed with minimal per-transaction cost. When these transactions originate from unverified signers, each transaction is charged under the unverified fee schedule. The cumulative fees applied across the bundle exceed the margin available to typical bundle-based strategies. When bundle transactions originate from verified signers, the signer relationship is explicit and externally accountable. No additional bundle detection, sequencing, or mitigation logic is applied.

Sniper bots and other high-frequency swap strategies rely on small price discrepancies captured across a large number of rapid transactions. These strategies assume low marginal cost per swap and depend on transaction volume to generate net profit. Unverified swaps incur a fixed 2% fee at execution, which materially exceeds the expected edge captured per transaction. Under this fee structure, repeated high-frequency execution results in negative expected value.

The system does not inspect the mempool, delay transactions, or apply ordering logic. Fees are applied uniformly at execution without regard to transaction frequency or timing. Sniper and high-frequency strategies are not blocked or filtered; they are subject to the same fee schedule as all unverified activity.

Airdrop rewards are distributed in the protocol token, SEND. These rewards are allocated across three activity categories: token creation, trading volume, and token migration. Token creators receive SEND rewards for verified token creation and for completing verified migrations. Traders receive SEND rewards proportional to verified swap volume. All airdrop reward calculations are based on executed activity measured post-fee.

Airdrop rewards are restricted to verified sources. Token creations, swaps, or migrations originating from unverified signers do not accrue SEND rewards for either creators or traders. Verification status is evaluated at execution and applied uniformly across all reward categories. Failed transactions and non-economic interactions are excluded from reward accounting. There are no discretionary adjustments or retroactive rewards.

Each swap records its classification and executed volume. For each token, the system maintains aggregate counts of verified versus unverified swaps and aggregate verified versus unverified volume. These aggregates are direct sums derived from execution data. No weighting, smoothing, ranking, or normalization is applied.

Participation ratios are derived directly from these aggregates. They represent the proportion of activity originating from verified signers relative to total activity for a given token. These values are exposed as raw data without interpretation or scoring.

This gives visibility into where trading activity is coming from, including cases where a large share originates from unverified sources.

The protocol includes a staking mechanism for the SEND token. SEND holders may stake tokens to receive a proportional share of protocol fees.

A fixed portion of all protocol fees, including launchpad swap fees, DEX swap fees, and coin creation fees, is allocated to stakers. Fee contributions are applied uniformly at execution and include fees generated by both verified and unverified activity.

Staking rewards accrue proportionally based on the amount of SEND staked relative to total staked supply. Staking provides no execution, verification, or governance privileges and serves solely as an economic participation mechanism.

Staking rewards are derived from protocol usage and are not guaranteed. Past performance does not indicate future yield or returns.