How it works
A token on GetBased moves through three phases: creation, bonding, and graduation. The contract handles every transition automatically.
1. Creation
Calling createToken deploys a fresh ERC-20 with a fixed supply of 1,000,000,000 tokens. All supply is minted to the launchpad contract — none to the creator. The creator pays a small fee to deter spam.
| Parameter | Value |
|---|---|
| Total supply | 1,000,000,000 |
| Bonding allocation | 800,000,000 (80%) |
| LP allocation | 200,000,000 (20%) |
| Creation fee | 0.0005 ETH |
2. Bonding
The 800M bonding allocation is sold through a virtual constant-product curve. Anyone can buy with ETH or sell back to the curve at any time. Price rises as more tokens are bought and falls as they are sold.
- Buys and sells both pay a 1% trading fee.
- Every trade includes slippage protection via a minimum-output amount.
- During the first blocks, an anti-snipe limit caps the size of any single buy.
Read the full math on the bonding curve page.
3. Graduation
Once the curve has collected 3 ETH of real liquidity, the token graduates. The contract pairs the collected ETH with the 200M LP allocation, adds it to Uniswap V2, and burns the resulting LP tokens. Any unsold bonding supply is burned too.
From that point the token trades like any other Uniswap token. See graduation for details.