The bonding curve

There is no order book and nobody sitting on the other side. The price comes out of a formula: the more tokens get bought, the higher it climbs, along a curve fixed at launch and impossible to bend afterwards.

Whoever dumps the token picks the bonding target (how much has to be raised before the token migrates) between 3 and 6.5 ETH. The target only changes the scale, never the shape: the price multiple from launch to migration is roughly 4.5× at any target.

A lower target crawls out sooner. A higher one leaves a deeper pool behind.

Two ways out, depending on the bin

New classic tokens: selling uses the current curve price, minus the 1% fee. Buy at a $20K market cap, watch it halve, and nothing behind you catches the money: you get the curve value, whatever it has become. The transaction preview shows the quoted proceeds before you sign.

Older protected bins only: those contracts were deployed with a second way out, and it still works. It pays back your eligible contribution minus the 1% fee instead of the current curve value, and it keeps working for as long as the token is on the curve. You call it on that bin’s launchpad contract, not on the ERC-20: open the launchpad address on the explorer, go to the verified contract, and it is the write call that takes a token amount and sends native back. Nobody can take it away from the people sitting on those bins. Nothing new is launched this way any more. Contract and execution risk still apply.

What you can dump here

What a new token can be, in one place. Every one of these sets like concrete the moment the token is created, and none of them can be changed after.

Where the creator’s cut goes

The creator’s share of the trading fee has three places it can end up, and this one is a real choice. You pick it at launch and then it is welded shut.

Fees

The curve exit fee never reaches the creator. 1% on a classic sell, and on an older bin paying somebody back: the platform keeps it, or splits it 75/25 with whoever dragged the seller in. Nobody who launched the token earns a coin off you walking away.

Referrals

Every profile comes with a referral link whether you wanted one or not. Share it, and anyone who buys through it is tied to you on that token for good: on-chain, nothing to claim, nothing to register with anybody.

How the link sticks

Your link is letstrash.fun/?ref=<your address>, or the shorter letstrash.fun/r/<your code> if you have set a profile code. The address rides along with the first buy that person makes and gets written into the token’s contract.

Two things fall out of that, and both matter:

It is set once per token. The first buy decides it. Nobody can paint over it afterwards: not the buyer, not another referrer, not us.

It is stored per token, not per person. Dragging somebody to one token does not sign them up on every other one. Their next buy on a different token records you again only if they turn up with your link again.

You cannot refer yourself. The contract rejects a referrer equal to the buyer, so do not bother trying.

What you get out of it

You get paid when somebody you dragged in leaves. On a curve sell — and on an older bin paying somebody back — the 1% exit fee splits 75% platform, 25% you, landing in your wallet inside the same transaction, with nothing to claim.

Buys pay you nothing. The 1% on a buy is split 75/25 between the platform and the creator, and no slice of it reaches a referrer. The link still has to ride in on that first buy, because that is the transaction that writes your address into the contract.

Where the link and the money live

The link is on every token page and in the Referrals tab of your profile, which also shows what has landed so far. Payouts turn up on their own as they happen, so there is no pot sitting anywhere waiting for you to come and dig it out.

Migration

When the curve reaches its target the token bonds and climbs out of the heap: everything raised, minus the platform fee, goes into a Uniswap pool together with the remaining token supply.

The LP tokens are sent to a burn address. Not locked, not vested: torched. Nobody can ever pull that liquidity out, us included. Go check on the explorer: the LP balance sits at an address whose private key does not exist and never did.

At the same moment the token’s owner() becomes the zero address. Every privileged function stops working, for good, for everybody.

Forced migration

Once a curve passes 70% of its target, anyone can force the migration early for a flat 0.10 ETH fee. It exists so a token cannot be held hostage by a creator who wandered off and never came back.

After it crawls out

The token trades on Uniswap like any other. A 1% tax applies to swaps against the pool (wallet-to-wallet transfers are free) and where it goes depends on the launch mode.

The tax piles up inside the token contract and is converted in batches once it passes a threshold, rather than on every trade, because doing it every time would make trading far more expensive in gas.

Stock tokens

A stock token works like any other token on the heap, with one difference: a share of every trade is converted into a tokenized stock and handed to the people holding it. Hold the token, collect the dividend. No staking, no claiming ritual, nothing to lock away.

Whoever dumps the token picks the stock at launch: a tokenized AAPL, NVDA, GME and so on. It is the same asset for everyone holding that token.

The tax

The creator sets a trade tax between 0.5% and 5% per side, so up to 10% on a round trip. Yes, that is a lot. It applies to swaps against the pool; wallet-to-wallet transfers are free.

The tax piles up inside the token contract and is converted in batches, once it passes 0.05% of the supply, rather than on every single trade: converting each time would make trading far more expensive in gas.

Getting paid

Dividends are pushed to holders on their own as they pile up. Below the payout threshold they sit there as claimable and you scoop them out yourself from Profile → Stock rewards, which also shows what has already landed, token by token.

Sell the token and the future dividends stop. It does not touch what has already been paid out: that is yours, in your wallet, nobody can reach it.

Curve, fees and migration

Identical to a normal token: 1% on buys, 1% on curve exits, 5% of the raise at migration, and the LP burned when it bonds. Everything in The curve & exits applies here too.

Public API

Everything this site reads, you can read. No key, no sign-up, no rate plan: these are the same endpoints this page is hitting right now, so if a number is on the screen you can pull it as JSON.

Base URL is https://letstrash.fun. Every chain runs its own backend, and you pick one with the ?chain= parameter: robinhood, bsc, hyperevm, arc, solana. Leave it out and you land on Robinhood Chain.

Market data

One token

Every route below takes the launchpad address, not the address of the ERC-20. Mix them up and you get nothing. The token list hands you both.

Live updates

These are server-sent event streams, not polling. Open one with EventSource and you get a message per event instead of knocking on the door every few seconds.

Contracts

The factory is the only address you need to follow a chain from scratch: every launchpad is deployed by it, and every one of them emits TokenCreated. From there the launchpad itself emits Buy, Sell, Bonded and one more exit event that only ever fires on the older protected bins. The verified ABI on the explorer lists all four with their exact names and arguments.

After a token bonds, trading moves to a pair on the DEX and the launchpad goes quiet for good. The router below is the one it migrates to, so the pair is getPair(token, wrapped native) on that router's factory.

Fair use

Responses are cached at the edge for ten to thirty seconds depending on the route, so hammering it faster than that gets you the same bytes back. If you want to react the instant something moves, use a stream: that is what they are for.

There is no key and no quota today. If something starts hurting we would rather hand you a key than switch you off, so put a contact in your user agent and we will find you before we do anything.

Two things are deliberately not public. Our RPC proxy, because the node key is ours and so is the bill: read the chain with your own provider, the factory addresses above are all you need. And anything that writes or signs in, which sits behind a signature or a session token.

Read this before you put money in

The contracts are unaudited. They execute exactly as written, and nobody independent has ever reviewed them. If there is a bug in there, it is your money that finds it. They are verified on the explorer: go read them.

New classic tokens pay back nothing but the curve. Sell and you get what the curve is worth at that moment, minus the fee. That can be a fraction of what you put in, and you can lose every coin of it. Older protected bins keep a pre-bond pay-back mechanism: that is not a guarantee of profit, and not a guarantee the transaction goes through. It does nothing for you after migration, and it does not make any token a good investment.

Scanners will flag these tokens. The token carries a transfer tax, and before bonding the launchpad can pull tokens straight back out of a holder’s wallet. That is not some leftover from the old bins: it is how every curve exit here works, a classic sell exactly as much as an older bin paying somebody back. No automated tool can tell that apart from a malicious contract, so expect warnings, and read the code yourself instead of trusting a green tick.

Most tokens fail. Most of what gets thrown on a heap is rubbish, here and on every other launchpad. A classic curve does not protect what you put in and does not improve the odds one bit. Assume the money is gone, and be pleasantly surprised if it is not.