How it works
Three moving parts: the OG name registry, the bonding curve, and graduation to Uniswap.
The OG name registry
Before a token is created, its name and symbol are canonicalized to a fingerprint. If an OG already holds that fingerprint, the launch reverts. Canonicalization is deliberately aggressive so cosmetic variants collide:
- lowercased; all separators, symbols and punctuation stripped
- numeric leetspeak folded to letters (
0→o 1→i 3→e 4→a 5→s 7→t 8→b) - non-ASCII rejected (blocks unicode look-alike attacks)
Robinhood
robin hood
ROBINHOOD!!!
R0b1n-H00dThe bonding curve
Each token trades on a constant-product curve with virtual reserves (x·y=k). Price starts tiny and rises as people buy. Every trade pays a 0.5% fee, and 70% of that fee goes back to the token's creator (see Fees & tokenomics). Buys and sells have slippage floors and deadlines. The creator can make the first buy in the same transaction as the launch (a "dev buy").
Graduation
When the curve raises 8 ETH, the token graduates automatically: the collected ETH plus the reserved token supply seed a Uniswap pool, and the LP tokens are sent to the burn address. Liquidity is locked forever — nobody can pull it. Trading then continues on Uniswap. A buy that would overshoot 8 ETH is partially filled and the excess is refunded.