> ## Documentation Index
> Fetch the complete documentation index at: https://docs.makx.io/llms.txt
> Use this file to discover all available pages before exploring further.

# Launchpad Overview

> Launch meme coins on Uniswap V4 with real liquidity from block one. No bonding curve. No migration.

## What is makx.io?

makx.io is the meme coin launchpad face of the Makx protocol. Token creators launch directly onto Uniswap V4 — in a single transaction — using liquidity rented from the Makx Yield Vault. There is no bonding curve and no migration step.

***

## How a launch works

1. A creator selects a target market cap. The UI derives the required rental payment.
2. The creator calls `createToken()` with their rental payment plus an optional dev buy amount.
3. Makx borrows that ETH value from the vault as `bondAmount`.
4. 1,000,000,000 tokens are minted and added to a Uniswap V4 full-range pool together with the borrowed ETH.
5. The creator's dev buy executes immediately at the launch price.
6. The pool is live. Trading starts at block one.

**One transaction. No curve. No wait.**

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## The rental model

Liquidity is not owned — it is rented. The creator pays a continuous per-second fee for the ETH that backs their pool. At launch they prepay a minimum rental duration (30 days by default). As long as rent is current, the pool stays active and trading fees flow to the creator.

If the creator stops paying rent:

* A grace period begins, blocking fee claims.
* When the launch crosses the liquidation threshold, anyone can liquidate.

See [Token Lifecycle](/launchpad/token-lifecycle) for the full state machine.

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## Who benefits

| Role              | What they get                                                                                       |
| ----------------- | --------------------------------------------------------------------------------------------------- |
| **Token creator** | Instant deep Uniswap V4 liquidity without owning the ETH. Earns hook fees and LP trading fees.      |
| **Traders**       | Real liquidity on Uniswap V4 from block one. No cliff, no curve. Full-range LP means no dead zones. |
| **Liquidators**   | Earn surplus ETH, accumulated hook fees, and all pool tokens when a launch expires without renewal. |

***

## Key properties

* Fixed supply of **1,000,000,000 tokens** per launch. No minting after creation.
* All tokens enter the Uniswap pool at launch — none are held back.
* Full-range liquidity only — no concentrated position risk.
* LP NFT is held by the protocol contract and cannot be transferred by anyone except through the recovery mechanism.
* Bond principal is **mathematically guaranteed** to be recoverable. See [Architecture](/contracts/architecture).