How it works

From one transaction to a locked pool, and 90% of every trading fee paid to the people holding the coin.

Launch control terminal · Kinetiq Elysium testnet

kLaunch launch-control · elysium testnet [ OK ] Kinetiq Elysium testnet [ OK ] core launch contracts built and tested [WAIT] trading app coming soon

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Trade fee

1.50%

Every buy and sell, paid in the quote token

To holders

90%

Of each fee, streamed over 12 hours

Price run

14.15×

First buy to graduation, every coin

Elysium block

…

Live from the testnet RPC

Launch sequence

T-minus to rewards

T-3
Create
Anyone deploys a coin with a name, a ticker and a quote token. All 210,000,000 tokens are minted once, straight to the curve. The creator gets no free bag. The coin has no owner, no mint function, no blacklist and no transfer tax.
T-2
Climb the curve
79% of the supply sells on a bonding curve. The price rises smoothly as people buy and falls as they sell, and it always has a quote. It climbs 14.15× from the first buy to the last.
T-1
Pay the fee
Each trade pays 1.5% in the quote token (tUSDC, HYPE or $KFUN), never in the memecoin. The split is locked in when the coin launches: 90% to holders, 9% to the treasury, 1% to the creator.
T-0
Graduate
The buy that fills the curve also graduates the coin. The raised quote and the reserved 21% seed an AMM pool that opens at exactly the curve's last price. The LP tokens are locked forever.
T+
Collect
Holders' fees build up in a pot. Once the pot reaches a threshold, anyone can start a batch, and it streams to holders over 12 hours according to how much they held and for how long. Claim whenever you like.

Fee router

per trade

   1.50% of every trade, in quote
                    │
      ┌─────────────┼─────────────┐
      │             │             │
     90%           9%            1%
┌─────┴─────┐ ┌─────┴─────┐ ┌─────┴─────┐
│  HOLDERS  │ │  TREASURY │ │  CREATOR  │
│  pro rata │ │   + dust  │ │ claimable │
└─────┬─────┘ └───────────┘ └───────────┘
      │ pot ≥ threshold
      ▼
  distribute() → streams 12 h → claim()

 90% ████████████████████████████████████
  9% ███▌
  1% ▌

The split is fixed per coin at launch and can never be changed for it. Rounding dust goes to the treasury, so rounding never creates tokens out of nothing.

Bonding curve

price × start

  15× ┤
      │                                                       ▄
      │                                                      ▂█
      │                                                     ▂██
      │                                                    ▂███
  10× ┤                                                   ▄████
      │                                                 ▁▆█████
      │                                               ▁▄███████
      │                                             ▁▄█████████
      │                                          ▁▃▆███████████
   5× ┤                                      ▁▂▄▆██████████████
      │                                ▁▁▃▄▅▇██████████████████
      │                      ▁▁▁▂▃▄▄▅▆▇████████████████████████
      │▁▁▁▁▁▁▂▂▂▂▃▃▃▄▄▅▅▅▆▆▇███████████████████████████████████
      │████████████████████████████████████████████████████████
    0 └────────────────────────────────────────────────────────
       0%           25%           50%          75%         100%

Price as a multiple of the first buy, by share of the curve sold. Plotted from the curve formula (x·y = k over virtual reserves). Halfway, it's 2.5×. At sell-out, 14.15×.

Terminal

interactive · runs in your browser

The quote command runs the contract's own curve math, with the same rounding, on a fresh curve with the provisional testnet targets. It's a simulation, not a live price.

Interlocks

what the contracts refuse to do

[ TESTED ]Fixed supply. No owner, no mint, no blacklist, no transfer tax on any coin.
[ TESTED ]The 90/9/1 split is locked when a coin launches. Nobody can change it later, including us.
[ TESTED ]A pause can only stop new launches. It can't freeze trading, sells or claims.
[ TESTED ]Quote tokens must pass a live transfer test to be listed. Fee-on-transfer, rebasing and hook tokens are rejected. Every listing change waits 48 h.
[ TESTED ]Every rounding favours the pool. Thousands of 1-wei trades can't extract anything.
[ BY DESIGN ]The protocol never sells your memecoin to pay rewards. Rewards come only from fees paid in the quote token.
[ BY DESIGN ]No upgradeable proxies on the coin, the curve or the rewards. The code you check is the code that runs.
[ BUILDING ]Graduation happens once, inside the buy that fills the curve. It's protected against pre-seeded pools, and the LP can never be withdrawn.

$KFUN → $sKFUN

coming soon

  stake(KFUN) ──► sKFUN  earning
                  │
     requestUnstake()   stops earning now
                  │
          ┌───────▼────────┐
          │  3-day queue   │  earns nothing
          └───────┬────────┘
                  │ unlockTime reached
             withdraw() ──► KFUN back, exact

$KFUN is the platform token: 2.1B supply, minted once. Stake it for $sKFUN and earn a share of chain rewards. Those include Kinetiq's builder allocation of sequencer revenue plus anything the treasury routes in, streamed to stakers in whatever token they arrive in.

The 3-day unstake queue and the streaming mean nobody can stake just before a reward drop and leave right after with a full share.

Roadmap

Milestone	Progress	State
Core launch: factory, bonding curve, fee router	████████████	BUILT
Holder rewards: pot, 12 h stream, claims	██░░░░░░░░░░	BUILDING
Graduation to a locked AMM pool	░░░░░░░░░░░░	NEXT
$KFUN staking and chain rewards	░░░░░░░░░░░░	NEXT
Security hardening and review	░░░░░░░░░░░░	NEXT
Testnet launch and trading app	░░░░░░░░░░░░	SOON
Mainnet, with Elysium mainnet	░░░░░░░░░░░░	LATER

Launch sequence

Create

Climb the curve

Pay the fee