How prepons works
The risk-free presale.
Put money in before a token launches. Hit the target and everyone gets tokens at one price, ahead of every bot. Miss it and everyone gets their money back. No token, no loss.
A pool is created with a target and a deadline. Contributors pay in while the clock runs. If the target is hit, one transaction launches the token and sends tokens back to every contributor at the same price. If the target is missed, every contribution is refunded.
A creator opens a pool with a target and a deadline.
Why buy through a pool
Around 33,000 tokens launch every day and bots win the first blocks of nearly all of them. A pool puts your buy inside the launch itself, so there is no race to lose.
Buying alone at launch
Buying through a pool
When your buy lands
After the bots. They are watching for the launch and they are faster than you.
Inside the launch transaction itself. There is no block for anyone to get in front of.
What you pay
Whatever price the first buyers leave behind.
One average price across the whole pool. Every contributor pays the same.
Snipe tax
Charged on the first seconds of trading.
Exempt. The pool's buy is part of the launch, not a trade against it.
If the crowd never shows up
You are already holding a token nobody wants.
Nothing launches. Every coin comes back to you.
Life of a pool
Four stages on one clock. The last one has two endings and the bar tells you which is coming.
Created
The creator fills in the Pons launch form, sets a target and a deadline, and pays the create fee. They are not required to put money in themselves.
Open
Anyone sends the pair asset in. The pool shows what your slice would be as it fills, and withdrawing is free right up to the deadline.
Deadline
The window closes when the clock runs out or the target fills, whichever happens first.
Settled
One of two things happens, and which one is already decided by the figure on the bar.
Target met
A single transaction creates the token, buys the curve with the whole pool, and sends tokens out in proportion to what each address put in. A pool sized to the whole curve graduates in that same transaction.
Target missed
No token is created. Every contribution goes back, and the creator gets the escrowed Pons launch fee back too.
Fees
Each fee settles inside the transaction that causes it. Nothing accrues in the pool waiting to be swept.
Creating a pool
Create fee
0.0001 ETH
Kept by prepons.
Pons launch fee
0.0005 ETH
Held in escrow, paid to Pons at launch, returned in full if the pool fails.
Contributing
Trade fee
1% of the buy
Taken on the way in and not returned, whether the pool launches or refunds.
Flat fee
0.00008 ETH
Sized against gas. It pays for your own payout, so settlement never waits on anyone.
Getting out
Withdraw before the deadline
Free
Claim tokens or a refund
Free
Every figure here is settable by the contract owner and read at runtime; these are the deployment defaults. A pool keeps the terms it was created with, whatever changes later.
Your exit never depends on us
Every line below is a call any address can make on the contract itself.
Before the deadline
Withdraw, in full, for no fee.
The deadline passed and the target was missed
Claim your refund.
The target was met but nobody settled it for a week
Claim your refund.
The pool launched
Claim your tokens, or wait for the push.
Pausing blocks new pools and new contributions. It can never block an exit. The one privileged power over the contract is an upgrade, behind a 48 hour timelock with a public event.
Questions
Chain
prepons runs on Robinhood Chain and settles its launches on Pons v2.
Network
Robinhood Chain
Chain id 4663, gas paid in ETH.
Contract addresses are published here on deployment, read from the deployment table rather than typed in, so this page cannot point at the wrong one.