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A launch has three main parts: setup, ticket sale, and settlement. Each part is on-chain, driven by a few parameters instead of ad-hoc decisions.

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1. Setup: Rules, Not Hype

The founder configures:
  • Total token sale supply and ticker.
  • Team allocation and its vesting schedule via Streamflow (standard band tiers system).
  • Ticket price, maximum tickets per wallet, and min/max caps in SOL.
  • External identity proofs so users see who owns the launch, not just the wallet.
Once deployed, these rules cannot be silently changed; the smart contract enforces them for the whole launch.

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2. Ticket Sale: One Simple Action

Participants buy tickets from the launch contract using SOL.
  • Each ticket represents a claim on tokens if the sale succeeds.
  • Per-wallet limits keep a single whale from taking everything in one shot.
The sale runs until a defined end time.

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3. Settlement: Three Clear Outcomes

At the end, the contract checks how much SOL was raised and applies a simple decision tree:
1

Below min cap

Everyone gets a refund in SOL, no tokens are distributed.
2

Between min and max cap

All valid tickets share the tokens pro-rata.
3

Above max cap

The extra demand triggers a raffle and anti-whale logic, so oversized entries are trimmed first.
Nobody needs to trust a manual drawing; the contract resolves it deterministically from on-chain data.