Token Launch

When a campaign reaches its USDC funding target, the platform automatically launches a community token via the Bags.fm API. If a campaign expires after raising at least 25% of target, the same launch flow is triggered automatically using the collected funds. This is a fully automated process — no manual action is needed.

Prerequisites

Campaign status must be funded (target amount reached)
The campaign must have at least one image (used as the token logo)
A token ticker should be set (falls back to the campaign slug if not provided)

The 5-Step Launch Process

Create Token Info
The platform registers the token with Bags.fm using the campaign's title as the token name, the token_ticker as the symbol, the first campaign image as the logo, and the X handle if provided. The Bags API returns a tokenMint address (the Solana SPL token mint) and metadata URL.
Configure Fee-Sharing
A fee-share configuration is created on-chain that maps each eligible contributor's wallet to their proportional share of trading fees (measured in basis points out of 10,000). See Fee Distribution for details.
Create Launch Transaction
The platform requests a launch transaction from the Bags API. This transaction deploys the token on the bonding curve with zero initial buy (no insider allocation).
Sign Transaction
The platform's escrow wallet signs the launch transaction.
Broadcast
The signed transaction is submitted to the Solana network. The platform first attempts to broadcast via the Bags API, then falls back to a direct Solana RPC submission if needed.

After Launch

Campaign status transitions to launched
The token mint address is stored in the campaign record
Trading fee revenue begins flowing to the configured fee-share recipients
The campaign page displays the token information and a link to trade

Token Ticker Rules

Rule	Detail
Length	2–10 characters
Characters	Uppercase letters and numbers only (A-Z, 0-9)
Auto-formatting	Lowercase input is automatically uppercased

Fee Tier Options

When creating a campaign, you can select a trading fee tier that determines how much of each trade's value is collected as fees:

Tier	Fee Rate	Description
Default	2%	Balanced fee rate suitable for most campaigns
Low Early / High Later	0.25% → 1%	Lower fees during bonding curve, higher after DEX migration
High Early / Low Later	1% → 0.25%	Higher fees during bonding curve, lower after DEX migration
High Flat	10%	Maximum fee rate — maximizes fee-share revenue

The fee tier is set at campaign creation and cannot be changed after the token launches.

Failure Handling

If any step in the launch process fails:

Campaign status transitions to launch_failed
Error details are recorded in the campaign metadata
If the campaign expires below 25% of target, refunds are triggered instead of launch
If the campaign expires at or above 25% of target, launch still proceeds and the collected USDC is disbursed to the creator wallet

Idempotent Retries

The launch process stores intermediate state after each step. If a failure occurs mid-process, the system can resume from where it left off without duplicating work — token info isn't re-created if already registered, and fee-share configuration isn't re-submitted if already set up on-chain.