07 — How it works

Tokens priced in real stocks, end to end

A launchpad where every token is paired with a Coinbase tokenized stock on Base. This page explains the mechanism in plain words; the technical reference lives in the docs.

Technical docs

The mechanism

01
Pick the stock your token trades against
The quote side of every pool is one of the 13 Coinbase tokenized stocks on Base: NVDAc, TSLAc, AAPLc and the rest. They are B20 tokens backed 1:1 by shares, each with a Chainlink price feed. Nothing here trades against ETH or USDC.
02
Create in one transaction
The factory calls the Base-native B20 factory to mint a token with exactly 1,000,000,000 supply, then opens a Uniswap v4 pool and deposits the whole supply as a single-sided position. On the newest launch factory you can also buy some of your token in that same transaction, and keep the image, description and links editable onchain. You pay 0.0001 ETH plus gas. There is no account and no sign-in.
03
Every token opens at the same valuation
The opening price is derived onchain from the stock's Chainlink feed so that each launch starts at a $5,000 fully diluted valuation. If NVDAc is $230, one NVDAc buys about 46 million tokens at launch. The valuation is a platform setting, bounded by the contract and never chosen by the creator, so no launch can open cheaper or dearer than any other.
04
Liquidity can never leave
The position is owned by the factory and the factory has no function that removes it. Buyers push the price up the curve, sellers push it down, and the stock that flows in stays in the pool as the other side of the market.
05
Nobody holds the keys to a token
No token launched here has an admin: nobody can mint, burn, pause, block transfers or touch the locked liquidity. If a creator chose an editable profile, the launch factory, a non-upgradeable contract, holds one metadata-only permission on that token. Its code uses it for exactly one thing: pointing the token at a new IPFS profile when the original creator asks. The creator can give it up for good. Name, symbol and supply can never change.
06
Fees are paid in the stock
Every buy and sell pays a 1% fee, always denominated in the stock (NVDAc, not the token). The hook books 70% to the creator and 30% to the platform as claims inside the pool manager. Creators withdraw from their wallet page whenever they like; nothing is held by a server.
07
Everything you see is read from the chain
An indexer waits for block confirmations, then records launches, swaps, transfers and fee events. Prices, candles, holders, volume and earnings are computed from those rows. Your own trade is the one thing shown before that: it is read from its receipt the moment it is mined and marked pending until the indexer records it. When a figure cannot be derived it shows as a dash, never as an estimate.
08
And it tells you without being asked
The same indexer feeds a Telegram channel: every launch, every large trade, every market cap milestone and every new high a token sets against its stock, posted within seconds of the block. The post is written into a queue inside the same database transaction that records the trade, so if the chain reorganises the announcement is withdrawn before it is sent rather than left standing about a trade that no longer exists.

Questions

Do I need an account?: No. Connect a wallet on Base and you can create or trade. The site never asks for a signature to log in.
How do I get NVDAc or another stock token?: Buy it on BStocks (basestocks.finance), the trading app in the same ecosystem, or through Coinbase and any Base DEX; base.org/stocks lists the venues. Coinbase tokenized stocks are available only to eligible persons outside the United States.
Why is the USD price marked "last close" on weekends?: Chainlink equity feeds update during US extended trading hours and hold the last close in between. Token prices in stock terms keep moving; the USD conversion uses the last feed value.
What does the creator get?: 70% of every swap fee, in the stock, claimable at any time from the wallet page. The creator holds nothing unless they buy. On the newest launch factory they can buy in the launch transaction itself, and the token page then shows "Dev buy P%".
Can I buy my own token when I launch it?: Yes, if you want to, on the newest launch factory; the first one has no buy at launch. The buy happens in the same transaction that creates the token, so nobody can trade before you. You pay in the stock, with the same 1% fee as any buy, and 70% of that fee comes back to you as creator fees. If the stock's price moves more than your tolerance before the transaction lands, nothing is launched and you only pay gas. This site does not allow a buy of half the supply or more.
What does the platform get?: 30% of swap fees plus the 0.0001 ETH creation fee.
Can the creator pull liquidity or mint more?: No. No token launched here has an admin, and the factory has no withdraw function. Both are enforced by the contracts, not by policy.
Can the creator change the token after launch?: Only the profile: image, description and links. Name, symbol, supply, the pool and the fee split are onchain and never change. The creator picks one of two kinds of profile at launch. Fixed, the default: the onchain record never changes, and the creator can still update what this site shows by signing a message with their wallet (a message, not a transaction); the page says it was updated by the creator, with the time. Editable, on the newest launch factory only: only the creator's wallet can point the token at a new IPFS profile, onchain, and the page shows how often and when it changed. The creator can lock an editable profile at any time, and after that nobody can point the token at a different profile again. The page says so if part of the profile is served from an address whose content can still change.
Why is my trade marked "pending"?: Your trade moves the chart, the price and the trades list as soon as your wallet reports it mined, read straight from the transaction receipt. The indexer records a block a few seconds later, once it is confirmed, and the indexed row replaces the pending one with the same numbers. Other people's trades appear when the indexer records them. Pending rows live only in your browser: a reload shows indexed data alone, and a trade that is never indexed (a rare Base reorg) stops showing after three minutes.
Can I burn my tokens?: Yes. If your wallet holds a token, its page shows a Burn button. Pick an amount, tick that you understand it is permanent, and your wallet sends the tokens to 0x…dEaD, an address nobody holds the key to. The token has no burn function, so its supply on the contract stays one billion; this site counts what sits at that address as burned and shows it on the token page, in the lists and in the stats. Nobody is paid for a burn, and nothing can undo one.
What is a "dev" trade?: A swap made by the wallet that created the token. They are marked on the chart and in the trades list so buyers can see when a creator is buying or selling.
Can I put trading or launching on my own site?: Yes. The Widgets page gives you one iframe that trades any token here and one that is the create form, with a live preview and your own colours. Visitors connect their own wallet inside the widget and sign there; your site never holds their funds, keys or approvals. A token launched in the create widget belongs to the visitor who launched it, with the creator's 70% of fees, exactly as if they had used this site. Fees are the same, and the host site gets no share of them.
Is there an API for my own app or bot?: Yes, and it needs no key. It serves the markets, prices, trades and holders, and for a trade or a launch it returns the exact transactions, ready to sign. Your user's own wallet signs and sends them straight to the contracts, so nothing is held for anyone and the fees are the same as on this site. One caller may only ask so often a minute. The API reference has a working trade and a working launch to copy, every field and error, and a Try it button on each route.
I am connecting from the United States. Can I still use it?: Every token here trades against a Coinbase tokenized stock, and those are offered only to eligible persons outside the United States. A connection from the US is asked to confirm that the person does not live in the United States and is not a US citizen or resident; after that they create and trade like anyone else. The answer stays on that device for 30 days and nothing about the person is recorded. Browsing is open to everyone either way.
Will the Telegram channel post my token?: Launches all get posted. After that a trade is announced when it clears $500, or when it is a meaningful share of that token’s own day and still worth a reader’s attention — not every buy and not every sell, because one busy token posting every trade would bury every other one. There is nothing to configure and no account; the channel is the same feed for everybody.

The deal, in numbers

Supply1,000,000,000 · fixed

Liquidity100% locked, forever

Opening valuation$5,000 FDV

Swap fee1% · in the stock

Creator share70% of every fee

Platform share30% of every fee

Buy at launchoptional · same 1% fee · newest factory

Profilefixed, or editable until locked (newest factory)

Creation fee0.0001 ETH

Widgetstrade · create · any site

APIpublic · no key · ready-to-sign transactions

NetworkBase · chain 8453

Factory0xbDfDa19a…

Create a token Get alerts on Telegram See the 13 stocks →Put trading on your own site →Build on the API →