Docs & Risk
What this demo actually is, which parts are live on-chain, and every way it can go wrong.
The launch token is a community token — NOT a stock, security, or share. It grants no ownership of, or claim on, the Stock Token reserve.
The reserve is an on-chain transparency mechanism, not a redemption or backing guarantee.
Not investment advice. Token value is not guaranteed.
Really on-chain
- Contracts deployed to Robinhood testnet (chain 46630) — addresses below, verifiable in the explorer.
- Token launches, trades, the reward split, and every stock purchase are real transactions on that chain.
- Reserve figures on the launch pages are indexed from those transactions, not authored by hand.
- The reward formula is compiled into the router as constants — it cannot be changed per launch.
Mocked for the demo
- Stock tokens are mock ERC-20s. They are not securities and track nothing.
- The launch venue is a mock of a launchpad, not the production protocol.
- The TikTok mention is entered by an operator rather than picked up by a live listener.
- USD values are estimates from a configured price, not a market feed.
- Testnet ETH has no monetary value, so no real money moves anywhere in this demo.
- Fee routerholds and splits rewards 55%/40%/5%0x75e1…7d9B ↗
- Launch factorydeploys the community token + pool0x5C6d…d34E ↗
- Stock allowliston-chain copy of the 6 permitted stocks0x00db…D93a ↗
- Swap routerbuys the stock token for the reserve0xF845…Cbe9 ↗
- Wrapped ETHreward denomination0x4473…0c71 ↗
- NVDANVIDIAmock, testnet — not a real security
- TSLATeslamock, testnet — not a real security
- MSFTMicrosoftmock, testnet — not a real security
- GOOGLAlphabetmock, testnet — not a real security
- AMZNAmazonmock, testnet — not a real security
- CEGConstellation Energymock, testnet — not a real security
A launch can only ever reserve one of these six. The same list is enforced in the matching model’s schema, in the router, and in the on-chain allowlist registry — a stock outside it cannot be bought even by a compromised operator.
The launch token can go to zero
It is a community token with no floor, no backing, and no obligation behind it. Treat any price as noise.
The reserve is not yours
It accrues to a project treasury address. Holding the launch token grants no claim on it and no right to redeem.
Rewards only exist if there is trading
The reserve grows out of trading rewards. No volume means no rewards and a reserve that stops moving.
Conversion is not instant
The reserve share is allocated first and converted to the stock token in batches, so allocated and converted amounts can differ. Pending amounts are labelled as such.
Smart contracts can fail
These are unaudited demo contracts. A bug or a key compromise could lose funds — which is one reason this runs on a testnet.
Custody is centralised
One operator key deploys launches and triggers conversions. This is not a trustless system.
Testnet demo. Stock tokens are mocks (not real securities). USD figures are estimates. Not affiliated with, endorsed by, or sponsored by TikTok, ByteDance, Robinhood, or pons. New here? Start with How it works.