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01Coins02How it works03Docs04Launch
02 / 07

LAUNCHING

What happens in the launch transaction, step by step.

A launch is one transaction, signed by you in Phantom, that does all of the following atomically:

  1. create_v2: creates the coin on Pump (SOL-paired, normal coin).
  2. create_fee_sharing_config: makes the coin's creator the per-mint fee-sharing config.
  3. update_fee_shares: sets the only shareholder to the AGENCY treasury at 100%. Pump allows this once, so it is locked.
  4. Optional dev buy: you buy tokens for yourself in the same transaction.

Because these steps are atomic, the coin can never exist on chain with fees routed anywhere else. AGENCY builds and simulates the transaction, Phantom signs it, and your browser adds the mint key's signature. AGENCY rejects it if a single byte changed.

Activation

The coin page shows LAUNCHING until AGENCY's launch verifier reads the chain and confirms that the transaction created this mint, used only allowed programs, and that 100% of fees are locked to the treasury. Only then is the coin activated.

What you pay

Pump's creation cost, network fees and any dev buy, all from your wallet. AGENCY never signs a launch.