Start here

Launching costs a small amount of SOL in network fees and account deposits. We estimate roughly 0.04 SOL, but we have not measured it on the live network, so keep at least 0.1 SOL in the wallet. You do not put any money into the pool. You can lose money if you buy your own token and its price falls, or if something goes wrong in code that has not been audited. Launch a throwaway test first.

No, not from the launch. All 1 billion tokens go into the pool and can never be taken back out. You will receive part of the trading fees in your own token, and you can buy up to 10 percent of the supply in the same transaction that opens the pool, which anyone can see on-chain. To hold more, buy from the pool like anyone else, at the same price and with the same fee. Buying first from another wallet is possible too, and buyers can look for it.

The tokens and SOL in the pool cannot be taken out by anyone, including you or Latch. People can still buy and sell, and you can still collect fees. Locking does not protect the price: it can fall as far as the starting price. The lock is enforced by Meteora's program, not by Latch, so it is only as strong as that program.

It depends on what you choose at launch. You get three options. "Lock them forever" means the name and symbol can never change. The picture and description come from the link you gave, so they can still change unless that link points to a permanent place such as IPFS or Arweave. "Wait 48 hours in public" means Latch's vault holds the right: you queue a change on the manage page and it applies only after the wait, visible to everyone. "Instantly" means your launch wallet holds the right and a change takes effect at once, with no warning to buyers. The vault options need the vault, which is built and tested but not deployed yet.

Every trade pays a fee into the locked position, in SOL and in your own token. How you collect depends on the kind of launch. Without the vault, you collect from the wallet you launched with on the fees page, and only that wallet can; lose it and the fees are gone. With the vault, anyone can trigger a collection and your share is paid to the wallet recorded for the launch. If you named an X account, your share goes into an escrow and only the owner of that account can claim it on the claim page. See how to collect your fees.

Everyone who trades pays a fee on every swap, buying or selling. It starts at 15 percent to make it unprofitable for bots to grab the first tokens, then eases to 1 percent after 10 minutes. You earn these fees, after Meteora takes its own cut (20 percent in its current code, not yet confirmed on a live pool). This fee does not stop you from buying first from another wallet, because most of it comes back to you.

Tell them the truth. The pool is locked, so nobody can pull the liquidity out, and no more tokens can be created. But the price can fall, trades cost 15 percent at first and 1 percent after 10 minutes, the creator can buy early too, the code has not been audited, and Meteora, which runs the pool code, could pause the pool. They can lose everything they put in. Point them to the security model and to the steps for checking a token themselves.

These are the default setting on the launch page, the Community preset. The starting value is what all 1 billion tokens are worth at the start: the price of one token times a billion, which people call the market cap. At 150 dollars per SOL, 20 SOL is about 3,000 dollars. The ceiling is how many times higher that value can climb. At 1,000x, 20 SOL becomes 20,000 SOL, about 3 million dollars. But the value of all tokens is not money in the pool. Buying every single token would take only about 630 SOL, so only that much can ever flow in. A low starting value lets the first buyers take a large share cheaply: at the default, one SOL buys about 5 percent of all tokens and 10 SOL about a third, before the trading fee.