Fair Launch Complete: A Complete Guide for Token Creators
Fair Launch Complete is the final phase where a token on a launchpad like pump.fun or Spawned graduates to a permanent, independent liquidity pool. This guide explains the step-by-step process, the financial implications for creators and holders, and compares the key differences between major platforms. Understanding this transition is critical for planning your token's long-term future and revenue.
Key Points
- 1Fair Launch Complete is triggered when a token's market cap or liquidity pool reaches a preset target (e.g., 65,000 USD on pump.fun).
- 2The token migrates from a bonding curve to a permanent, decentralized exchange (DEX) liquidity pool, securing its long-term tradeability.
- 3Platforms differ significantly post-completion: Spawned offers 0.30% creator revenue and 0.30% holder rewards per trade, while pump.fun offers 0%.
- 4Spawned includes a perpetual 1% fee via the Token-2022 program to sustain the project, compared to a one-time 1-2 SOL fee on pump.fun.
- 5Choosing a platform affects your ongoing income, community incentives, and tools like the included AI website builder on Spawned.
What is Fair Launch Complete?
The graduation day for your token project.
In the Solana token launch ecosystem, Fair Launch Complete marks the graduation of a token from its initial launch phase to a permanent, self-sustaining state. Initially, tokens are launched via a bonding curve model, where the price increases predictably as tokens are bought. The "Complete" event occurs when the project hits a predefined milestone, typically a specific market capitalization or liquidity pool size.
Upon completion, the token's liquidity is migrated from the launchpad's bonding curve to a standard Automated Market Maker (AMM) pool on a decentralized exchange like Raydium. This makes the token permanently tradable, removes the artificial price mechanics of the bonding curve, and opens it to the broader DeFi landscape. The structure of fees, rewards, and creator benefits after this point varies drastically depending on the launchpad used.
How the Fair Launch Complete Process Works: Step-by-Step
The transition follows a specific, automated sequence. Here is the standard process, using common platform thresholds as examples.
Platform Comparison & Verdict
Where you launch determines your long-term success.
The choice of launchpad defines your project's economics after Fair Launch Complete. Here’s a direct comparison of the two main models.
| Feature | pump.fun | Spawned |
|---|---|---|
| Creator Revenue Per Trade | 0% | 0.30% |
| Holder Rewards Per Trade | 0% | 0.30% |
| Post-Completion Fee | One-time 1-2 SOL fee at launch | 1% perpetual fee via Token-2022 program |
| AI Website Builder | Not included | Included (saves $29-99/month) |
| Initial Launch Fee | ~0.02 SOL | 0.1 SOL (~$20) |
Verdict: For creators focused on sustainable income, Spawned is the clear choice.
While pump.fun offers a lower upfront cost, it provides no ongoing revenue for the creator or their community. Spawned builds a sustainable model: the 0.30% creator fee generates income from every trade, and the 0.30% holder reward encourages long-term holding. The 1% perpetual fee via Token-2022 is a transparent mechanism for project treasury, unlike a one-time fee that offers no future value. The included AI website builder also provides immediate utility and cost savings, making Spawned a more complete foundation for a serious project.
Financial Benefits: Real Examples
See the direct monetary impact of the platform you choose.
Let's translate percentages into tangible numbers to see the impact of the Spawned model.
Example: A token with $100,000 in daily volume after Fair Launch Complete.
-
On Spawned:
- Creator Revenue: 0.30% of $100,000 = $300 per day ($9,000 per month).
- Holder Rewards: 0.30% = $300 per day distributed proportionally to token holders.
- Project Treasury: 1% fee via Token-2022 = $1,000 per day for development and marketing.
-
On pump.fun:
- Creator Revenue: $0.
- Holder Rewards: $0.
- Project Treasury: Relies solely on the initial 1-2 SOL fee, which is spent.
The Spawned model directly aligns the success of the token with rewards for both the creator and the community, creating a stronger, more invested ecosystem. The 1% treasury fee ensures the project has ongoing resources.
5 Key Considerations Before Your Fair Launch Completes
Planning ahead is essential. Here are critical factors to address before your token hits the completion threshold.
- Platform Lock-in: Your post-complete fee and reward structure is determined at launch. You cannot switch from pump.fun to Spawned's model after launching.
- Community Communication: Clearly explain the completion process and its benefits (like holder rewards on Spawned) to your community beforehand to maintain trust.
- Post-Complete Marketing: Have a plan for after the launch. The real work begins once the token is on the DEX. Use tools like Spawned's AI website builder to create a professional hub.
- Treasury Management: If using Spawned's Token-2022 model, plan how you will use the 1% perpetual fee for development, listings, or marketing to grow the project.
- Understanding LP Ownership: After completion, the liquidity pool tokens are typically burned, meaning no single entity can rug pull the liquidity. Verify this mechanism on your chosen platform.
Common Misconceptions About Fair Launch Complete
Clarifying these points prevents confusion and poor planning.
- "It's an automatic success." False. Completion grants permanence, not popularity. Sustained volume requires ongoing project effort.
- "The price will always pump at completion." Not guaranteed. While the migration event can attract attention, the market sets the price on the new DEX pool.
- "All launchpads are the same after complete." As shown, the economic models are profoundly different, affecting creator income and holder incentives.
- "I need to do something manual when it completes." The process is fully automated. Your key job is preparation and communication.
Ready for a Fair Launch That Rewards You?
Your launchpad choice defines your project's economics.
Fair Launch Complete is the beginning of your token's long-term journey. Choosing a platform that supports that journey with sustainable income and community incentives is the most important decision you'll make.
Launch on Spawned and build a project with a future.
- Earn 0.30% creator revenue on every trade, forever.
- Reward your holders with 0.30% of every transaction.
- Fund your treasury with a clear 1% perpetual fee.
- Get started instantly with our AI website builder included at no extra cost.
Your launch fee is just 0.1 SOL. Start building a token economy that works for you.
Frequently Asked Questions
It is automatically triggered when the token's liquidity pool (LP) on the launchpad reaches a specific value in SOL. On most platforms, this threshold is set at a value equivalent to approximately 65,000 USD. For example, if the price of SOL is $150, the trigger would be around 433 SOL in the bonding curve pool.
No. The process is fully automated by the launchpad's smart contracts. Once the liquidity pool reaches the predefined threshold, the completion sequence begins automatically. This ensures the process is trustless and fair for all participants, with no ability for the creator to manipulate the timing.
Your token balance remains exactly the same in your wallet. The only change is what backs their value. They move from being priced by the launchpad's bonding curve to being priced by the new, permanent liquidity pool on a decentralized exchange like Raydium. They become standard SPL tokens (or Token-2022 tokens on Spawned) at that point.
The core difference is ongoing value distribution. After completion, pump.fun offers 0% fees or rewards to creators or holders. Spawned provides a 0.30% fee to the creator and a 0.30% reward to token holders on every trade. Spawned also uses the Token-2022 program for a transparent 1% perpetual treasury fee, whereas pump.fun charges a one-time fee that provides no future benefit.
Yes, in a critical way. The liquidity pool tokens (LP tokens) that represent ownership of the new DEX pool are typically burned or sent to an inaccessible address immediately after creation. This makes the liquidity pool permanent and unremovable, preventing a 'rug pull' of the core liquidity. Always verify this mechanism on your chosen launchpad's documentation.
While not strictly necessary, a professional website is crucial for legitimacy, sharing information, and building a community. Building one separately can cost $29-99 per month. Spawned includes this tool for free, saving you ongoing costs and time, and providing a central hub for your project from day one.
Holder rewards are a percentage of every trade (0.30% on Spawned) that is automatically distributed to all current token holders proportionally to their stake. This happens on-chain with each transaction. It incentivizes people to hold the token long-term, as they earn a share of the trading activity simply by keeping it in their wallet.
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