Token kinds and rewards
Black Market Launcher offers two fixed-supply token kinds. The template selected before launch fixes the kind, and that choice cannot be exchanged for the other kind later. Both standard token kinds mint their full supply at launch and have no post-launch minting path.
| Token kind | What holders can expect | Available templates |
|---|---|---|
| Burnable | A fixed-supply token that holders can permanently burn. It can be paired with no rewards, staking rewards, or a fee-burn policy depending on the template. | standard, quote-staking, dual-staking, and fee-burn |
| Holder Dividend | A fixed-supply token whose eligible holders can receive allocated market-fee rewards. | quote-dividends and dual-dividends |
Burnable tokens
A burn permanently reduces the token's supply. It does not create a reward stream, establish a price floor, make a token scarcer in economic terms, or guarantee value for remaining holders. A holder should treat a burn as irreversible.
The selected template determines whether a Burnable token has no rewards, a staking program, or a permanent burn of market-fee allocations. See Templates, fees, and rewards for the exact choices.
Holder Dividend tokens
A Holder Dividend token can direct the reward portion of eligible market fees to eligible holders. Holders can collect rewards that have accrued to their eligible balance, but owning tokens alone does not guarantee either eligibility or a reward.
Market and protocol-operated balances are excluded from holder-dividend eligibility when a launch begins. The protocol can also exclude a deployed contract later. This administrative control means a visible token balance is not automatically an eligible balance, particularly for balances held by market infrastructure or contracts.
Holder-dividend rewards are distributed in seven-day streams when they receive funding. They depend on market fees actually being earned and allocated to rewards, the eligible supply, and the holder's eligible balance. They are not a promised yield or a guarantee that every holder will receive a payment.
Staking is a reward program, not a token kind
The quote-staking and dual-staking templates use a Burnable token and add a staking reward program. Staking rewards come from the share of market fees chosen for rewards and use seven-day streams when funded. Participation is different from merely holding a token: a holder who does not participate in the staking program should not expect staking rewards.
Choosing for the long term
The token kind, fixed supply, reward design, fee policy, and launch-owned liquidity lock are permanent parts of a launch. Neither token kind guarantees liquidity, a stable price, market-fee income, or eligibility for Black Market Lending. Holders and creators remain exposed to smart-contract, administrative, price, liquidity, token, and market risks.
Rewards depend on real market activity
A rewards template does not fund rewards at creation. If the market produces no fees, or no fees are allocated to rewards, there may be nothing to distribute. Do not acquire or launch a token on the assumption of a particular yield or return.