Launch pools and pricing
A Black Market Launcher launch establishes the initial trading setup for a new token and selected paired asset. Creators choose either Abyss DEX or Uniswap V4; the choice changes how the opening market is priced, where launch-owned liquidity appears, and which fixed constraints apply.
A market is not a valuation guarantee
The opening price, a target market capitalization, or a familiar paired asset does not establish a token's value. Prices can move immediately, liquidity can be thin, and traders can receive materially different execution prices from the opening display.
Comparing launch market models
| Abyss DEX | Uniswap V4 | |
|---|---|---|
| Market created | One concentrated-liquidity Abyss DEX market. | A Uniswap V4 market plus a related Abyss DEX side market. |
| Fee setting | The creator chooses from the enabled Abyss DEX fee settings permitted by the template. | The creator selects a supported Abyss fee tier. The V4 hook charges 125% of that tier—for example, a 0.30% base tier produces a 0.375% hook fee. |
| Launch-owned liquidity | The initial Abyss DEX position is permanently locked after a successful launch. | The launch position is split 99% to Uniswap V4 and 1% to the Abyss DEX side market. Both positions are permanently locked after a successful launch. |
| First purchase | A creator may include an optional first purchase with the paired asset. An ETH-funded first purchase is available only for a WETH pair. | A creator may include an optional first purchase using the paired ERC-20; there is no native-ETH launch-payment path. |
| Fee and rewards policy | The selected template governs the allowed owner, rewards, and burn destinations. | The launch terms set the protocol share of hook fees, rather than a universal 10% share. That share is taken first; only the remaining hook fees follow the selected template. Fees from the locked 1% Abyss DEX side position accrue to the protocol-controlled Abyss Bonus Distributor, not a creator or template reward stream. |
Both models use the template selected for the launch. The template determines the compatible token kind, fee assets, and rewards policy; it does not make a paired asset safe or give the new token a USD value.
How opening price and liquidity work
The opening price is a ratio between the new token and its paired asset. It is shaped by the creator's price assumptions, the token supply, and the amount of launch-token inventory placed into the initial liquidity range. A target market capitalization is only a planning input based on an external paired-asset price estimate—not a price the protocol verifies or guarantees.
Launch liquidity is concentrated in a chosen range rather than being evenly available at every price. That can be efficient around the opening price, but it also means that:
- early purchases or sales can move the price sharply;
- the price shown before launch can differ from the price a trader receives moments later;
- liquidity can become less available as price moves outside the initial range; and
- an opening market can be active without having enough depth for a large trade.
The launch position is locked as part of the launch model. For a Uniswap V4 launch, that means both the 99% Uniswap V4 position and 1% Abyss DEX side position are permanently locked. A lock means the creator cannot later remove or reposition that launch-created liquidity. It does not guarantee ongoing liquidity, a stable price, a minimum trading volume, or protection from losses.
Choosing a paired asset
The paired asset sets the market's price unit and introduces its own risks. Before using one, consider its exact contract address, supply and redemption model, price source, liquidity, and issuer or bridge provenance.
- A token name, ticker, logo, or displayed dollar-peg label is not proof that the asset is authentic or worth a stated amount.
- Stablecoins and tokenized assets can depeg, become illiquid, be frozen, or depend on an issuer, custodian, bridge, or oracle.
- Assets with unusual transfer behavior can prevent a launch from completing or make later trading unreliable.
- For an Abyss DEX launch, an ETH-funded first purchase is tied to WETH as the pair. Uniswap V4 launches use a paired ERC-20 rather than native ETH.
See Paired assets and quote catalog for the current public asset list. Verify the address independently through a trusted official source before relying on any listing.
The Abyss Bonus Distributor is protocol controlled, and its owner can move or deploy assets that accumulate from the permanently locked 1% Abyss DEX side position. Those fees are separate from the selected template's creator, rewards, or burn allocation.
Price, oracle, and trading risks
The selected launch model may use oracle-enabled pricing and fee behavior. An oracle can lag the market, use incomplete observations, or be affected by unusual market conditions; it is not an assurance of a fair execution price or a USD valuation.
In addition to ordinary market volatility, creators and holders should account for:
- slippage and MEV: public transactions can be observed, reordered, or traded around, particularly in a newly opened thin market;
- concentrated-liquidity risk: available depth may be limited to the initial range and can change quickly as price moves;
- paired-asset risk: losses in the paired asset or its price feed affect how the new token is priced and traded;
- smart-contract and administrative risk: contracts, their permitted controls, and external Uniswap V4 or asset dependencies can fail or change the practical risk profile; and
- no return guarantee: fees, rewards, and liquidity do not promise income, a floor price, or token value.
Use price protection for any optional first purchase, and do not treat a failed price check as a reason to accept worse terms without reviewing the changed conditions.