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Token Launch

When a campaign reaches its USDC funding target, the platform automatically launches a community token via the Bags.fm API. If a campaign expires after raising at least 25% of target, the same launch flow is triggered automatically using the collected funds. This is a fully automated process — no manual action is needed from the campaign creator or contributors.

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Prerequisites

Before a token can launch:
  • Campaign status must be funded (target amount reached)
  • The campaign must have at least one image (used as the token logo)
  • A token ticker should be set (falls back to the campaign slug if not provided)

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The 5-Step Launch Process

1

Create Token Info

The platform registers the token with Bags.fm using the campaign’s title as the token name, the token_ticker as the symbol, the first campaign image as the logo, and the campaign’s X handle (if provided).The Bags API returns a tokenMint address (the Solana SPL token mint) and metadata URL.
2

Configure Fee-Sharing

A fee-share configuration is created on-chain that maps each eligible contributor’s wallet to their proportional share of trading fees (measured in basis points out of 10,000).See Fee Distribution for details on how shares are calculated.
3

Create Launch Transaction

The platform requests a launch transaction from the Bags API. This transaction deploys the token on the bonding curve with zero initial buy (no insider allocation).
4

Sign Transaction

The platform’s escrow wallet signs the launch transaction. This is the wallet that held the campaign’s USDC contributions.
5

Broadcast

The signed transaction is submitted to the Solana network. The platform first attempts to broadcast via the Bags API, then falls back to a direct Solana RPC submission if needed.

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After Launch

Once the token is live:
  • Campaign status transitions to launched
  • The token mint address is stored in the campaign record
  • Trading fee revenue begins flowing to the configured fee-share recipients
  • The campaign page displays the token information and a link to trade

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Token Ticker Rules

If no ticker is provided, the platform derives one from the campaign slug.

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Fee Tier Options

When creating a campaign, you can select a trading fee tier that determines how much of each trade’s value is collected as fees and distributed to fee-share holders:
The fee tier is set at campaign creation and cannot be changed after the token launches.

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Failure Handling

If any step in the launch process fails:
  • Campaign status transitions to launch_failed
  • Error details are recorded in the campaign metadata
  • If the campaign expires below 25% of target, refunds are triggered instead of launch
  • If the campaign expires at or above 25% of target, launch still proceeds and the collected USDC is disbursed to the creator wallet
  • The platform team can investigate and retry the launch if appropriate

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Idempotent Retries

The launch process stores intermediate state after each step. If a failure occurs mid-process, the system can resume from where it left off without duplicating work — token info isn’t re-created if it was already registered, and fee-share configuration isn’t re-submitted if it was already set up on-chain.