> For the complete documentation index, see [llms.txt](https://docs.eitherway.ai/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.eitherway.ai/documentation/launchpad/launch-design.md).

# Launch Design

Launches on the Eitherway Launchpad continue to use a bonding curve mechanism.

That design still serves three functions at the launch layer:

* structured initial price discovery
* early liquidity formation
* a defined path into broader trading access

What has changed is the default pairing model for permissionless launches.

Rather than pairing every permissionless launch directly against **$EITHER**, the launchpad now follows the native-chain path. On Solana, that means launches default to **SOL pairs**. As the launchpad expands across ecosystems, launches can also use other native-chain pairs, including **Base-native pairs**.

This change is intended to make the permissionless system more scalable while reducing the downside that weak launches can create for the main **$EITHER** pair.

At the same time, launch activity still feeds back into the wider Eitherway ecosystem.

Each permissionless launch carries a **0.5% residual fee on volume**. That residual accrues toward periodic **buyback and burn of $EITHER**, allowing launch activity across the platform to support the main token without requiring every permissionless launch to be paired directly against it.

At a high level, the launch sequence now follows this progression:

* a project enters launch preparation
* the token is configured for launch through the bonding curve
* the default pair follows the native-chain route, such as **SOL** on Solana
* the bonding curve manages early issuance and price discovery
* liquidity depth forms onchain as activity progresses through the curve
* routing expands into broader trading access and terminal visibility
* a residual fee from launch volume accrues back toward **buyback and burn of $EITHER**

The purpose of this architecture is not only to simplify launch mechanics, but to create a cleaner transition from issuance to liquidity, discovery, and market participation while keeping the wider **$EITHER** economy supported over time.