Launch Studio creates 1 billion tokens. Start trading on a bonding curve, or supply the pairing assets to open a pool directly.

Token supply

1 billion18 decimals

Launch fee

N/A BNBPlus network gas

Pool liquidity

LockedPermanently

What does “trade against” mean?

A trade exchanges your launch token for its pairing asset. Buyers spend that asset and sellers receive it. You may also see it called the quote asset.

For example, buying TEST in a TEST / BNB pair spends BNB. Selling TEST returns BNB. Choosing an approved stock token or memecoin as the pair means both sides of the trade use that token instead.

USD values are display conversions. Trades settle in the selected pairing asset. Network gas fees are paid in BNB.

What your wallet approves

A logo or metadata upload asks you to sign a wallet message. That signature does not send an onchain transaction. Launches, token spending approvals, trades, creator transfers and fee claims do require transactions.

Before opening your wallet, Knot checks the account and network and simulates the transaction. You review the request in your wallet. After you approve it, Knot waits for the network to confirm it.

1. 01Check wallet
2. 02Simulate
3. 03Sign
4. 04Confirm

Amounts and confirmations

A quote is an estimate with an expiry time. Slippage sets the minimum output your trade accepts. A token spending approval covers the amount needed for that transaction. Once confirmed, the trade appears in Discover after Knot processes the new activity.

Available assets

Choose Stablecoins in Launch Studio to see approved pairings. The list below follows the assets currently available on Knot. USDT and USDC are Binance-Peg tokens on Binance Smart Chain. USD1 is issued by BitGo.

Funding and graduation

The current stablecoin curves start with a 10,000-token virtual quote reserve. This is a pricing parameter, not deposited money. Buyers supply real stablecoins. Approximately 30,000 tokens of net quote principal sells the curve allocation and funds the permanent pool. Trading fees and optional taxes are additional. Sells reduce progress. Direct launches require the creator to deposit real stablecoins for liquidity. Launch Studio shows the selected pairing’s curve target before you confirm.

Buys, sells, fees, holder rewards and buyback funding all use the selected stablecoin. You need that token in your wallet and BNB for gas. The selected creator-share and extra-tax allocations fund buybacks in that market. This does not spend pool principal or holder rewards.

Pricing and redemption

Amounts are stablecoin units. Dollar displays use available market pricing. Knot does not assume a guaranteed $1 price or redeem these tokens for dollars. Backing and redemption follow the issuer’s or custodian’s terms. Issuer pauses, account freezes and contract upgrades can affect availability. Pairing with a stablecoin does not make the launched token itself a stablecoin.

Approved assets

Launch Studio lists the stock and gold tokens approved for pairing. Knot checks each issuer contract against its quote registry. A token with the same name but a different address is not interchangeable. To buy or fund liquidity, hold the selected pairing token and enough BNB for gas.

Gold pairings

Choose GLDon (SPDR Gold Shares), IAUon (iShares Gold Trust), or FGDLon (Franklin Responsibly Sourced Gold ETF) from the Gold filter in Launch Studio. Each is an Ondo token providing exposure to the corresponding gold ETF. Amounts are raw token units, not grams or ounces of bullion.

Buys, sells, curve reserves, liquidity and trading fees settle in the selected gold ETF token. Tax tokens pay holder rewards automatically in that same token. Creator and extra-tax rewards remain manual claims. A direct launch needs real gold ETF tokens for liquidity. A curve builds its reserves from purchases. Pairing with gold does not fix your launch token’s price to gold.

The selected buyback allocations fund purchases using the gold ETF pairing token. Every purchased launch token is burned, reducing total supply. No purchased tokens are paid to the creator or treasury.

Prices & issuer terms

Values without a verified USD conversion use the pairing asset’s units. One stock token does not necessarily represent one share or one dollar. The issuer defines eligibility, backing and redemption. Buying a token through Knot does not grant access to the issuer’s subscription or redemption service.

The catalog

The memecoin catalog contains 25 assets from CoinGecko’s meme category, ranked by global market cap. Each has a listed BNB Chain contract, which may be a bridged token. Available pairings must pass contract address and registry checks. Rankings reflect the catalog’s recorded snapshot date.

Funding a pair

For a direct launch, the creator deposits the pairing asset as initial liquidity. For a curve launch, buyers supply it through trades. Fees and holder rewards are paid in that asset.

Wrapped assets

牛来 pairings use w牛来 vault shares because the underlying token charges a tax on transfers into the pool manager. Use the memecoin page to deposit tokens or redeem shares. The shares have no transfer tax. Their redemption value depends on the vault’s underlying balance, fees and issuer controls. Deposits and redemptions enforce the minimum receive amount shown before confirmation.

Curve trades and the main V4 pools charge a 1% base trading fee. The creator receives 60% of fees collected in the pairing asset. The Knot treasury receives 40%, while the creator share follows the selected reward allocation. Curve trades may include an additional launch protection fee during the first five seconds. The trade quote includes this fee.

For a 100-unit curve trade, the 1% base fee is 1 unit: 0.6 to the creator and 0.4 to the Knot treasury. The creator can freely allocate their 0.60 units between creator rewards, holder rewards and buyback-and-burn. Optional trading tax and launch protection are additional.

Trades across every token launched on Knot contribute to the treasury. The planned policy allocates 80% of Knot’s 40% base-fee share to buying and burning $KNOT. This equals 32% of base trading fees across the launchpad, with 8% retained by the Knot treasury. Read the $KNOT treasury policy.

Collecting fees

New fees appear as pending until Knot processes them. The service converts any launch-token fees to the pairing asset and handles enabled buybacks before crediting claimable balances. Pool trading fees come from the hook. The pool’s own liquidity fee is zero and the deposited liquidity stays locked. Holder rewards are delivered automatically. Creator cash stays claimable. Creators and the Knot treasury claim their balances on the website.

The fee service and Uniswap receive no share of Knot’s hook fee. The creator and Knot treasury are the recipients. Knot funds processing gas separately.

Changing the recipient

Use the community takeover application to request a fee-recipient change on the website. Knot reviews each application. Existing credited cash stays with its recipient. The contract also supports a direct two-step transfer initiated by the current creator outside the website.

Community takeovers

To request creator fees for your community’s coin, submit a community takeover application. Include the token address, the wallet that should receive creator fees, a public community link and your team’s plan.

Connect and verify your wallet to apply. You do not need a public profile and the application costs no gas. A wallet message proves who submitted it. Applications and review notes are visible to the applicant and the authorised review team.

Knot reviews each application manually. Approval alone does not change the fee recipient. The Knot treasury must schedule the transfer onchain, wait three days, then execute it within the following three days. It can cancel before execution. If that execution window expires, the transfer must be cancelled and scheduled again.

After the transfer, the approved wallet receives the creator-fee role, pending fees and future creator rewards. Rewards already credited to another wallet stay with that wallet. Applying does not guarantee approval.

Apply for a community takeover

Tax rates

Creators can set buy and sell taxes of up to 10% each. These taxes apply to curve trades and the token’s V4 pools, including trades through other routers. Transfers between wallets have no tax. Tax rates and allocations are fixed at launch.

Two independent allocations

The base trading fee is 1%: 40% of that fee goes to the Knot treasury and 60% is creator-directed. The creator chooses how to split their share between creator rewards, holder rewards and buyback-and-burn, even with no extra tax.

Extra buy and sell taxes can each be 0–10%. The Knot treasury receives 10% of the extra tax, capped at 0.3% of trade value. The creator independently splits the remaining extra tax among the same three destinations. For example, a 1% extra tax pays 0.1% of trade value to the Knot treasury. Extra taxes of 3% and 10% each pay the capped 0.3%.

Every positive holder balance outside pool, curve and fee contracts earns proportional rewards. Pool, curve and fee custody balances are excluded. If no holders are eligible, holder reward funds wait for a later distribution. They are not redirected to the treasury.

Automatic rewards & creator claims

Rewards are paid in the pairing asset. A stock pair pays the stock tokens collected through trading taxes. These rewards are separate from distributions made by the stock issuer. On automatic-payout tokens, rewards are sent directly to your wallet in batches. Knot pays the gas. No claim, signature or staking is required. Payouts depend on the delivery service and can be delayed. Pending earnings remain payable, including after you transfer or burn your launch tokens.

Creator trading fees and extra-tax or Knot treasury proceeds require a manual claim on the website and BNB for gas. Holder rewards shows pending and paid rewards. Creator fees is where creators claim trading fees.

Buybacks of launched coins

Each launched coin has its own automatic buybacks. These use the allocation selected at launch from two independent sources: the creator’s 60% of the base 1% fee, and the extra trading tax remaining after the Knot treasury share. Each source can allocate any percentage to creator rewards, holder rewards and buyback-and-burn, totaling 100%. Rates and weights are fixed at launch.

The Knot treasury receives 40% of the base fee. Its extra-tax commission is the smaller of 10% of that extra tax or 0.3% of trade value. These funds stay separate from the launched coin’s buyback budget. The $KNOT policy above applies to Knot’s base-fee share. Liquidity reserves, holder rewards, launch fees and already claimable rewards are excluded from launched-coin purchases.

Example with no extra tax: allocating the creator share 50% to holder rewards, 30% to buyback-and-burn and 20% to creator rewards sends 0.3% of trade value to holders, 0.18% to purchases of the launched coin, 0.12% to creator rewards and 0.4% to the Knot treasury.

1. 01

   Collect fees

   The curve and pool hook collect base fees. Extra tax is collected separately in the pairing asset.

2. 02

   Allocate and buy

   The automatic service converts launch-token fees into the pairing asset, applies the selected allocations, and buys the launch token with reserved buyback funds.

3. 03

   Burn

   All purchased tokens are burned in the same transaction. Total supply decreases. There is no vesting or later token release.

Price and liquidity protection

Internal buys use the canonical curve or pool without another base fee or extra tax. The operator supplies positive minimum outputs and short deadlines. An attempted fill below its minimum reverts atomically. Curve reserve movement and pool square-root-price movement are bounded at 3%. This is not an exact 3% spot-price limit.

Large curve budgets are processed in bounded chunks. Pool trades may fill partially. All unspent buyback funds remain reserved for retries, including across graduation. They never become creator cash. A stopped service delays processing but cannot redirect the reserved funds.

Automatic processing and manual claims

Knot’s funded service processes fees and buybacks automatically. Another service delivers rewards in bounded batches, paying holders in the pairing asset according to their balances. Delivery depends on gas funding and the quote token permitting transfers. Failed payouts retain their claimable balance.

Creator and Knot treasury cash rewards require a claim on the website. The designated operator executes trades. It cannot alter allocation weights or withdraw reserved buyback funds. The creator can also process pairing-asset fees when no trade is required.

Pool fees and creator changes

The pool hook collects trading fees into the fee vault. Fees from permanently locked liquidity are collected through the liquidity locker into the same vault. They follow the base 60/40 policy and the token’s selected creator allocation. Liquidity principal stays locked. A creator handover moves future and unprocessed creator rewards to the new creator, while already credited balances stay with their original recipient. Burned tokens belong to nobody.

Graduation & refunds

If pool creation fails, graduation remains pending and anyone can retry it. Seven days after the curve becomes ready, anyone can activate refunds if graduation is still pending. Holders then return launch tokens for a proportional share of the remaining quote reserves. Refunds pay the ERC20 pairing asset, so BNB pairs refund wrapped BNB. Payouts may fail if the issuer has frozen the asset or its transfers fail.