Glossary

Flock

A pooled opening: deposits, a deadline, a size, and one launch transaction that buys for everybody.

Size

The amount of ETH the flock buys with, at most 0.25 ETH. Deposits can exceed it.

Fill

min(1, size / total): the fraction of each deposit that is spent.

Floor

The start price of the curve. Two meanings: the curve never goes below it, and the flock's minTokensPerEth is a guard under which the launch reverts.

Premium

How much more than the very first price a buyer paid, fees included.

Curve

The bonding curve contract of a Pons token, where it trades until it graduates.

Graduation

When the curve has taken in 4.2 ETH and moves to a Uniswap pool.

Snipe tax

Pons' 99% tax on buyers in the first 3 seconds.

Creator tax

A percentage of each buy and sell on the curve that goes to the creator fee recipient. A flock allows 0 to 5%.

Grace

One day after the deadline in which anyone may still launch. After it, the flock is refundable.

Reserve

ETH the creator puts in open to cover the Pons launch fee; the unused part comes back with reclaim.

Params hash

keccak256(abi.encode(params)), stored at open and checked at launch.