The mechanism
Everything below is a property of a contract, not a policy of a website. Where a figure can be read off the chain, this page reads it rather than printing a second copy that could go stale.
What a raise does
- One. The tread is deployed, and its constructor mints the whole fixed supply, split in that same constructor between the stringer and the supply wallet. Neither share passes through the launchpad.
- Two. A Uniswap v4 pool of native ETH against the tread is opened, with the riser in its key and an LP fee of zero.
- Three. The stringer's share is cut into 8 positions — narrow bands of ticks with empty gaps between them — none of which it has any function to pull back out.
The flight
1.5 → 600 ETH
Each tread is a fixed multiple of the one below it, so the climb is geometric in price and arithmetic in ticks — which is why the whole geometry is three numbers the contract checks with addition, and no tick maths happens on chain.
Direction catches everybody out once. A v4 pool prices currency1 in currency0, native ETH is address zero and therefore always currency0, so the pool quotes treads per ETH: a dearer tread is a lower tick. The pool opens at the upper edge of the cheapest tread, and climbing means descending through ticks.
Terms
not deployed yet
Nothing is deployed, so there is nothing to read. These figures are constants in the launchpad and the hook, and this page will show what those contracts say rather than what was typed here.
What it does not promise
- Price jumps. The gaps hold no liquidity, so a trade sized to cross one moves the price a long way on very little money. Trades from this site carry a stop — the furthest up the flight they will climb — because a minimum-received alone is not a guard against that.
- Upper treads may never sell. If the price never climbs, they sit there holding tokens nobody reached. That is not a failure state the contract recovers from; it is what happens.
- The ETH is not yours. A tread that has been bought out holds ETH inside a position nothing can decrease — including whoever raised the flight. It stays under the price as a bid belonging to nobody.
- The supply wallet's share is liquid. Not vested, not cliffed, not locked. No contract here restrains it and none of them pretends to.
- Not audited. The contracts are commented to be read, which is not the same thing as having been reviewed.