How it works
How the auction works
Every Autolaunch token is sold in a continuous clearing auction (CCA). CCA is the ideal auction model for quality projects and teams to bootstrap liquidity, with healthy market behavior and true price discovery.
A simple mental model
- Buyers specify their total budget and max price they would pay for a token.
- Orders are spread across all remaining blocks and executed over time (like a TWAP).
- The auction starts at a floor price and goes up over time, with each block clearing at the highest price where demand exceeds supply.
- Each block where the clearing price is lower than your max price, you will receive tokens for a portion of your budget. If your max price is exceeded, the remainder of your TWAP is cancelled.
Why the price moves
- Every CCA bid is split across all blocks for the remaining auction.
- So the price stays at the floor until there is enough demand to buy out the entire auction at the floor or higher.
- At that point every bid above the floor pushes the clearing price up, again spread across all remaining blocks. There is enough demand to buy out the rest of the auction at this higher price.
- So: simple supply and demand.
What is the game theory?
- Bid early with your real max budget and your real max price.
- Your max price ensures you will not buy a single token above what you are willing to pay, and orders TWAP over the remaining duration, so waiting only gets you a worse average price.
- With a well parameterized auction (not too fast), there are no crazy timing games, sniping, bundling, sandwiching, etc.
- Everyone has equal access to buying at the same rates.
- No advantages for advanced users or MEV bots.
- Just real price discovery.
Even if you bid $10b FDV at the start, you would not have overpaid, and instead executed at a DCA price between floor and clearing.
After a successful auction, a large portion of the auction proceeds and reserve of tokens is used to seed a Uniswap v4 pool.
Revstake supply 100 billion
Revstake token auctions last about 2 days, with 20% of tokens for the auction, up to 10% locked in the trading pool, and 70% vesting to the launch's treasury over one year. This small amount of float is because launching a revstake is close in concept to a company doing a preseed round. Best practice is for the founders to retain most of the equity.
| Allocation | Amount | After a successful auction |
|---|---|---|
| Auction | 20 billion (20%) | Winning bidders claim what they bought. |
| Liquidity reserve | Up to 10 billion (10%) | Paired with up to half the REGENT raised in a permanently locked trading position. The pool opens at the auction's final clearing price. |
| Treasury | 70 billion (70%) | Released to the launch's treasury over 365 days from graduation, with the unpaired reserve and auction rounding leftovers. The treasury also receives at least half the REGENT raised. |
From v2 on, every auction opens at the lowest price it accepts. Its minimum is the whole sale at that floor price: about 0.000000001 REGENT, so any auction with a real bid reaches it. The launcher chooses neither. A successful auction sells the whole allocation, apart from rounding. If it misses its minimum, every bidder takes back their full bid and all 100 billion tokens are retired to the dead address.
The launcher of the revstake token is making an implicit promise to pass all future revenue through the revstake contract, where stakers receive a pro rata slice. Yes, there is a trust assumption here: a person or agent can launch a revstake token and then stop putting revenue through the contract (exit scam), go out of business, or only put a portion of revenue through the contract.
Memestock supply 1 billion
Memestock launches last about 24 hours on Base and about 24 hours on Robinhood Chain. 49.75% of the tokens are sold in the auction, 49.75% is reserved for the locked trading pool, and 0.5% is released to the token's creator steadily over 30 days on Base and block by block over about 30 days on Robinhood Chain from graduation. Stakers earn the onchain stock from fees.
| Allocation | Amount | After a successful auction |
|---|---|---|
| Auction | 497.5 million (49.75%) | Winning bidders claim what they bought. |
| Liquidity reserve | 497.5 million (49.75%) | At the auction's final clearing price, the stock raised and the tokens it needs become liquidity at every price. Remaining reserve is locked as liquidity in the token alone, for prices above the opening token price. Both are locked forever; any stock left over from rounding is added to the REGENT stakers' fee. |
| Creator | 5 million (0.5%) | Released to the token's creator steadily over 30 days on Base and block by block over about 30 days on Robinhood Chain from graduation. Anyone can send the release, and it always pays the creator. The creator also earns a share of trading fees. |
From v2 on, every auction opens at the lowest price it accepts. Its minimum is the whole sale allocation at that floor, rounded up; the launcher chooses neither. A successful auction sells the whole allocation, apart from rounding. If it misses its minimum, every bidder takes back their full bid and all 1 billion tokens, including the creator allocation, are retired to the dead address. After graduation, token rounding leftovers are also retired.
The four existing v1 Memestock auctions (BITE, JollyB, AGI and RDOG) keep their original terms: 80% offered in the auction, 20% reserved for liquidity, no creator allocation, and a 1% trading fee each to Regent and the token's staking contract. New v1 launches are paused; existing withdrawals, claims, trading and staking remain supported.
New Base launches use v3 since 12 November 2026, made for Base's faster blocks, with the same allocations and fees as v2. New v2 launches on Base are paused; existing v2 auctions and tokens keep their bids, withdrawals, claims, vesting, trading and staking on their own contracts.
Trading fees
From v2 on, Revstake trades pay a 3% trading fee: 2% goes to the token's staking and 1% goes to Regent. REGENT collected in that 1% goes directly to REGENT staking; launch tokens go to the Regent Safe. Use regents.sh/stake to participate. From v2 on, Memestock trades pay a 4.3% trading fee on the stock amount of every trade, before fees, shared by Memestock stakers (3.00%), REGENT stakers (1.00%) and the token's creator (0.30%). The trading pool also charges the standard 0.30%, and what the locked liquidity earns from it goes to the token’s staking.
| Launch | Fee paid in | Where it goes |
|---|---|---|
| Revstake Base | REGENT or the Revstake token, depending on the trade | 1% sent directly to REGENT staking when paid in REGENT, or to the Regent Safe when paid in the launch token. 2% goes to the token's staking. |
| Memestock Base | The paired stock, buying or selling | 3.00% goes to the token’s staking. 1.00% swapped to USDC and paid into REGENT staking. 0.30% paid to the creator. |
| Memestock Robinhood Chain | The paired stock, buying or selling | 3.00% goes to the token’s staking. 1.00% swapped to USDG for REGENT staking, held on Robinhood Chain until the transfer to Base is set up. 0.30% paid to the creator. |
What each launch's locked liquidity earns goes to the token's staking. When a trade's fee is divided, any tiny leftover from rounding goes there too.
Staking rewards
| Launch | Regent | Stakers |
|---|---|---|
| Revstake | 2% | The other 98%, in line with the share of supply staked. The rest goes to the token's treasury. |
| Memestock | 2% | The other 98%, split by stake. With nobody staking, all of it goes to Regent. |
REGENT
Revstake auctions are priced in REGENT, and part of what Autolaunch earns is paid into REGENT staking. About REGENT
Show details
- Revstake fees come from the side of the trade you did not set: out of what you receive, or added to what you pay.
- Memestock fees are held in the stock and paid onward after the trade.
- Anyone can settle Memestock creator and token-staker fees. Converting the REGENT stakers' fee requires the authorized executor. Creator fees always pay the original launcher in stock.
- Regent's 2% comes out of staking rewards. It is not another trading fee.
- Retired tokens remain in reported total supply; they are held at the dead address.
- The rates are fixed in the contracts and cannot be changed.