How Autolaunch 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 on the first day, 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 have a 48 hour duration, 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.

Every v2 auction opens at the lowest price it accepts. Its minimum is the whole sale allocation at that floor, rounded up, about a billionth of a REGENT. 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.

Memestake supply 1 billion

Memestake launches last 24 hours. 49.75% of the tokens are sold in the auction, 49.75% is reserved for the locked trading pool, and 0.5% goes to the token's creator over 30 days from graduation. Stakers earn the onchain stock from fees.

Every v2 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 Memestake 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% hook fee each to Regent and the token's staking contract. New v1 launches are paused; existing withdrawals, claims, trading and staking remain supported.

Trading fees

V2 Revstake trades pay a 3% hook fee: 2% enters the launch's revenue splitter 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. V2 Memestake trades pay a 4.3% hook fee on the gross stock side, shared by the memestakers (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 enters the token’s revenue splitter.

What each launch's locked liquidity earns enters its revenue splitter. Each v2 hook rounds the total fee once and assigns the rounding remainder to the launch's splitter share after calculating the other lanes.

Staking rewards

REGENT

Revstake auctions are priced in REGENT, and part of what Autolaunch earns is paid into REGENT staking. About REGENT