> For the complete documentation index, see [llms.txt](https://docs.rh.fun/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.rh.fun/getting-started/fair-launch.md).

# Fair Launch

RH.fun is a cutting-edge platform designed for memecoin creators and traders, streamlining the token creation and trading process. With just a small amount of gas, users can launch a new token by simply entering a name and uploading an image—no coding or complex setup required.

Tokens follow a pricing curve, allowing users to buy and sell seamlessly in a fair and transparent market. Once a token reaches its funding target (Bonding Curve completion), RH.fun automatically injects liquidity into Uniswap V2, permanently locked to ensure safety and long-term liquidity.

RH.fun supports two creation modes:

1. **Standard mode**: uses the platform defaults (fixed supply and default allocations), with optional Tax configuration.
2. **Advanced mode**: lets creators customize the **funding target** (`Raised`) and token allocation for **Bonding Curve** and **Vesting**, as well as **Tax settings**. **Pool Migration** allocation remains fixed at 20%. Additionally, creators can assign a recipient for vested tokens and claim them gradually over time after graduation. These parameters are fixed once the coin is created.

**On RH.fun, creators can earn through the Tax Token feature, which allows them to configure a tax on every transfer and trade of their token.** This provides ongoing incentives for creators throughout the token's lifecycle. For detailed information about the tax mechanism, see the [Tax Token](/fees-rewards/tax-token.md) page.

RH.fun implements a two-phase process for every token launch:

1. **Bonding Curve Phase (Token Sale)**
2. **Liquidity Pool (LP) Phase (DEX Trading)**

***

## How it Works: Step by Step

### Phase 1: Bonding Curve (Token Sale Mechanism)

RH.fun's token pricing system is built on a bonding curve, ensuring a gradual and predictable price increase as more tokens are purchased. Each token launched on the platform follows a fixed total supply of 1,000,000,000 tokens, all adhering to the same economic model.

* **Standard mode token allocation:**
  * Total token supply = 1,000,000,000 (1 billion)
  * 80% of tokens (800 million) are allocated to sell through the bonding curve phase
  * 20% of tokens (200 million) are reserved for liquidity pools
* **Advanced mode**\
  The funding target and token allocations may differ from the defaults (while Pool Migration remains fixed at 20%). Creators decide their desired allocation during token creation and it cannot be changed afterward.

Through the bonding curve mechanism, users can mint tokens at a fair, market-driven price. The price is determined by a mathematical formula, not arbitrary listings, ensuring transparency and fairness for all participants.

To complete this phase, a certain amount of collateral (ETH / USDG) is required to reach the coin's funding target. Once the target is reached, the process moves to the next phase.

### Phase 2: Liquidity Pool (LP Creation)

Once the bonding curve phase is completed, the remaining tokens and accumulated collateral are used to establish a liquidity pool (LP) on Uniswap V2, enabling seamless trading while ensuring price stability and long-term liquidity. In **Standard mode**, after 80% of the tokens are sold, the remaining 20% (200M tokens) are used to create an LP on Uniswap V2. In **Advanced mode**, the exact amounts depend on the coin's configuration.

* The collected collateral (after deducting platform and network fees) is paired with the remaining 200M tokens to create the initial liquidity pool.
* The final LP consists of the paired assets, allowing open-market trading on Uniswap V2.
* Once in the LP, token price follows a constant product formula, with supply and demand determining price movements.
* At this stage, the token is now traded on Uniswap V2.

***

## Why Choose Bonding Curve Fair Launch?

* **No pre-sale, no insiders, no team reserves:** Truly community-driven.
* **Market-driven pricing:** Prevents manipulation and dumping risks.
* **Permanently locked liquidity:** Eliminates rug pull risks.
* **Low entry barrier:** Anyone can launch a token with a single click.

***

## Summary

RH.fun ensures a transparent, fair, and decentralized launch process for every new token. By leveraging the bonding curve and automated liquidity injection, it provides a level playing field for all participants and long-term security for every project.