Launch pricing and locked liquidity
Every Lots launch uses the same approved market template. A creator chooses the quote and permanent fee, but does not configure the supply, starting valuation, ranges or a graduation threshold.
Issuance and the starting reference
One billion meme tokens are issued once. There is no reserved free creator allocation or later minting. Actual burns reduce current supply; original issuance remains one billion for historical reporting and early-limit calculations.
The initial reference is $10,000 fully diluted valuation before any creator purchase, equivalent to $0.00001 per original meme token. A valid quote reference converts that starting price once into quote units.
This reference initializes the market. It is not a deposit, minimum resale value or continuing peg to dollars. An optional creator buy has ordinary price impact, so it can change the price before public trading starts.
Two positions from the beginning
The original supply is assigned to two adjoining fixed Uniswap v4 liquidity positions, initially meme-only: 99.1% main and 0.9% tail, with rounding residue kept under the principal lock. In whole-token arithmetic, those allocations correspond to 991 million and 9 million original tokens.
Buyers supply the quote inventory as they purchase memes. Sellers can receive quote only where executable inventory and the pricing ranges allow it. A launch without an opening buyer does not have creator-seeded basket or stock reserves waiting to be withdrawn.
Concentrated liquidity allocates assets to finite price ranges. As trades move through a range, its asset composition changes; at a boundary, a position can become entirely one asset. This is established Uniswap mechanism context, not verification of Lots' chosen parameters. Uniswap concentrated liquidity.
Main and tail
| Setting | Approved value |
|---|---|
| Main allocation | 99.1% |
| Tail allocation | 0.9% |
| Tick spacing | 8 |
| Main width | 110,432 ticks in the increasing quote-per-meme direction |
| Tail endpoint | 887264 when the meme is currency0; mirrored to −887264 when currency1 |
| Relationship | Adjoining, with no gap or overlap |
The tail extends the available profile beyond the main position; it is not an infinite inventory source. If inventory is exhausted or a finite endpoint is reached, trading further in that direction needs reverse trading to replenish it.
Quote and decimal combinations that cannot fit the approved template must be rejected. Both token orderings, exact boundary trades and rounding require engineering validation.
Constant-product pricing within an active range
For technical readers, let x and y be actual meme and quote inventories, L liquidity, and p_l and p_u the lower and upper quote-per-meme prices. The PRD specifies the virtual-reserve relationship:
(x + L / sqrt(p_u)) × (y + L × sqrt(p_l)) = L²
The offsets are mathematical pricing constructs. They are not extra stock tokens deposited in a vault and cannot be counted as withdrawable quote reserves. Price impact depends on the active range and trade size; a spot price does not quote a large sale.
What permanent locking means
Protected liquidity principal cannot be withdrawn by creators or operators. Transfers, approvals, migrations, upgrades or range changes must not provide an equivalent indirect withdrawal path. Fee collection remains separately permitted under the fee accounting rules.
There is no graduation or migration: both positions exist at launch and the market keeps its fixed terms. New reviewed contract versions are intended for new launches, not silent replacement of existing launches.
A permanent lock constrains discretionary principal removal. It does not guarantee market depth, a price floor, absence of bugs, unrestricted issuer transfers or uninterrupted chain operation. Nor does it stop an unvested creator from selling tokens they bought.
Numerical reconstruction and integration are still unvalidated; status distinguishes these approved requirements from proven deployed behavior.