How VladTenev.fun works
The core primitive here is the market, not the token. A market has a category, a quote asset, a thesis and a public record of how it formed.
What a market is
Creating a market deploys a fixed-supply token and places its whole supply in a Uniswap v4 pool against the quote asset you chose. The creator gets no allocation. The pool's liquidity is held by the launchpad contract, which has no function to withdraw it.
Category, market type, links and the thesis are written into the token's onchain metadata when it is created, so they cannot be edited afterwards.
Market types
Native token. A plain onchain token. Its value is whatever its market says.
Reference market. Themed around a reference. It does not represent ownership of, or a claim on, the underlying.
Tokenized asset. A claim on a real asset through verified tokenization infrastructure. Not available: no market can be created with this type, and a creator can never declare it themselves.
Market formation
Every market moves through five stages. The conditions are read from the chain and defined in one place in the code.
- 01Created: fair-launch auction, until settled.
- 02Active: trading on the launch curve.
- 03Liquidity expansion: half of the curve sold.
- 04Open market: launch curve complete.
- 05Established: open for 30 days.
Fees
The creator sets the trading fee between 1% and 3%. Of every fee: 55% goes to the market (holders, less the creator's chosen share of up to 15%), 25% buys back the launchpad's platform token, and 20% goes to the protocol.
For the first 60 seconds of trading the fee starts at 50% and decays to the market's fee, so racing in at the open costs the most.
Rankings
Every list on this site is sorted by one measurable number: volume, liquidity, market cap, trade count or creation time. There is no "best", "safest" or "most likely to succeed" ranking, and nothing here is advice.
Agent markets (concept)
ConceptNot built yet. This is the design for markets around an AI agent.
An agent never has open access to funds. Every agent market would show, next to the price: what the agent is permitted to do, its spending limit, when its permissions can be revoked, any timelock, and that each transaction needs a confirmation.
Independence
VladTenev.fun is an independent project. It is not affiliated with, endorsed by, or sponsored by Robinhood Markets, Inc. or Vlad Tenev.