Launch modes and referrals

V1 — No Tax

• no buy or sell tax;
• no creator trading fee;
• no referral allocation or referral-link function;
• 1% of supply vests linearly to the protocol treasury over 30 days;
• 99% of supply enters permanent liquidity.

A V1 URL may still be copied normally, but it does not encode or pay a referrer. The official router rejects a nonzero referral candidate for a V1 pool.

V2 — Custom Tax

• fixed protocol allocation: 0.4%;
• creator-selected referral allocation: at least 0.1%, carved from the creator allocation;
• creator-selected creator allocation: at least 0.1%;
• total user tax: 0.5%–5%;
• optional buyback-and-burn allocation also funded from the creator allocation; referral plus buyback cannot exceed it;
• up to ten creator recipients with immutable weights totaling 100%.

All V2 rates, recipient wallets, weights, and buyback allocation are locked when the token is created.

Persistent referral binding

A wallet is bound only by its first successful referred V2 buy through the official Fledgo router. That relationship is first-binding-wins and persists across later V2 tokens in the same factory deployment. A later link cannot replace it, and self-referral is rejected.

Later V2 buys and sells through Fledgo can credit the bound referrer. A direct canonical-pool trade through another router still pays the immutable V2 tax, but the hook cannot authenticate that router's end user; the referral allocation therefore falls back to the token's creator recipients. V1 trades never create or pay referral rewards.

Supply and permanent liquidity

Each launch starts with 1 billion tokens and 18 decimals. FledgoLaunchTokenV1 and FledgoLaunchTokenV2 use OpenZeppelin ERC20 and ERC20Burnable, mint once and expose no later mint function. Holders can burn tokens; allowance is required for burnFrom.

V1 assigns 99% of supply to permanent liquidity and 1% to protocol vesting, released linearly over 30 days to the immutable treasury. V1 has no protocol trading tax, creator tax, referral allocation or buyback allocation. V2 assigns all supply to permanent liquidity. Mint-rounding residue stays locked in the liquidity vault. The vault has no principal withdrawal or rescue path.

The canonical V4 pool's native fee is zero. V2 trading tax is implemented by the hook, not by ordinary ERC-20 transfers. Locked token inventory is not cash backing or a promise of buyers. Liquidity composition changes as swaps move the price; finite ranges can run out of usable liquidity in one direction.

Referral links on supported networks

Referral links are available for eligible Fledgo V2 markets on Robinhood Chain and Base.