> ## Documentation Index
> Fetch the complete documentation index at: https://docs.pumpevm.fun/llms.txt
> Use this file to discover all available pages before exploring further.

# Launchpad overview

> Fair-launch token creation on app.pumpevm.fun.

The launchpad enables instant token creation using a **fair-launch protocol** with four distinct phases. Tokens graduate from a bonding curve to a Uniswap V3 pool when funding targets are met.

## At a glance

* **Creation fee:** 0.01 ETH
* **Graduation threshold:** 6.9 ETH on the bonding curve
* **Migration:** Uniswap V3 pool with a 1% fee tier
* **Creator rewards:** 95% of bonding curve sell fees + 100% of Uniswap V3 pool fees

## Phases

<CardGroup cols={2}>
  <Card title="Pre-Bond" icon="lock" href="/launchpad/fair-launch#phase-1-pre-bond">
    Buy only. Tokens are locked until finalized.
  </Card>

  <Card title="Bonding" icon="activity" href="/launchpad/fair-launch#phase-2-bonding">
    Open trading with dynamic sell fees.
  </Card>

  <Card title="Finalized" icon="check" href="/launchpad/fair-launch#phase-3-finalized">
    Liquidity migrates to Uniswap V3.
  </Card>

  <Card title="Distribution" icon="gift" href="/launchpad/fair-launch#phase-4-distribution">
    Fees flow to creator, protocol, and top holders.
  </Card>
</CardGroup>