Fair Launch NEXT Explained

Updated 2026-10-07 · 7 min read

Fair Launch NEXT is the current LaunchMemes public fair-launch system. It standardizes the token, market path, fee model and post-graduation liquidity behavior so creators and traders can understand the launch rules before interacting.

New public Fair Launches use Meteora Dynamic Bonding Curve and graduate to Meteora DAMM v2. Legacy LaunchMemes tokens can still use their original Raydium, DBC or DAMM v2 infrastructure for compatibility, but those legacy paths are not offered as choices for a new public NEXT launch.

Token configuration

Total supply: 1,000,000,000.
Decimals: 6.
Token program: Classic SPL.
Mint suffix: LMEME.
Mint Authority revoked in the completed NEXT state.
Freeze Authority revoked in the completed NEXT state.
Finished Fair Launch token/metadata policy is immutable.

Creation fee and network costs

The LaunchMemes creation fee for Fair Launch NEXT is 0 SOL. This does not mean every launch transaction costs zero: Solana network fees and account rent/account-creation costs can still apply.

An Initial Buy, when selected, is also separate because it is a purchase of the launched token rather than a platform creation fee.

Launch valuation and graduation

The current NEXT product launches around ~725 SOL market cap. Graduation is based on the on-chain quote threshold, currently configured at 100 SOL.

The product reads the migration quote threshold from the on-chain PoolConfig at runtime. If that on-chain configuration changes in the future, the interface should follow the on-chain value rather than a stale hardcoded number.

85% supply lock

85% of the total supply is locked.
That equals 850,000,000 tokens.
The configured duration is 10 years.
The schedule is a one-time unlock after the lock duration.
This is not a permanent supply lock.

Optional Initial Buy

Creators can launch without an Initial Buy or choose an optional SOL-to-token purchase quoted by the server.

Default slippage: 2%.
Allowed range: 1% to 10%.
No referral is added to the NEXT Initial Buy.
Partial fill is refused.

How the wallet signing flow works

The launch is prepared first. The creator's wallet signs the prepared transaction, LaunchMemes validates the exact signed transaction, and the secure LMEME mint signer adds only the expected mint signature before explicit submission.

The flow does not rely on a browser-provided private key. If submission is uncertain, reconciliation uses the same transaction/signature instead of silently creating a new transaction and requesting another signature.

Before graduation: Meteora DBC

Trading begins on Meteora Dynamic Bonding Curve. The total trading fee is 2.00%.

1.20% Creator Rewards.
0.40% LaunchMemes.
0.40% Meteora.

Creator Rewards and Fee Sharing

The 1.20% Creator Rewards portion can remain with the creator or be split at launch through Fee Sharing. Fee Sharing does not split the full 2.00% trading fee — only the Creator Rewards portion.

2 to 5 unique recipient wallets when Fee Sharing is enabled.
The creator must be one of the recipients.
Recipient percentages must total exactly 100%.
Each eligible wallet claims its own accrued share.

Graduation to Meteora DAMM v2

Once the on-chain graduation threshold is reached, the launch migrates to Meteora DAMM v2. The total trading fee remains 2.00%, but its composition changes.

0.50% compounding/reinvestment.
1.20% Creator Rewards.
0.30% LaunchMemes.
Dynamic fee is disabled in the current NEXT configuration.

Migrated LP after graduation

Creator claimable LP: 0%.
LaunchMemes claimable LP: 0%.
Creator-side permanently locked LP: 80%.
LaunchMemes-side permanently locked LP: 20%.
100% of migrated LP is permanently locked.

Supply lock and LP lock are different

The 85% supply lock protects a portion of token supply for 10 years; it eventually unlocks. The 100% migrated LP lock applies to the post-graduation liquidity position and is configured as permanent.

Creator Rewards are also separate from both locks. Claiming eligible trading fees does not unlock the supply or withdraw the LP.

After launch

The token page is the main place to follow market status and claim supported creator fees. The exact mint address remains the safest identifier because names and tickers can be copied by unrelated tokens.

Fair Launch mechanics do not guarantee demand, profit, price stability or honest third-party behavior. Always review the transaction and token data before signing or trading.

Frequently asked questions

Is Fair Launch NEXT the only public launch option for new tokens?

Yes. Standard/Raydium launch paths remain only for legacy compatibility and recovery.

Is 725 SOL the graduation threshold?

No. ~725 SOL market cap is the launch valuation reference. The current on-chain graduation quote threshold is 100 SOL.

Is 85% of supply permanently locked?

No. The 85% supply lock is configured for 10 years with a one-time unlock.

Is migrated liquidity permanently locked?

Yes. The current NEXT configuration permanently locks 100% of migrated LP after graduation.