Launching a token

Token creators use createLaunchpad() to deploy a new token backed by a bonding curve. This single transaction:

• mints the token

• creates on-chain metadata

• initializes the bonding curve

• opens trading immediately

No additional setup is required.

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How token launches work

When a token is launched, the following steps happen atomically:

1. Token creation A new SPL token (or Token-2022 token) is minted with the specified supply.

2. Metadata creation On-chain metadata is created via Metaplex using the provided name, symbol, and URI.

3. Bonding curve initialization A bonding curve pool is initialized using the configured parameters.

4. Trading begins Users can immediately buy and sell the token on the bonding curve.

5. Migration Once the fundraising goal is reached, liquidity automatically migrates to a Raydium pool.

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Creating a token launch

import {
  TxVersion,
  LAUNCHPAD_PROGRAM,
  getPdaLaunchpadConfigId,
  CpmmCreatorFeeOn,
} from '@raydium-io/raydium-sdk-v2'
import { initSdk } from './config'
import { Keypair, PublicKey } from '@solana/web3.js'
import { NATIVE_MINT } from '@solana/spl-token'
import BN from 'bn.js'

const createToken = async () => {
  const raydium = await initSdk()

  // Generate a new mint keypair
  const tokenKeypair = Keypair.generate()

  // Derive global config (SOL-quoted, constant product)
  const configId = getPdaLaunchpadConfigId(
    LAUNCHPAD_PROGRAM,
    NATIVE_MINT,
    0,
    0
  ).publicKey

  const { execute, extInfo } = await raydium.launchpad.createLaunchpad({
    programId: LAUNCHPAD_PROGRAM,

    // Token configuration
    mintA: tokenKeypair.publicKey,
    decimals: 6,
    name: 'My token',
    symbol: 'MTK',
    uri: 'https://arweave.net/metadata.json',

    // Platform (optional)
    platformId: new PublicKey('your-platform-id'),

    // Global config
    configId,

    // Migration destination
    migrateType: 'cpmm',

    // Bonding curve parameters
    supply: new BN('1000000000000000'),
    totalSellA: new BN('793100000000000'),
    totalFundRaisingB: new BN('85000000000'),

    // Vesting (optional)
    totalLockedAmount: new BN('0'),
    cliffPeriod: new BN('0'),
    unlockPeriod: new BN('0'),

    // Initial buy (optional)
    createOnly: true,
    buyAmount: new BN('0'),
    slippage: new BN(100),

    // Post-migration creator fee
    creatorFeeOn: CpmmCreatorFeeOn.OnlyTokenB,

    // Transaction settings
    txVersion: TxVersion.V0,
    extraSigners: [tokenKeypair],
  })

  const { txIds } = await execute({ sendAndConfirm: true, sequentially: true })
  console.log('Pool id:', extInfo.address.poolId.toBase58())
  console.log('Token mint:', tokenKeypair.publicKey.toBase58())
}

---

Parameter reference

Token configuration

Parameter	Type	Required	Description
mintA	PublicKey	Yes	Public key of the new token mint. Generate a new keypair and include it in extraSigners.
decimals	number	No	Number of decimal places. Default: 6.
name	string	Yes	Token name used in on-chain metadata.
symbol	string	Yes	Token ticker symbol. Max 10 characters.
uri	string	Yes	Metadata JSON URL (Arweave, IPFS, or any public URL).

---

Platform and global config

Parameter	Type	Required	Description
platformId	PublicKey	No	Platform configuration to launch on. Defaults to Raydium official platform.
configId	PublicKey	Yes	Global config defining quote token and curve type.
configInfo	object	No	Pre-fetched config data. Automatically fetched if omitted.

---

Bonding curve parameters

Parameter	Type	Required	Description
supply	BN	No	Total token supply. Minimum: 10,000,000 (pre-decimals).
totalSellA	BN	No	Tokens sold on the bonding curve. Must be ≥ 20% of supply.
totalFundRaisingB	BN	No	Quote token amount to raise before migration.
migrateType	string	Yes	Migration destination: cpmm or amm.

Understanding supply distribution

supply = totalSellA + totalLockedAmount + migrateAmount

• totalSellA: tokens sold via the bonding curve

• totalLockedAmount: tokens reserved for vesting

• migrateAmount: tokens migrated to the AMM pool (must be ≥ 20% of supply)

Vesting parameters (optional)

Parameter	Type	Required	Description
totalLockedAmount	BN	No	Tokens reserved for vesting. Max 30% of supply.
cliffPeriod	BN	No	Seconds after migration before vesting starts.
unlockPeriod	BN	No	Linear vesting duration in seconds.

Note: the vesting start time is automatically set to the migration block timestamp. Vesting recipients are configured separately using createVesting().

---

Initial buy parameters (optional)

Parameter	Type	Required	Description
createOnly	boolean	No	true creates the token only. false creates and executes an initial buy.
buyAmount	BN	No	Quote token amount to spend on the initial buy. Required if createOnly is false.
slippage	BN	No	Maximum slippage in basis points (100 = 1%).
minMintAAmount	BN	No	Minimum tokens to receive. Auto-calculated if omitted.

---

Post-migration settings

Parameter	Type	Required	Description
creatorFeeOn	CpmmCreatorFeeOn	No	Which token(s) creator fees are collected in after migration.

CpmmCreatorFeeOn options

Value	Description
OnlyTokenB	Creator fees are collected only in the quote token (recommended).
BothToken	Creator fees are collected in both the launched token and the quote token.

---

Referral parameters (optional)

Parameter	Type	Required	Description
shareFeeRate	BN	No	Referrer share of trading fees (bps × 100). Cannot exceed maxShareFeeRate from the global config.
shareFeeReceiver	PublicKey	No	Wallet that receives referral fees. Applies to the initial buy only.

---

Token-2022 launches

LaunchLab supports Token-2022 tokens with transfer fee extensions. Transfer fees are automatically collected on every token transfer.

const { execute, extInfo } = await raydium.launchpad.createLaunchpad({
  // Standard parameters...

  // Enable Token-2022 with transfer fees
  transferFeeExtensionParams: {
    transferFeeBasePoints: 100,     // 1% transfer fee (100 bps)
    maxinumFee: new BN('1000000'),  // Maximum fee per transfer in token units
  },

  // Token-2022 launches must migrate to CPMM
  migrateType: 'cpmm',
})

Important notes for Token-2022 launches

• migration is always cpmm (AMMv4 does not support Token-2022)

• after migration, transfer fee authorities are transferred to the platform’s transferFeeExtensionAuth wallet

• the platform can modify fee rates or claim accumulated withheld fees

---

Getting available configs

Global configs determine which quote tokens and curve types are available. Fetch configs from the API or derive them directly.

From API

const configs = await raydium.api.fetchLaunchConfigs()

// Find a specific config
const solConfig = configs.find(c => c.key.mintB === NATIVE_MINT.toBase58())

Direct derivation

import { getPdaLaunchpadConfigId, LAUNCHPAD_PROGRAM } from '@raydium-io/raydium-sdk-v2'
import { NATIVE_MINT } from '@solana/spl-token'

const configId = getPdaLaunchpadConfigId(
  LAUNCHPAD_PROGRAM,
  NATIVE_MINT, // Quote token
  0,           // Curve type: 0 = constant product, 1 = fixed price, 2 = linear
  0            // Config index
).publicKey

Common configurations

Quote token	Curve type	Description
SOL (NATIVE_MINT)	0 (constant product)	Standard launch denominated in SOL
USD1 (mainnet)	0 (constant product)	Stablecoin-denominated launch
sUSDC (devnet)	0 (constant product)	Stablecoin-denominated launch

---

Pool lifecycle

After creation, the pool progresses through these states:

Status	Value	Description
Trading	0	Bonding curve is active. Users can buy and sell tokens.
Migrate	1	Fundraising goal reached. Migration to AMM in progress.
Migrated	2	Migration complete. Token now trades on Raydium AMM.

The transition from trading to migrate happens automatically when totalFundRaisingB worth of quote tokens have been raised.

---

Deriving the pool id

After creation, you can derive the pool id for use in trading functions:

import { getPdaLaunchpadPoolId, LAUNCHPAD_PROGRAM } from '@raydium-io/raydium-sdk-v2'
import { NATIVE_MINT } from '@solana/spl-token'

const { publicKey: poolId } = getPdaLaunchpadPoolId(
  LAUNCHPAD_PROGRAM,
  mintA,
  NATIVE_MINT
)

console.log('Pool id:', poolId.toBase58())

---

Next steps

Once your token is launched:

1. share the pool — users can trade using buyToken() and sellToken()

2. monitor progress — track fundraising progress toward totalFundRaisingB

3. claim fees — use claimCreatorFee() to collect bonding curve trading fees

4. post-migration — claim LP fees using harvestLockLiquidity()