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LaunchLab is a permissionless platform. Anyone can create a token with any name or ticker at any time. There is no vetting process. Always research a token independently before purchasing. This page explains mechanics only and does not constitute financial advice.

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What LaunchLab tokens are

LaunchLab tokens are issued on a bonding curve: a smart-contract-managed price curve where price rises as more tokens are bought and falls when tokens are sold. The curve operates until a graduation threshold is reached, at which point every newly initialized launch migrates to a Raydium CPMM pool and becomes tradable through normal DEX routing. Before graduation, you can only buy and sell against the curve itself. After graduation, the token trades on Raydium like any other pool.

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Before you buy

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Do your own research

  • Verify the token’s mint address matches the one announced by the project in question — scammers routinely create identically-named tokens.
  • Check whether the mint authority has been revoked. If it hasn’t, the creator could mint new supply and dilute your position. Wallets such as Solflare and explorers such as Solscan display this status.
  • Review the bonding curve progress: how many tokens have been sold, how many are left, and the current price. This is visible on the token’s LaunchLab page.
  • Inspect the creator address’s history if possible.

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Understand the curve mechanics

Prices on the bonding curve are not fixed. Every buy moves the price up; every sell moves it down. A large buy immediately before yours can significantly raise the price you pay (front-running / sandwich risk). Use slippage limits (see below).

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Step-by-step: buying via the UI

  1. Navigate to raydium.io/launchpad and find the token you want to buy.
  2. Click the token page to open its detail view.
  3. Connect your wallet if you haven’t already.
  4. Enter the amount of SOL (or the quote token) you want to spend.
  5. Review the estimated tokens received and the price impact shown in the UI.
  6. Adjust your slippage tolerance if needed (see below).
  7. Click Buy and approve the transaction in your wallet.
  8. After the transaction confirms, the tokens will appear in your wallet.
You can sell back to the curve at any time before graduation using the Sell button on the same token page. After graduation the token is in a Raydium pool; use the standard Swap interface instead.

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Slippage

Set an appropriate slippage tolerance. Bonding-curve tokens can be volatile. If you set slippage too low, your transaction may fail when price moves between your quote and execution. If you set it too high, you are exposed to sandwich bots. A reasonable starting point for most launches is 1–3%; raise it only if needed on very low-liquidity launches nearing graduation.
Slippage tolerance is the maximum price difference you are willing to accept between the quoted price and the executed price. The LaunchLab UI allows you to set this before confirming your transaction.

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After graduation

When the curve’s graduation threshold is reached (by any trader), the token migrates to a Raydium AMM pool automatically. At that point:
  • The bonding curve is closed; no further buys or sells go through it.
  • Your tokens remain in your wallet untouched.
  • You can now trade the token on Raydium’s Swap page or any aggregator that indexes Raydium pools.
  • Pool migration can take a few minutes to appear in aggregator UIs.

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Risks

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Pointers