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

# LaunchLab overview

> What LaunchLab is, who it is for, and how token launches move from bonding curve trading to Raydium pool liquidity.

<Warning>
  LaunchLab is permissionless token-launch infrastructure. Anyone can create a token, choose a name or ticker, and configure launch parameters. Always verify mint addresses and launch settings before buying or promoting a token. This page explains product mechanics only and is not financial, legal, or investment advice.
</Warning>

LaunchLab lets creators issue tokens and bootstrap initial liquidity through a bonding curve. Buyers trade against the curve before graduation. When the launch reaches its graduation threshold, liquidity migrates to a Raydium AMM pool and trading continues through normal Raydium routing.

## Who uses LaunchLab

| Audience  | Common tasks                                                                                            |
| --------- | ------------------------------------------------------------------------------------------------------- |
| Traders   | Discover early-stage tokens, buy or sell on the bonding curve, and track graduation progress.           |
| Creators  | Launch a token without code, configure curve parameters, and optionally earn creator fees.              |
| Platforms | Build branded launch environments with their own fee settings, branding, and launch discovery surfaces. |

## How a launch works

1. A creator configures token metadata, supply, curve settings, graduation target, and optional fee settings.
2. The token opens on a bonding curve. Buyers and sellers trade directly against that curve.
3. The curve price changes as buys and sells happen.
4. When the curve reaches its graduation target, liquidity migrates to a Raydium pool.
5. After graduation, users trade the token through Raydium Swap and aggregators that route through Raydium pools.

## Creation modes

| Mode       | Use it when                                                                                       | Key settings                                                               |
| ---------- | ------------------------------------------------------------------------------------------------- | -------------------------------------------------------------------------- |
| JustSendit | You want the fastest no-code launch with default settings.                                        | Name, ticker, image, optional social links, optional first buy.            |
| LaunchLab  | You need more control over supply, graduation target, curve allocation, vesting, or creator fees. | Supply, raise target, curve allocation, vesting, post-migration fee share. |

JustSendit uses a default graduation target. LaunchLab mode lets creators set the graduation target, subject to the UI and program limits.

## Graduation and liquidity

Graduation closes the bonding curve and migrates assets into a Raydium pool. The post-migration pool type and LP treatment depend on the platform configuration and creator-fee settings.

* If post-migration creator fees are enabled, the launch migrates to CPMM and a Fee Key NFT can represent the creator's fee rights.
* If the platform uses a legacy path without post-migration creator fees, the launch may migrate to AMM v4.
* Platform settings can change how LP tokens are burned, locked, or assigned after migration.

## Safety basics

* Verify the token mint, not only the ticker or logo.
* Review the graduation target and curve progress before trading.
* Check creator and platform fee settings before launching or buying.
* Treat Fee Key NFTs as fee-rights assets. If transferred or burned, the claim rights move or may be lost.
* Read [Trust and safety](/getting-started/trust-and-safety) before connecting a wallet or signing transactions.

## Pointers

* [Buying a LaunchLab token](/user-flows/buying-a-launchlab-token) — how the trading flow works before and after graduation.
* [Creating a LaunchLab token](/user-flows/creating-a-launchlab-token) — JustSendit and LaunchLab creation walkthroughs.
* [How creator fees work](/user-flows/how-creator-fees-work) — pre-migration fees and post-migration Fee Key NFTs.
* [LaunchLab platforms](/user-flows/launchlab-platforms) — what platform configurations can control.
* [LaunchLab protocol overview](/products/launchlab/overview) — deeper protocol mechanics.