02 — For grown-ups
The two formulas, and five measured scenarios
Floor = backing ÷ circulating supply
The vault’s backing over the tokens it has to answer for.
Step n = open × 2n
Every launch keeps its reserve in fixed steps above the price, each one doubling of the price from the open.
Cook, Bluechip and Moonshot climb to about a $1B market cap. Custom takes one step for each doubling from its graduation market cap to about $1B, at most 16, and each of its steps holds the same tokens. At each ratchet, what the steps sold is split between the floor and the pool by two numbers: the floor over the price, and the pool’s money over the market cap.
With ETH at $2,400 and a steady climb, Cook's vault holds $308K at a $10M market cap and $41M at $1B. Along that climb, a sell of 3% of the market cap moves the price 7.5% to 9.0%.
A reference launch on a 55/15/30 split with a 2× → 8× ask in place of the staircase. It raised $297K, with ETH at $2,400, before the LODE Platform fee. Live bid is the band's dear edge, where a sell fills first. The published floor sits one band, about 1.2%, under it. Market cap is price × total supply, as every tracker quotes it.
| Scenario | Market cap | Vault ETH | Held by vault | Live bid | Note |
|---|---|---|---|---|---|
| Graduation, $297K raised | $540K | $297K | 30% | $0.000537 | 99% of open |
| Everyone dumps on day one | $775K | $16K | 87% | $0.000775 | buyers get 89¢/$; bid ends above open |
| $576K pump | $3.14M | $759K | 5% | $0.000911 | the 2×–8× ask sold $458K into it |
| …then everyone dumps | $1.84M | $44K | 91% | $0.00183 | $714K paid to sellers; bid 3.4× launch |
| 30 days at $1M/day, balanced flow | $2.99M | $1.75M | — | $0.00299 | $30M traded · 4.8% of it stayed |
97.5% of the money raised waits under the price, as a buy order anyone can sell to. The other 2.5% is the $LODE cut. On a launch priced in ETH on Ethereum, a keeper sweeps it into $LODE. On any other launch its chain’s platform treasury holds it.
Changed your mind? Until the sale fills, hand them back for the price you paid, less a 1% fee.
founder 0% on every launch
1% LODE Platform fee each way during the sale
Every fee a trade can pay, with its rate and where it goes, is listed on the technical page.
Launch