tollbooth

How Tollbooth works

Tollbooth is a launchpad on Solana that runs its own Raydium LaunchLab platform. Every coin launched here is a real LaunchLab launch: it is created on Tollbooth's PlatformConfig, trades on its LaunchLab bonding curve, and is moved by Raydium to a CPMM pool when the curve completes.

The life of a coin

  1. Launch. A creator sets a name, a ticker, an image and an optional first buy. One transaction creates the mint (supply minted, mint authority revoked), the curve and the first buy.
  2. Curve. The coin trades against a constant-product curve with virtual reserves: 1,000,000,000 supply at 6 decimals, 793,100,000 sold on the curve, graduation at 85 SOL raised. These are the LaunchLab SDK defaults for the SOL configuration; Tollbooth does not change them.
  3. Graduation. When 85 SOL is raised, Raydium migrates the liquidity to a CPMM pool. Tollbooth's platform keeps 100% of the LP (platform_scale 1,000,000, burn_scale 0), so Raydium locks all of it through Burn & Earn and mints one Fee Key NFT to Tollbooth's escrow.
  4. Auction. That Fee Key goes up for 24 hours in SOL in the Booths. Half of the winning bid goes to the coin's creator, half buys and burns $TOLL.
  5. The toll. The winner holds the key. Every swap in the pool pays LP fees to it, collectable at any time in My keys, and the key can be resold.

Who it is for

Creators, who are paid a lump sum the day their coin graduates. Traders who would rather own a cash flow than a bag. Anyone who wants the fee stream of a coin they expect to keep trading.

NextThe Fee Key