Read a launch
Inspect identity, tokenomics, timing, refund terms, and pool state before signing.
Identity
Record the launch, token, liquidity vault, D17 factory, and locker factory addresses. The launch should expose the expected launch identity and be registered as canonical by D17Factory with the same rulesHash your locker will verify.
The terminal's metadata check compares name, symbol, description, logo, links, stored hashes, the factory publication event, and token contractURI. It does not tell you whether the project is useful or whether its market price will rise.
Supply and proceeds
The token supply is partitioned exactly:
sale + liquidity + creator distribution + dead-address allocation = total supplyThe creator distribution is capped at 10% of supply. The treasury share of settlement WETH is capped at 20%. The ordinary late-refund penalty is capped at 50%. Each launch may choose lower values.
Schedule
D17 uses exactly five rounds. Each round may have its own duration and allocation share. One global refund duration follows rounds 1–4; one global settlement duration follows finalization.
| Display round | Ordinary refund | Cost |
|---|---|---|
| 1 | Yes | Free |
| 2 | Yes | Free |
| 3 | Yes | refundPenaltyBps |
| 4 | Yes | refundPenaltyBps |
| 5 | No | Not applicable |
The deployer chooses the single penalty percentage, not which rounds pay it. The round schedule above is enforced by the current contract.
Price and pool facts
Round 1 establishes the anchor when its configured WETH and price floors are met. Later rounds use anchor-related accounting, and unsold allocation rolls toward the final round. After finalization, the pool begins with the proportional LP-token share corresponding to already settled liquidity WETH. Reserved LP tokens wait for unsettled lockers.
Late settlement adds the locker's WETH and reserved token share to the existing pair in one transaction. If market price has moved away from the launch ratio, Uniswap V2 minting can donate the imbalanced excess to existing LP holders; the participant's sale-token entitlement and configured WETH cost do not change.