$POP

Quote tokens

A quote token is what a launch bonds into: the token the entire ETH raise market-buys when the curve fills, the token the bonded pool is paired with, and the token fees arrive in from then on. Choosing one is the most consequential decision a creator makes after the token itself.

What qualifies

Listing a quote token is permissionless. There is no application, no committee, and no admin approval. A token is listable when it satisfies two rules that the registry checks on-chain:

  1. It graduated on Pons. Verified by reading the Pons launchpad contracts directly, not a label we apply, not an oracle, not a signature. The token either has a graduated record in those immutable contracts or it does not.
  2. Its permanently locked liquidity clears a floor of 25 ETH. Measured from the locked position itself, so it cannot be faked with liquidity that can be pulled, or with donations.

Anyone can call the listing function for any token that passes. If you want a quote listed, you do not need us.

The floor is checked continuously, not once

The liquidity requirement is re-verified at every launch, not just at listing time. If a quote token's locked backing falls below the floor, it simply stops accepting new launches automatically, with nobody pressing anything. If it recovers, launches resume. Tokens already trading are completely unaffected either way: their economics were fixed at creation.

This is why there is no delisting function in the registry. There does not need to be one: the rule enforces itself, and an admin who could delist could also be pressured into delisting.

How the bond conversion is priced

Every launch raises the same amount, 4.2 ETH, regardless of which quote it bonds into, so no conversion is needed while a curve is filling. The conversion happens once, at the bond, when the entire raise market-buys the quote token on its own locked pool.

Two guards keep that buy honest:

  • A TWAP bound: the buy is checked against the quote's 30-minute time-weighted average price from the same pool.
  • A slippage cap: it may fill at most 5% worse than that average, or the bond reverts and can be retried.

And critically: every launch snapshots its own economics when it is created, so a curve that is already trading can never be repriced underneath its buyers.

Picking one as a creator

Bigger is not automatically better. What you actually want is a community that will care that you launched on them, because with quote burn or holder rewards, your launch is measurably good for them, and that is a real reason for them to pay attention.

Each quote page shows launches hosted, bonds, volume, total burned, and total paid out to holders. Those numbers are the honest signal.

Roadmap: other origins

The registry verifies quotes through pluggable origin adapters. Today there is one, for Pons v1 tokens. Adding another (Pons v2 pools, or tokenized-stock quotes) is an additive change: new adapters are appended, never swapped in, so quotes already listed keep the exact verification path they were listed under, forever.

Something unclear or wrong? The contracts are the source of truth, and every claim here is checkable on /proof.