How Pari works

What Pari is and what happens from the first buy to the locked pool.

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What it is

Pari is a token-launch protocol, live on Solana and built to run on more chains. The name comes from pari passu: on equal footing, with the same rights. PariPad is the launchpad built on it.

Every launch follows the same public rules, and everyone starts from the same point. A wallet that buys in the first seconds pays a high fee, and most of that fee goes to the holders of the token. None of it goes to Pari.

Pari has three parts:

• Rules. A dev picks one of three presets. Each preset sets the opening fee, the buy limits and the dev’s own buy.
• Liquidity lock. When a token reaches the DEX, all of its liquidity is locked for good.
• Fee sharing. The dev receives a share of every trade for the life of the token. Sites and bots that launch through the SDK receive a share too.

Pari is built on Meteora’s Dynamic Bonding Curve (DBC). After the curve, a token moves to a Meteora DAMM v2 pool.

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When to use it

Read this page first. It gives you the whole path of a token. Each step links to the page with the detail.

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Step by step

1. The dev picks a preset

   On the site, or through the SDK. See Launch rules and presets.

2. The token is created

   It uses Token-2022, and a transfer hook enforces the buy limits.

3. The dev's launch buy is locked

   It sits in a program vault. Each preset caps its size, and the dev cannot sell it early.

4. Trading opens on the bonding curve

   The market cap starts at about US$ 6k. The fee starts at 99% and falls to 1%, a little lower every second. A max wallet and a per-slot buy cap apply at the start.

5. The holder window runs

   For the preset’s decay time plus 5 minutes, the whole partner share of the fees goes to the token’s holders. See Fees.

6. The token migrates

   It moves to a DAMM v2 pool at about US$ 45k market cap. The hook is revoked on the buy that completes the curve.

7. All liquidity is locked for good

   The locked positions belong to the Pari program, not to the creator. See Liquidity lock.

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Numbers and limits

Total supply	1,000,000,000 tokens, 6 decimals
Market cap at the first trade	About US$ 6k
Market cap at migration	About US$ 45k
Fee at the start	99%, falling to 1%
Fee on the curve	1% per trade
Fee after migration	0.5% per trade, set when the pool is created
Name lock	6 hours from the launch

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What can go wrong

Pari sets the rules of a launch. It does not make a token safe, and it does not set a token’s price. Read Risks before you buy.

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Next

Launch a token

From connecting a wallet to a live token.

Buy and sell

How a trade works in the opening window and after it.