Risks

Read this before your first trade rather than after your first loss.

The token itself

• Anyone can launch anything. Appearing here is not a review, an endorsement, or a listing decision. A name and a logo cost nothing to copy.
• A creator can hold a lot of it. The opening buy happens at the bottom of the curve, in the launch transaction. It is visible on chain, and it is worth looking at.
• A tax launch can charge up to 10% per side. Check what a launch charges before you buy, not before you sell.
• Creators walk away. Nothing obliges anyone to keep working on a launch after it opens.

The mechanics

• The first seconds are punitively priced. A buy in the opening block hands most of itself to the launch’s fee recipients. Wait.
• Pool quotes are estimates. After graduation, what you receive depends on the liquidity you pass through. Your protection is a minimum received, which reverts the trade rather than filling it worse.
• Locked liquidity is not price support. It means the pool cannot be removed. It says nothing about what the token is worth.
• Burning does not create demand. It reduces supply. Those are different things.
• Dividends are a share of fees, not a yield. They stop when trading stops, or when the split changes.
• Where fees go can change. A launch’s split can be replaced by its fee admin, and that seat can move — immediately by handover, or after a three-day public delay by recovery.

The software

• The contracts have not completed an independent audit. A bug in ours, or in Uniswap’s, can drain funds permanently.
• Nothing is reversible. A signed transaction cannot be recalled and an address typed wrong cannot be corrected.
• A mistyped social handle pays a stranger. The address is derived from the characters, and a handle that is renamed or sold takes its future fees with it.
• Displayed numbers are readings. Market caps and other values come from an index and from sampled prices, and can be stale or wrong.
• Your pending transaction is public before it is included, and somebody may act on it first.

Everything underneath

• The chain can stall or reorganise. GIWA is new. Congestion, an outage or a halt can delay or strand a transaction.
• A pairing asset can be frozen by its issuer. If that happens, that launch’s trading, fees, dividends and graduation can all stop, and nobody can override it.
• Gas is ETH. A wallet holding only the token it just bought cannot sell it.
• Third parties can fail. Sign-in, wallet infrastructure, RPC providers and artwork hosting are not ours, and an outage at any of them can stop parts of the product working.
• Rules can change. What is lawful where you are today may not be tomorrow, and access can end abruptly.

What we cannot do for you

We hold no keys, so we cannot move your funds, reverse a transaction, freeze an address, recover an account, or undo a mistake. That is the same property that means we cannot be compelled to do it either. It cuts both ways, and this is the direction that costs you.

Read a launch’s contract and its fee configuration on chain before you commit anything you would mind losing. And see the Terms of Use.