How it works
The life of a coin
One billion coins and no creator allocation. Pour HYPE into the curve and watch it climb.
Launch
A creator pays a small fee. That buys the first 5% of the supply, which goes straight to stakers. The creator receives no coins.
Trade on the curve
Trading opens in the next block, at a price set by the curve. Every trade pays 1%: 0.4% to the creator, 0.4% to the platform and 0.2% to the venue.
Graduate
Once the graduation reserve has flowed in, the coin moves to a pool whose liquidity is locked forever, and stakers receive another 5%.
Rules in the contract
What Upwell promises is what the code enforces.
- Creators get no coins
- They buy after the opening block, like everyone else.
- Supply is fixed at one billion
- No mint, freeze, blacklist, transfer tax or rebase. Holders can burn their own coins.
- Pool liquidity is locked for good
- The position created at graduation has no removal path, for any role.
- Exits can't be paused
- Owners can pause new launches and stakes, never unstake requests or withdrawals.
- Nothing is upgradeable
- No contract has an upgrade key, a sweep, an arbitrary call or a delegatecall.
- Trading opens a block later
- No one can buy inside the launch transaction itself.
Questions
What is Upwell?
A launchpad on Kinetiq's Elysium, a chain that settles to HyperEVM. Anyone can launch a coin. Instead of a creator allocation, stakers of the Upwell token receive 5% of every coin at launch and another 5% when it graduates.
Where do staker allocations come from?
The launch itself buys the first 5% of supply and sends it to the staking contract. When the coin graduates, another 5% follows. Each allocation unlocks over 24 hours and is shared by eligible stake, hour by hour.
What happens at graduation?
When enough HYPE has flowed into the curve, anyone can trigger graduation. The reserve seeds an Upwell pool, the protocol's position is locked with no removal path, and trading continues there at the same price.
What is a paired launch?
A paired coin's creator-fee share funds a fixed Hyperliquid strategy, such as a 3x BTC long, chosen at launch and never changed. Realized profits buy back and burn the coin. Paired execution currently runs against a simulated venue and is labeled as such.
What is the Upwell token?
The platform token you stake. It will launch on Montra; the ticker is not decided yet. Until then, testnet staking uses a clearly marked test token.
Is this live?
Yes. The token's contract address goes in the navigation bar as soon as it exists. The app on this site still runs on a test network, so balances here have no real value, and nothing here is a promise of returns.