The important mechanics in plain English, before you create or trade a token.
Each launch creates a new ERC-20 with one billion initial tokens and no future mint authority. The full supply is deposited into a new 1% Uniswap V3 pool paired with PIPEDOG. There is no platform launch fee and no free creator allocation.
The Uniswap position NFT is held by a non-upgradeable locker with no transfer or withdrawal path. This prevents the launch creator and protocol administrator from removing the deposited position.
Anyone may collect accrued LP fees. PIPEDOG fees are sent 50% to the launch creator and 50% to the protocol treasury. Fees collected in the launched token are burned. PipePad v1 contains no buyback mechanism.
Quotes are simulated against Uniswap before execution and transactions include a minimum output. Price movement, MEV, network delays and shallow liquidity can still produce failed or unfavorable transactions. Default slippage is 1% for swaps and 5% for an optional first buy.
PipePad v1 is not upgradeable. The administrator can pause new launches but cannot mint launched tokens, remove existing liquidity or redirect a creator's fee share. A protocol issue therefore stops new intake without changing existing case files.
Permissionless does not mean safe. PipePad does not endorse launches, creators or token prices. Smart-contract bugs, malicious metadata, volatile markets and complete capital loss remain possible. Verify addresses and never trade more than you can afford to lose.