Launch mechanics

A launch is a single market definition. It is immutable once staged, apart from the deployment state held by the host.

Token parameters

Symbol: two to eight characters, uppercase, unique per card binding.
Name: free text used for display in the market list.
Supply: fixed at creation. There is no mint function after staging.

Card binding

A card can back multiple coins, but each coin binds to exactly one card. The binding is recorded with the card rank, grade and last recorded sale price so the market carries its reference valuation.

binding = {
  card: "LUG1E",
  grade: "PSA 10",
  lastSale: 144300,
  market: "LUGIA/SOL"
}

Staged state

A staged market accepts no liquidity and quotes no price. It holds its parameters in the queue and becomes tradeable the moment the host opens deploys.