ONIX
liveCREATE COIN

The money has a paper trail.

ARC · CHAIN 5042

Every fee split is on-chain. Every burn is verifiable. We publish the addresses; you check the math.

When a token graduates, its liquidity does not sit with us. It lives on Uniswap V3 — the most-used automated market maker in crypto, at its canonical deployment on Arc — and the position is burned, sent to the dead address. Nobody, the dev included, can ever move it. Everything below is how you verify that.

One thing on this page is not enforced by code, and it gets its own section instead of fine print: the trading dollar itself, iUSD, is issued by us and backed by deposits we hold. Section 2.4 says exactly how.

The Core is not deployed on this network yet. Addresses read “pending deploy” and balances are shown dotted — illustrative until the contracts are live on-chain.
Where every fee goes
1% TRADE FEE · SPLIT 50/50
TRADE FEE1.00%FEE SPLITTERCORE · 50/50PLATFORM DESK0.50% OF TRADECREATOR VAULT0.50% · CLAIMABLETREASURYPLATFORM SHAREYOUR WALLETON CLAIM
Enforced on-chain Projected · until claimed

1Mechanism

1.1 /The Curve
CONSTANT-PRODUCT · ON-CHAIN QUOTES

Every token launches on a constant-product bonding curve (x·y=k) — the same math a CPMM pool uses. Supply is fixed at 1,000,000,000, minted in full at create with no owner able to mint more. 800,000,000 sit on the curve; the rest is reserved for the graduation pool. There is no presale and no team allocation beyond an optional, capped dev buy at launch.

You buy directly on the curve: iUSD in, tokens out. iUSD is the trading dollar — each unit backed by a real dollar we hold, with the backing published and checkable, and redeemable anytime (bridge fees and custody disclosed in full in section 2.4) — so every quote reads directly as dollars. Price rises deterministically as iUSD enters and falls as it leaves — buys and sells route through the same curve, so the price is a function of how much has been bought, not an order book anyone can spoof. From first buy to graduation the price rises roughly 9x. Rounding always floors in the protocol's favor, and every quote is computed on-chain and confirmed before you sign — the number you see is the number you get.

Supply1,000,000,000
On curve800,000,000
Grad target5,000 iUSD
Price multiple~9x
1.2 /Graduation
ATOMIC · PERMISSIONLESS

Graduation is the moment a token leaves the curve and becomes a real market. When iUSD raised reaches the 5,000 iUSD target, the curve locks — further buys and sells revert — and the token graduates atomically to a Uniswap V3 pool. graduate() is permissionless: anyone can call it and earn a bounty. No manual step, no privileged operator, no single point of failure.

The pool is initialized at exactly the curve's final price, so there is no arbitrage gap and no snipe profit at migration. A migration fee of 2% of raised iUSD (immutable cap 10%) goes to the treasury; all residual supply left in the Core is burned. The pair is token/iUSD at the 1% fee tier.

The liquidity lives on Uniswap V3, burned forever.

The full-range LP position is minted straight to the dead address at graduation — it is burned, held by no one. It goes to a Uniswap V3 pool at the protocol's canonical deployment on Arc— the most-used AMM in crypto, audited and open-source — not to a fork or a custom contract we wrote. Nobody can ever move the position NFT or pull the liquidity: not the team, not the dev, not a multisig, because nobody owns it. That is the anti-rug guarantee, on-chain from the day a token graduates. The perpetual creator/platform revenue comes from the coin's own 1% tax on pool buys after graduation, split the same 50/50 way and released by a permissionless sweep.

1.3 /LP Burns
BURNED · UN-RUGGABLE
Nothing to certify yet — the Core is not deployed on this network, so no coin has graduated and no liquidity has been burned.
1.4 /Contracts
OPEN SOURCE · ON-CHAIN
COREThe Core — factory, curves, and fee accounting. No proxy, no owner mint.pending deploy
TOKEN IMPLToken implementation — every launched coin is a minimal EIP-1167 clone. Fixed supply, renounced from birth.pending deploy
LP BURNEvery graduated LP position is minted to this dead address — burned, un-ruggable, owned by no one.0x000000000000000000000000000000000000dEaD
TREASURYReceives the platform share, the launch fee, and the migration fee.0xa475646915E776CACEAE253a52674d352c773fc6

2Economics

2.1 /Launch Fee
50 iUSD · ANTI-SPAM

Launching a token costs a flat 50 iUSD (about $50, since each iUSD is worth one dollar), paid at deploy and sent straight to the treasury. It is anti-spam friction, nothing more — no listing fee, no subscription.

Launch fee50 iUSD
DestinationTREASURY
Collected to dateON-CHAIN · LIVE
2.2 /Fees
SPLIT 50/50 ON-CHAIN

Every trade — buy or sell — carries a flat 1% fee, split evenly between the platform and the creator and frozen per token at create. Nobody changes the rules of a token already launched. The same 50/50split applies to the coin's 1% tax on pool buys after graduation, released via a permissionless sweep — creator earns forever.

The platform share streams to the treasury; the creator share accrues in the Core until the creator claims it. We publish no self-reported totals — every wei is on-chain, so the balances themselves are the receipt, queryable by anyone.

50%
Platform
verifiable on-chain
TO TREASURY
50%
Creator
verifiable on-chain
CLAIMABLE · FOREVER
FEE 1.00% ─┬─ 0.50 PLATFORM
           └─ 0.50 CREATOR
2.3 /Reserve Buyback
DORMANT AT LAUNCH

A reserve buyback-and-burn engine exists in the Core but is dormant at launch: no reserve token is configured and the burn share of fees is 0%, so the pot never accrues. If a platform token ships later, a burn slice of fees can be enabled by the owner — for future launches only, with the change emitted on-chain as a public event.

StatusDORMANT
Reserve tokenNONE CONFIGURED
Burn share of fees0%
Pot balance0 iUSD

If the engine is ever switched on, the destination of every reserve token bought is hardcoded to the dead address, the trigger is a public function with a caller bounty, and the configuration change is an on-chain event. Nothing to press today — dormant means dormant.

The engine is in the bytecode; the switch is public record. Until a reserve token exists it does precisely nothing — machinery that admits it, which we find agreeable.

2.4 /The Trading Dollar
iUSD · BACKED · FEES 1% IN / 5% OUT

Every trade on ONIX is priced and settled in iUSD — a dollar token issued by the ONIX team, not by a bank or a third party. We create iUSD in exactly one situation: someone deposits real dollars (USDC on Base) with us — never out of thin air, and never more iUSD than dollars received. The bridge charges 1% on the way in: deposit 100.00, receive 99.00 iUSD. Cashing out burns your iUSD and pays USDC back to the same address, minus 5% on the way out: burn 100.00, receive 95.00. Both figures are quoted in the bridge before you sign — the fee stated here is the fee charged there, and there are no others.

The four keys, and what each one can do. The OWNERkey — also the reserve and treasury wallet — lives on the owner's machine only and never on a server. Three server keys run the automatic bridge, each published below with a bounded blast radius. The MINTER can call mint and nothing else; its daily ceiling (dailyMintCap, 5,000 iUSD/day at launch) is readable by anyone on the iUSD contract, and the owner can revoke the key with one transaction. Honest worst case, stated plainly: a stolen minter key minting at both ends of a UTC day boundary could issue up to twice the daily cap — 10,000 iUSD — before revocation. The FLOAT is a small hot USDC balance on Base that pays instant cash-outs; it is our money, it is counted in the backing, and its worst case is its own balance. The RELAYER pays gas and submits transactions; it holds nothing but gas dust and can neither mint nor touch the reserve.

The backing, as two numbers. The deposit fee stays in the reserve, so the reserve holds more than the circulating iUSD requires — and the honest way to publish that is separately, not blended into one reassuring total. REQUIRED is one dollar per iUSD in circulation. SURPLUS is what the two published wallets hold beyond that — fee revenue, ours, and never counted toward the claim. The 1:1 claim is exactly REQUIRED <= HELD, and a stranger can reproduce it with three reads: the iUSD total supply on Arc, plus the USDC balances of RESERVE and FLOAT on Base, then one subtraction.

REQUIRED = iUSD total supply (Arc)          1 dollar per iUSD
HELD     = USDC(RESERVE) + USDC(FLOAT)     Base, addresses below
SURPLUS  = HELD - REQUIRED                 fee revenue, not backing

Limits are policy, in numbers: instant credit up to $1,000 per deposit — above that, a person reviews before crediting. Instant cash-out up to $200 — above that, the desk pays from the reserve. Unlike everything else on this page, this section is a promise from us rather than a rule enforced by code — which is exactly why it is written here in plain sight instead of a footnote. How depositing and cashing out work, step by step, is on Get iUSD.

OWNER / RESERVEThe owner wallet — holds the real-dollar reserve backing iUSD, counted together with the float below. Key lives on the owner's machine only, never on a server.0xE0e9373220668a227c88Ae49a2f8d790B7b8ae97
DEPOSITWhere deposits are received — the same wallet as the reserve, so the backing is one balance anyone can read.0xE0e9373220668a227c88Ae49a2f8d790B7b8ae97
MINTERThe one server key that can mint iUSD besides the owner. Mint only, capped by the on-chain dailyMintCap, revocable with one owner transaction. Acts on Arc (no public explorer yet — the cap and every mint are readable over RPC).0xe446e89740409B6be9dc4fF813B30722a4a84d25
FLOATHot balance on Base that pays instant cash-outs. House money, counted in HELD (reserve + float). Worst case: its own balance.0x85f7dFFc051e9b17B3940A9a663B4D3B03250B37
RELAYERPays gas on Arc and submits signed transfers on Base. Holds gas dust only — cannot mint, cannot touch the reserve.0xe9A9A91553448d14626097Fb969459CBc9817b2e

Prefer prose? The same mechanism and economics, explained end to end: /docs. · ONIX is an independent launchpad built on Arc. Not affiliated with, endorsed by, or sponsored by Circle or Arc. Trading is denominated in iUSD, a dollar token issued by the ONIX team, backed one-to-one by published reserves and redeemable anytime. Bridge fees: 1% on deposit, 5% on cash-out — full disclosure on the Transparency page.