Every market on outscope tracks one number. This page covers the whole system: what the peg is, where the reference comes from, how the market is kept honest against it, and what happens on the curve before and after graduation.
A token here is two things at once. It is an ordinary launch — a bonding curve holding the entire supply, tradeable from the first block, graduating into a pool with permanently locked liquidity — and it is a claim on a reference: one specific number in the world.
The number is chosen once, at launch, and written into the launch transaction. It cannot be changed afterwards by the creator, by us, or by anyone holding the token. Every surface that shows the token shows the number beside it.
The peg is a price relationship, not a redemption right. A token pegged to a number has a target price derived from that number, and the market is expected to trade around it.
A peg tracks a price. It is not ownership. Holding the token gives you no claim on anything the number describes — no shares, no revenue, no vote — and implies no endorsement by anyone.
The target price has to reach the chain somehow, and most numbers do not exist on chain. That job belongs to the oracle: a contract holding one record per market, written by a permissioned reporter and readable by anyone.
Reads are bounded by age. Past a maximum staleness the oracle reports the target as unavailable rather than returning its last known value — a feed that dies quietly and keeps serving a stale number would pin a live market to a price that stopped being true. The oracle can only ever say what the number is. It cannot mint, move balances, pause trading, or reach locked liquidity.
Numbers are pulled on a schedule and republished, rather than fetched when someone loads a page — a page read should never wait on a third-party API, and every reader should see the same value at the same moment.
Each reference is pulled from its source on a fixed interval, written against its market with the time it was observed, cached in memory, and its per-token target computed and written to the oracle. Some feeds close — a market cap, a box office weekend. Outside their hours the reference holds at its last value and is marked stale. The token keeps trading; the target it trades against is simply not moving, and that is a normal state, not a fault.
Publishing a target does not make a market obey it. Convergence is the part that gives the peg teeth. The obvious answer — a rebase that rewrites balances — is rejected here: it turns a price problem into an accounting problem for everyone who ever touched the token. Instead the gap is made visible and capital is pointed at it.
The fee vault is the capital that leans against that gap. Two per cent of every trade accrues to an address belonging to that token alone, and it is deployed against the premium: buying into the token's own market when it trades under target, selling into the pool when it trades over. Volume funds the correction, and the correction is strongest exactly when there is most trading to fund it. Convergence is a pressure, not a guarantee — nothing here can force a market to a price.
You choose the number, set a name, ticker, image and links, and pay the launch fee. The entire supply is minted straight to a bonding curve. Nobody, including you, is holding a bag set aside beforehand.
Anyone can buy and sell immediately. Price rises as people buy and falls as they sell; the curve always takes the other side, so there is never a wait for liquidity.
Once the curve sells out, everything it collected seeds a Uniswap v4 pool and that liquidity is locked permanently.
The token trades in its pool against the published target for the life of the token.
A bonding curve is a vending machine. It holds the whole supply from the moment of launch and will always sell you tokens and always buy them back. The price is worked out from how much of the supply has been bought so far — not set by anyone, not negotiated. This is why a token is tradeable in its first block with nobody providing liquidity, and why early buys are cheaper than late ones. A portion of the supply is held back from the curve and reserved for the pool the token graduates into.
When the curve has sold its sellable supply, the launch graduates. Everything the curve collected, together with the reserved supply, seeds a Uniswap v4 pool, and the liquidity position is locked permanently. Permanently means what it says: no timelock that expires, no multisig that can withdraw it, no admin function that can move it. Graduating is not a quality signal — it means the curve sold out and nothing more.
| Launch fee | 0.0005 ETH |
| Vault gas | 0.001 ETH |
| Curve fee | 1.00% |
| Creator fee | 2.00% |
| Pool fee | None |
Fees are always charged in the asset the token trades against, never in the token itself. The creator fee is the same 2% for every market on the platform — it is not a per-launch setting, so the peg mechanics are funded identically everywhere.
Every launch derives its own fee vault, set as the token's fee recipient in the launch transaction itself. Fees from a token accrue only to that token's vault, so one token's volume can never fund another's peg. The address is derived deterministically from a single secret, combined with a public value recorded alongside the launch. A vault can hold fees and trade the token it belongs to. That is all — it cannot mint, reach locked liquidity, or touch anyone's balance.
Everything runs on the pons v2 contracts on Robinhood Chain, chain id 4663. Each launch gets its own token and curve, which you should resolve from the factory rather than hardcoding.
No. The peg is a price reference. It carries no shares, no revenue, no assets, no vote and no dividend.
The reference holds at its last published value and is marked stale. The token itself keeps trading, because its own market never closes.
No. The number is written into the launch transaction and is fixed for the life of the token.
Yes. Nothing is reserved and being first confers no claim.
It accrues to a fee vault belonging to that token alone, at an address fixed in the launch transaction.
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