How Salvo works

Salvo is a token launchpad on Arc where everything is priced in dollars. You launch a token, it trades on a curve, and when the curve sells out the token graduates into a real liquidity pool. Market caps, fees and P&L are all shown in USDC dollars, never in a gas token.

The token

Every token launched on Salvo is a fixed-supply ERC-20 with a total supply of 1,000,000,000. There is no owner, no mint function and no way to print more. Of that supply, 800,000,000 tokens (80%) are sold on the curve and 200,000,000 (20%) are held back to seed liquidity at graduation.

The curve

A new token trades on a bonding curve: a pricing schedule where every buy moves the price up and every sell moves it down, so the more of the curve's tokens have been bought, the more dollars the next token costs. The curve opens at a launch valuation of $3,125: that is what the whole 1,000,000,000-token supply is worth at the opening price.

Graduation

When all 800,000,000 curve tokens have been bought, the token graduates at $50,000. Every token graduates at $50,000. By then the curve has raised about $10,000, a 16× move from the $3,125 launch valuation to the $50,000 graduation valuation. Graduation is atomic: in the same transaction the curve closes forever, the 200,000,000 held-back tokens plus the raised USDC seed a pool at the graduation price, and the liquidity position is locked permanently. From then on the token trades on the pool like any other. See Graduation.

Launching more than one token

A creator can also launch two or three tokens at once, a pair or a trio, in a single transaction. This is called launching a salvo. Every member of a salvo follows the same rules above: its own curve, its own graduation, the same numbers.