Notus
Token launchpad with bonding curves and locked pools. Every coin migrates to LitVM at mainnet.
Notus is a token launchpad on LitVM designed for issuing and trading assets through bonding curves. According to its website, tokens on the platform are priced and traded in cbLTC, Coinbase's wrapped version of Litecoin. The site states that token prices adjust upward with every buy until hitting a graduation threshold of 800 million tokens sold, after which contract liquidity is transferred into a locked decentralized exchange pool. The project reports that its contracts operate without standard admin keys, relying on a 24-hour timelock. The site also outlines a migration mechanism to replicate all active and graduated tokens on LitVM mainnet via a snapshot preceded by a 24-hour freeze notice.
Questions
- What happens when a token graduates on Notus?
- According to the project's site, a token graduates once 800 million tokens have been sold along its bonding curve, which triggers the contract to move liquidity into a locked decentralized exchange pool.
- What asset is used to price tokens on Notus?
- The project's site states that tokens launched on the platform are priced and traded in cbLTC, Coinbase's wrapped Litecoin.
- How does Notus plan to migrate tokens to LitVM mainnet?
- The project states that all tokens on the bonding curve or in pools will be re-created on LitVM mainnet using a snapshot taken after an advance 24-hour freeze announcement.