How it works.
LEVERD is a direct launchpad. You create a token on Pump in one signed transaction, and it is paired with one platform token, Leverd. There’s no fundraising round, no allocation and nothing to claim later.
- 01
Launch
A creator enters the token’s details, reviews exactly what will be created, and signs.
- 02
Trade
The token trades against Leverd right away: on its Pump bonding curve, then in its PumpSwap pool.
- 03
Collect
Each trade pays a creator fee in Leverd. Those fees are taken out of circulation and held in that token’s own custody account.
Leverd
Leverd is the quote token for every launch. Tokens launched here are priced in Leverd, and their creator fees are paid in Leverd. Leverd itself is a normal Pump token, paired with SOL.
Leverd can support launches on its bonding curve or in its PumpSwap pool. New launches pause while its completed curve awaits migration.
Leverd’s own creator fees, from trades of Leverd itself, go to a separate Leverd treasury. They never fund a launched token’s account, and launched tokens’ fees never flow into the treasury.
Launching a token
| Details | Name, symbol, image (static PNG, JPEG or WebP, up to 2 MiB), an optional description and links. |
|---|---|
| Review | The service publishes your image and metadata and returns an immutable review. It covers the new mint, the Leverd pairing, the token’s custody account and the most the launch can cost. The review expires after ten minutes. |
| Sign | Your wallet signs twice: once to approve that exact review, then the launch transaction. Your browser checks the transaction against the review before asking. |
| Confirm | The service submits the signed transaction. The launch counts only once it finalizes and the token is admitted to the platform registry. |
The launch creates no initial buy and doesn’t use Mayhem mode. The token’s starting price is set with a pricing simulation in Leverd. That isn’t a purchase of Leverd or a deposit to any treasury.
The new token’s mint key is created in your browser and lives only in that tab until you sign. If you reload before signing, start a fresh review. Signing grants no right to withdraw collected Leverd or change policy.
Trading
| Bonding curve | The token trades on its Pump bonding curve, priced in Leverd. |
|---|---|
| Awaiting migration | The curve is complete and trading pauses until the token’s PumpSwap pool opens. |
| PumpSwap pool | The token trades in its canonical PumpSwap pool against Leverd. |
Trading happens on Pump/PumpSwap. Token pages link to their markets. LEVERD handles launching and fee accounting.
Fees & custody
Each launched token has its own custody account. Creator fees from that token’s trades are already Leverd. They’re swept from Pump’s fee vaults and collected into that account automatically. Collection is permissionless and goes to a fixed destination; it doesn’t grant anyone spending rights.
Collected Leverd is taken out of circulation and held in a separate custody account for each launched token.
Reading the numbers
Each token page separates figures that are easy to confuse. They’re never added together.
| Qualified Leverd collected | Finalized collections into this token’s account that trace back to its own fees. This is the headline number. |
|---|---|
| Held in custody now | The account’s current Leverd balance. It can differ from what was collected, for example because of donations. |
| Creator fees observed | Fees seen on this token’s trades, including ones not yet swept and collected. |
| Uncertified inflow | Leverd in the account that can’t be traced to this token’s fees, such as donations or another creator’s fees. Excluded from collected Leverd. |
| Keeper network costs | SOL paid by the separate keeper wallet that runs collection. Never paid from custody. |
| Coverage | The finalized slot range the figures were read from. “Unavailable” means the history couldn’t be read. It doesn’t mean zero. |
Statuses
| Outcome unresolved | Submitted but not yet finalized. Expiry alone doesn’t prove it didn’t land, so it’s never replaced, only checked or resent exactly. |
|---|---|
| Finalized | Confirmed at finalized commitment. Once admitted to the registry, the token appears in Explore. |
| Failed on-chain | It landed and failed. Nothing was created. |
| Expired, never landed | Verified absent from finalized history. You can start a new review. |
| Rejected | The service refused the signed transaction, for example because it didn’t match the review. |
What this doesn’t do
No crowdfunding, contribution window, shared allocation or token claims. Collected Leverd stays out of circulation in custody.
Questions
Why is my token not in the list yet?+
Tokens appear only after the launch finalizes and is admitted. Check its status on the Launch page.
What if my launch seems stuck?+
Don’t sign a new one. Use “Resend saved transaction” on the status screen. It resends the exact transaction you already signed and can’t create a second token.
Can I recover a launch from another browser?+
Yes. Use the intent ID on the Launch page. Resending needs the signed transaction, which is saved only in the original browser.
Where can I trade?+
On Pump: on the bonding curve first, then in the PumpSwap pool. Each token page links to its market.