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Lesgo is a launchpad on Raydium LaunchLab. Every token starts on a bonding curve, graduates into a locked Raydium pool, and can be paired with SOL, a tokenized stock, or any asset Raydium supports. The one thing Lesgo does differently: reward tokens never sell into their own pool.
How a launch works
A launch mints a fixed supply of 1,000,000,000 tokens with 6 decimals and opens a constant-product bonding curve holding 793,100,000 of them (79.31%). Traders buy from and sell to the curve. When the curve has raised its target in the quote asset, LaunchLab migrates automatically: the remaining 206,900,000 tokens plus everything raised seed a Raydium CPMM pool, and the liquidity position is locked. The creator cannot withdraw liquidity, change the supply, or change the fee.
All of this is Raydium's audited program at LanMV9sAd7wArD4vJFi2qDdfnVhFxYSUg6eADduJ3uj. Lesgo is a platform configuration on it, not a separate exchange.
The burn program
A Burn + Rewards token carries a Token-2022 transfer fee, 1% by default or 3% if the creator chooses, fixed forever at launch. The fee is withheld in the token itself on every transfer. On other platforms the operator's wallet controls those withheld tokens and sells them into the pool to pay rewards, which is constant sell pressure paid by holders.
On Lesgo the withdraw authority for every burn token is a program address, HW4S7HSjrfMS7BzePVJQR7jsN1E7n3EST4Sud92dUPGT, owned by H6Gdk44WWcA59Qtq9hmWuUv48oXox7y7KvEAtfbePm5S. That program has exactly one instruction: harvest the withheld fees and burn them. There is no instruction that transfers them anywhere. Anyone can run it, and the program keeps a public ledger of every burn per token. “We don't dump” is a property of the code, not a promise.
What the burn does to the pool
Most transfers are swaps, and a swap burn works like a fee-funded buyback. On a buy the pool gives up the full amount and the buyer keeps all but the fee; on a sell the pool receives only the net amount and prices it accordingly. Every round trip therefore leaves the pool with fewer tokens and more of the quote asset, so the price ratchets up with trading volume. With volume equal to the pool's size each day, that is on the order of 1% a day at the 1% rate and 3% a day at 3%, compounding, before any net buying.
Transfers that do not touch the pool, such as moving tokens between your own wallets or to an exchange, also burn. Those shrink the supply outside the pool without changing the pool, which removes future sell pressure and raises the floor, and in exchange locks a growing share of the pool's liquidity permanently. Either way, no token is ever sold into the pool by the platform.
Holder rewards
Pool trading fees are charged in the quote asset, the thing the token is paired with. LaunchLab splits each trade's fee into a platform share and a creator share and holds both in program-owned vaults. On Burn + Rewards tokens the creator share is the holder pot. When it crosses a threshold, Lesgo claims it and pays every holder pro-rata from a snapshot of balances, in the quote asset, with a transaction you can inspect. No token is sold to fund a payout.
Holders below a small minimum are skipped (a payout that would not cover network rent is deferred, not lost), and rounding remainders roll into the next epoch.
Fees
| Fee | Standard | Burn + Rewards |
|---|---|---|
| Trade fee on the curve | 1% of each trade | 1% of each trade |
| Of which to the creator | 0.5% | 0.5% to holders |
| Of which to Lesgo | 0.5% | 0.5% |
| Transfer fee in the token | None | 1% (default) or 3%, burned |
| Launch cost | Network rent only, about 0.05 SOL. No platform fee. | |
Pairs
A token trades against its quote asset on the curve and in the graduated pool, and rewards are paid in that asset. Any asset Raydium has configured for LaunchLab can be a quote: SOL, USDC, tokenized stocks and pre-IPO tokens, and hundreds of others. The launch form lists them by category.
Launching a token
Choose a name, ticker, and square image (PNG, JPEG or WebP up to 2 MB). Add links if you like. Pick Standard or Burn + Rewards, pick the pair, review, and sign one transaction. The image and metadata are stored permanently on Arweave before the mint is created, so wallets and explorers show your token correctly from the first block. Nothing about the token can be edited afterward.
What you have to trust
Less than usual, but not nothing. Read it plainly:
- The curve, migration, and fee split are Raydium's program. Lesgo cannot change them per token.
- The burn program can only burn. Until its upgrade authority is frozen, an upgrade could change that; the plan is an audit followed by freezing the authority. The current status is shown on the stats page.
- Reward distribution is an off-chain job that claims the holder pot and pays out. Every payout is a public transaction listed on the rewards page, and the snapshot slot is recorded.
API and addresses
Public read endpoints, no key required: /api/tokens?mints=…, /api/history, /api/profile/<address>, /api/price, and token metadata at /meta/<ca>.json. Program and platform addresses are listed on the stats page.