How it works

You post. A parser turns the post into one command. Code signs it inside a wallet that is yours. The chain does the rest.

The wallet

Signing in with X creates a wallet tied to your handle. LaunchX signs your commands with it; the key is held as MPC shares by Dynamic, and neither side can sign alone. You can export the key at any time and leave. Sends to a handle that has never signed in land in a wallet made for that handle; they claim it by signing in.

The launch

A launch is a Flap tax token created through Flap's VaultPortal with a LaunchX vault attached. The tax you choose is split at launch between your vault, holder dividends and burn. Every trade pays it. The launch post's image becomes the logo.

The vault

Your share of the tax lands in a vault contract that only you can be paid from. It splits every arrival by a fixed formula: at a 3% tax, 98% to you and 2% to LaunchX (6% at 1%, 0.6% at 10%: Flap's own schedule). You claim any time; you can hand the whole stream to another address. The contract has no owner and no parameter; it is deployed behind a beacon that Flap's Guardian holds, which is Flap's requirement for vaults.

The fee

LaunchX charges 1% of the input on buys, sells and sends, paid in the asset you traded, sent from your wallet to LaunchX's. Launches pay no LaunchX fee beyond the vault split. Flap and the network take their own fees on every trade.

What you are trusting

• LaunchX can sign with your wallet. Export the key if that is not acceptable.
• Flap's Guardian can upgrade every LaunchX vault at once. Flap's Portal can change how a token's tax is split.
• Tokenized stocks are issued by third parties who can pause or block them, and are not available to US persons.
• Tweet commands are capped per command and per day; the web wallet is not.
• LaunchX takes a fixed number of wallets. When it is full, no new wallet is made until a spot frees up; nothing changes for existing ones.

Where the code is

The vault and factory are open source and verified on Sourcify.