Docs
Everything ONS HOOD does fits on one page. This is that page.
A launch
One transaction mints 1,000,000,000 tokens, renounces the minter role, and opens a bonding curve paired against ETH. Supply is fixed from that moment: nothing can mint again, there is no inflation schedule and no team allocation carved out of it. The fee to open a market is 0.02 ETH.
The curve
Price rises along the curve as the market raises ETH. There is no order book and no market maker: every buy moves the price up and every sell moves it down, by an amount the curve fixes in advance. For the first 3 seconds a 99% tax applies to buys, and it is paid into the curve rather than to the creator — the point is to make the first block unprofitable, not to earn from it.
Graduation
At 85 ETH raised, the curve closes and the liquidity moves into a locked liquidity pool. This is a threshold, not a decision: nobody approves it, nobody can bring it forward, and the LP position is locked once it lands. After graduation the market trades against the pool like any other token.
Fees
Every fill carries 1.00%. Half is swept into the buyback splitter, which buys and burns; the other half is the creator’s, and sits in escrow until they claim it. A creator can route their half to holders instead, split pro-rata, each holder claiming their own from the profile menu. Only the wallet receiving the fees can change that setting.
What this site does not do
It does not custody assets, hold keys, or submit anything for you. It does not vet the tokens listed on it. It cannot reverse a transaction. The terms say the same thing at greater length.