How IMAGINE works

Every IMAGINE coin launches on Raydium LaunchLab under the IMAGINE platform, paired with an asset: a tokenized stock like NVDAx or SPYx, a currency like USDC, SOL, or anything else LaunchLab supports. It is an ordinary LaunchLab coin and trades like one, on Raydium, Jupiter and anywhere that routes through them.

What IMAGINE adds is a pool per coin: a vault that collects the coin's fees and a set of locks that share them. On LaunchLab the coin's fee recipient is that vault, and the creator has to open the first lock before anyone else can join.

Everything that reaches a pool is in the coin's pair asset.

1. The 0.5% on-chain trading fee. Every trade on the coin's bonding curve, anywhere — Raydium, Jupiter, any bot — pays 0.5% that Raydium LaunchLab sends to the coin's pool. It is enforced on-chain by LaunchLab itself; no front-end can skip it.
2. The 1.5% app fee. Trades through imagine.fun add 1.5%, taken from the pair-asset side and paid into the coin's pool in the same transaction as the trade. On imagine.fun, 2% of every trade reaches the pool.
3. After graduation. When the coin moves from its curve to a Raydium pool, that pool's fee share keeps flowing to the coin's pool.
4. Donations. Anyone can deposit into a pool.

Raydium's 0.25% LaunchLab protocol fee also applies, as on every LaunchLab coin. It is Raydium's and not part of what reaches the pool. The creator earns nothing from fees — they earn only by locking, like everyone else.

Your weight is your locked amount multiplied by a term multiplier and a size bonus. Both are frozen on the pool when it is created.

weight     = amount × term multiplier × (1 + size bonus)
term mult. = 1 + 3 × √((t − 4h) / (365d − 4h))
your share = weight / total weight in the pool

The curve is a square root, so short commitments are worth making and a year still takes the top. Size tiers are measured against total supply, never against the pool, so nothing anyone else does can move yours.

Of everything that arrives, 10% goes to the treasury and 90% streams to lockers by weight. Arrivals are released over a short window rather than all at once, so a lock opened a moment before a big trade earns a moment's worth of it, not a slice of the whole. A new lock earns from fees that arrive after it and never dilutes what earlier lockers already earned.

A lock can earn at most what its tokens were worth when it was opened, measured in the pair asset, times its multiplier. The program reads the price itself when you lock: from the coin's LaunchLab bonding curve, or from its Raydium pool once it has migrated.

A lock that reaches its ceiling stops earning, and the locks still earning split what comes in. Its tokens still unlock on their date.

You can always break a lock. It costs two things, and both favour the people who stayed:

• Unclaimed rewards are forfeited and redistributed across the remaining weight.
• A slice of principal is burned, scaled by how much of your term is left. Breaking a lock near its end costs almost nothing.

Claiming is never penalised and never touches your lock.

• There is no admin withdraw path. Rewards go to whoever earned them; locked coins go back to their owner.
• A pool's terms are frozen when it is created. Changing the defaults later affects only coins launched later.
• Claiming and unlocking can't be paused.
• The creator locks first, in public, before anyone else can.

The coin can go to zero, and locking makes that worse, because you can't sell into the decline without burning part of your bag. IMAGINE changes who receives trading fees; it does not make a bad coin good.

A coin nobody trades pays nothing. There is no emission and no subsidy: the stream is other people trading.