How VotePad works
Every coin launched here is a senate: its creator fees build a treasury, its holders vote on what the treasury does, and the vault carries out the result. This is the whole mechanism, trust included.
The idea
On most launchpads the creator side of every trade fee is the dev's. Here the dev takes none of it: every coin names one vault wallet as its creator fee recipient, and the site keeps a ledger of which fees belong to which coin. That ledger is the coin's treasury.
Anyone who holds the coin votes on what the treasury does: buy back and burn, share, send, keep. One signature per vote, no gas, under rules fixed at launch. Fees in. Votes decide.
Launching
One transaction through the pons launch-and-buy contract deploys the token and its curve, pays the 0.0005 ETH pons launch fee and makes your dev buy in the same block. The dev buy lands in your own wallet; you hold it like anyone else. The curve is the standard pons one: 1 billion supply, a 1% fee on every trade, graduation to the DEX at 4.2 ETH raised.
Before you confirm you choose the senate's tempo, Fast, Standard or Long: how long votes run and how long a pass waits before money moves. Once mined, the launch is recorded with its rules and nobody can change them. A coin that names the vault but was never recorded here gets the defaults.
Fees and the treasury
pons charges 1% on every curve trade, keeps 30% of it and credits the other 70%, the creator side, to the coin's fee recipient inside its fee escrow. A creator tax, if the coin has one, goes the same way. Every coin here names the vault, so those credits pile up under one address.
When the vault claims a coin's fees from the escrow, the site books the claim: 90% to the coin's treasury, 10% to the platform. The balance is those credits minus what the vault has paid out for passed proposals. The dev's share is 0%. Every claim and every payout is listed on the coin's page with its transaction hash.
Proposals
A proposal asks the treasury to do one thing from a fixed menu, with a title, a case, and for money actions an amount and an address. Any wallet holding at least the coin's threshold of the total supply (0.20% by default) may open one; the curve, the DEX pool, the vault and the burn address can neither propose nor vote. At most three proposals are open per coin at once, and each copies the coin's rules when it is created.
| Action | What the treasury does | Vote |
|---|---|---|
| Buy back & burn | Buy the token with treasury ETH and burn what was bought. | — |
| Share with holders | Split treasury ETH between holders in proportion to what they hold. | — |
| Buy a token | Buy another token on this launchpad into the treasury. | — |
| Send to a wallet | Send treasury ETH to one address. Needs the bigger vote. | Bigger vote |
| Donate | Send treasury ETH to a cause. Needs the bigger vote. | Bigger vote |
| Keep in the treasury | Decide to hold; nothing moves. | — |
| Poll | A question to the holders. No money moves. | — |
Voting and weight
A vote is a signed EIP-712 message, not a transaction: your wallet signs the coin, the proposal, your choice and a one-time nonce, and the site verifies it. No gas, nothing on chain. A signature is good for 10 minutes, a nonce once. One vote per wallet; signing again before the close overwrites the earlier choice.
Your weight is the smaller of what you held when the vote opened and what you hold when it closes: buying during a vote adds nothing, selling costs you the difference. While the vote is open the tally is provisional, with your balance right now standing in for the close.
Balances come from the site's own ledger of every transfer of the coin, replayed to the exact instant; no archive node. Until the indexer reaches the opening instant, weights show as settling. Quorum counts for, against and abstain against the eligible supply, the total minus the excluded addresses; abstain counts for quorum and nothing else. A proposal passes when it reaches quorum and for ÷ (for + against) is over the pass share. Actions that move ETH out to a wallet use the bigger quorum and pass share.
Rules
Chosen at launch, stored with the coin, copied into every proposal. A launcher picks one of three tempos; the rest have a default and a range the site accepts. The thresholds for sending ETH out can never sit below the ordinary ones.
| Rule | Default | Range |
|---|---|---|
| Votinghow long a vote stays open | 1 d | 1 h – 7 d |
| Wait before money movesfrom a pass to the earliest execution | 6 h | 0 h – 3 d |
| Quorumshare of the eligible supply that must vote | 10% | 1% – 50% |
| Pass sharefor ÷ (for + against) must be over this | 50% | 50% – 90% |
| Quorum, sending ETH outwhen ETH goes out to a wallet | 20% | 1% – 60% |
| Pass share, sending ETH outwhen ETH goes out to a wallet | 66% | 50% – 95% |
| To proposeshare of the total supply a wallet must hold | 0.20% | 0.01% – 5.00% |
Execution and the vault
The vault is a wallet operated by the team. A passed proposal waits out the coin's timelock; then a member of the team sends exactly what was voted from the vault wallet, by hand, and records the transaction hash here. The site checks the record against the chain: the transaction must have succeeded and come from the vault wallet, and for actions with an amount its ETH value is what gets booked as spent. If the vault has not acted within 14 days after the timelock ends, the proposal expires.
Said plainly: this is a server-controlled treasury. The rules are enforced by the site, not by a contract, and nothing on chain stops the vault from doing something else with the ETH. You are trusting the team to execute what was voted and to publish every transaction.
Risks
- The vault is a trusted party. No contract binds the treasury to the vote. If the team disappears or misbehaves, the ETH goes with it.
- The coin can go to zero. A treasury does not make a coin safe; curve tokens can lose all of their value.
- The ledger is ours. Balances, snapshots and weights come from this site's own index. A bug or an outage can delay or miscount a vote.
- pons is upstream. The curve, the escrow and the fee split are pons contracts. We do not control them and are not affiliated with pons.
- Big holders decide. Weight follows balance; a wallet with most of the eligible supply decides alone.
- Read what you sign. A vote signature only says which wallet chose what on which proposal and cannot move funds. Check it in your wallet anyway.
Nothing here is financial advice.
Contracts and addresses
Everything runs on Robinhood Chain, chain id 4663: the pons v2 contracts the site talks to, and the vault.
FAQ
- Does voting cost gas?
- No. A vote is a signature, not a transaction; nothing goes to the chain.
- Can I change my vote?
- Yes, until the close. Sign again and the new choice replaces the old one.
- I bought after the vote opened. Does it count?
- Not in that vote: your weight is the smaller of your balance at the open and at the close. It counts from the next one.
- Who can open a proposal?
- Any wallet holding the coin's threshold of the supply, 0.20% by default, except the excluded addresses, while fewer than three proposals are open.
- What if the vault never acts?
- The proposal expires 14 days after its waiting period ends; the ETH stays in the treasury and anyone eligible can propose again.
- Can a coin's rules change later?
- No. They are recorded at launch and copied into every proposal; nothing edits them.
- Where is the treasury ETH?
- In the pons fee escrow under the vault's address until it is claimed, then in the vault wallet. The ledger here says which coin each ETH belongs to.
Something else? Ask on X, or launch a coin.