Glossary

Anti-snipe window. The first couple of blocks after a launch, during which only the creator can buy in the launch block and no wallet may hold more than 5% of the initial supply or buy more than 5.5%. It expires permanently. Sells and transfers are never restricted.

Approval. A one-off transaction giving a contract permission to move a specific token on your behalf. Required before your first sell of any token.

Auto-Burn. One of the three token types: 1% per trade, split 0.4% to the creator, 0.3% burned, 0.3% to the platform. Chosen at launch, fixed for life.

Bonding curve. A pricing formula some launchpads use to sell a token before it reaches a real market. Honkfun does not use one. An earlier version did; tokens now launch straight into a Uniswap V4 pool instead, so there is no curve phase, no sell-out threshold, and no migration.

Burn. Permanently destroying tokens. Burned supply is gone; it is not held anywhere. The burn comes out of the token side of collected fees and is destroyed outright — nothing is bought or sold to make it happen. Only Auto-Burn tokens burn. Standard pays its whole share to the creator, and Tax-Free takes no fee to burn from.

Circulating supply. Tokens actually in existence and held by someone. On an Auto-Burn token it falls over time as trades burn supply.

Claim. Pulling your own accrued creator rewards into your wallet. It is about you. Anyone can trigger it, but it always pays the creator address. Not the same thing as Collect. There is nothing to claim on a Tax-Free token, which earns its creator nothing.

Collect. The permissionless transaction that sweeps a token's accrued fees and splits them between the creator, the burn and the treasury. It is about the token, not about any one person. Anyone can run it, and it takes no address arguments, so nobody can redirect the proceeds. It needs enough to have accrued to be worth the gas. Shown in the app as Run Collect & Burn. After it runs, the creator still has to Claim.

Contract address. The unique on-chain identifier of a token, and the only thing that reliably distinguishes one token from another. Names, tickers and images can all be copied.

Creator. The wallet that launched a token. Earns 0.7% (Standard) or 0.4% (Auto-Burn) of every trade, forever, and nothing at all on Tax-Free. The payout address can be handed over, two-step and creator-only, with no admin override.

Creator rewards. The creator's share of the fee. Accrues until collected and claimed. Tax-Free tokens produce none.

FDV (fully diluted valuation). Price multiplied by total supply.

Gas. The network fee paid in ETH for any transaction. Separate from Honkfun's trading fee, and payable even on a Tax-Free token.

Graduation. The step older launchpad designs used to move a token off a bonding curve and into a pool. Honkfun has none. A token's pool is created in its launch transaction, so there is nothing to graduate into and no window where trading stops. See The pool and the liquidity lock.

Holder. A wallet with a non-zero balance of a token.

Hook. A small contract Uniswap V4 consults at set moments in a pool's life. Honkfun's does exactly one job: it makes sure a token's pool can only ever be opened by that token itself, so nobody can create it first at a price of their choosing. It does not touch the trade fee — that is the pool's own swap fee, which the hook never sees.

IPFS. The distributed storage where token images live, so artwork is not hosted only by Honkfun.

Keeper. The app page listing every token with fees waiting to be collected and claimed, plus the buttons to do it.

Liquidity. The assets available to trade against. Deeper liquidity means your trades move the price less.

Locker. The contract that holds the Uniswap position of every token, permanently. It has no owner functions and no code path that can remove liquidity or move a position out. It is also what splits collected fees.

Market cap. Price multiplied by circulating supply.

One-sided liquidity. How a token's pool is seeded at launch: the token goes in and no ETH does. The ETH side is built up by buyers. It is what replaces a bonding curve — the price rises with demand because the pool rebalances, not because a formula says so.

Pool ID. How a Uniswap V4 pool is identified, in place of an address. Every V4 pool lives inside one shared contract, so a token has no separate pool contract to link to.

Price impact. How far your own trade moves the price. Grows with trade size, and is largest early on when the pool holds little ETH.

Round trip. Buying and then selling the same token. On Standard and Auto-Burn it always loses money, because each leg pays the 1% fee. On Tax-Free only gas and price impact apply.

Slippage. The maximum price movement you will accept between submitting a trade and it landing. Exceeded, the trade reverts rather than filling at a worse price.

Sniping. Buying in the first seconds after a launch, before others can react. Limited by the anti-snipe window, and shown on each token's safety card as "bought at launch".

Standard. One of the three token types: 1% per trade, split 0.7% to the creator and 0.3% to the platform, no burn. Chosen at launch, fixed for life.

Swap fee. The fee a Uniswap pool charges on every trade, set when the token launched. On Honkfun it is the whole cost of trading, and because the protocol is the pool's only liquidity provider — permanently — everything the pool collects accrues to that one position for the locker to split.

Tax-Free. One of the three token types: no fee on any trade, ever. Nobody earns from it — not the creator, not the burn, not Honkfun. Uniswap V4 has no fixed tier list, so a pool fee of zero is a real setting rather than the nearest cheap one, which is why a Tax-Free token is genuinely free to trade for its whole life. Chosen at launch, fixed for life.

Treasury. The platform's address, receiving its share of everything collected. Published on Network and addresses.

Uniswap V4. The only venue Honkfun uses. Every pool lives inside a single shared contract and is identified by a pool ID rather than an address, and a pool can carry its own fee instead of picking from a fixed tier list.

WETH. Wrapped ETH, the form ETH takes inside a Uniswap pool. The app wraps and unwraps for you when you trade.