How it works

The idea#

hodl is a token launchpad on Solana, built for the fomo community. Before a token graduates, you can only trade it on fomo.

How it works#

• Launch: A creator chooses a funding target and a trading fee.
• Trade: Buy and sell with SOL on fomo. A bonding curve is a formula that sets the price as people buy and sell.
• Graduate: Once the target is reached, trading opens up beyond fomo through a Meteora pool. The chosen trading fee stays in place.

How we make it happen#

Solana’s Token-2022 transfer hook is a check built into the token. It blocks unauthorized transfers during the launch phase. At graduation, the hook is removed. The transfer hook requires fomo to sign the transaction for the token transfer to work. The only way for fomo to sign a transaction is if it is authorized via their app.