Token Mill: Launch Day Guide

It is still launchpad season, bros, and we are beginning to feel that it won’t end anytime soon.

A few days ago, we met Heaven. Today, we are looking at yet another launchpad coming to the Solana ecosystem. It’s called Token Mill. While the name might not sound strange to Avax bros (it’s the brainchild of the LFJ team), it is new to Solana.

The big question, however, is why? Why do we need another launchpad, or more importantly, why do we need a Token Mill?

In the last few weeks, events surrounding the Solana launchpad wars have been nothing short of an Oscar-level movie. While Letsbonk enjoyed some bit of time in the sun, and we could swear that it was over for Pump.fun, the latter pulled a Real-Madrid-esque remontada to get back on top of the chart in the Solana launchpad sector.

While this might be an indication of the dawn of the revenue meta, it is an indictment of the idea that traders care so much about creator fees and other perks that competitors deployed to dethrone PumpFun.

This forms the core of Token Mill’s theory and why they see an opportunity for a new launchpad. One that prioritizes token pumps over incentives that can only apply when a token has matured.

In Token Mill’s theory, market participants punting new launches only want a couple things:

• Volatility
• The chance to catch a runner
• And a shot at 100x in 5 minutes

This is the bane of Token Mill’s design; everything else is secondary. In the next few paragraphs, we will explore this architecture/design in detail.

What is Token Mill?

Token Mill is an onchain token launchpad on the Solana network powered by bonding curves and a custom mechanism called King of the Mill (KOTM), allowing users to create, lock tokens, and trade along the bonding curve.

Token Mill functions like a volatility engine designed to take small tokens, inject market energy, and create a never-ending stream of speculative action.

At the protocol level, it combines:

• Custom bonding curves
• Instant, permissionless token creation
• Built-in staking, vesting, and referral mechanics
• King of the Mill: a volume-based buy-and-burn mechanism occurring every 30 minutes

Token Mill bonding curves

Token Mill is built on Bonding Curve AMM (BCAMM) mechanics. Every token uses a dual-pool architecture wherein Pool A handles trading until 80% of the token’s supply is minted. And Pool B activates for the remaining 20%, mimicking a “graduation” phase.

This setup creates a smooth, continuous curve, from launch to maturity without requiring LP migration or liquidity provisioning. Instead of relying on constant token/AVAX pairs and LP providers like Uniswap, each token’s price is defined mathematically based on the amount of  tokens that have been minted, where users are on the bonding curve, and the current tier of the pool.

This system allows Token Mill to give users or creators a number of bonding curve options to pick from such as: Linear, Quadratic, Exponential, Power and Logarithmic curves.

It is important to note that these curves cannot be changed once set, and ensure price only goes up with supply, enabling predictable, scalable token launches.

Token Mill architecture

Token Mill has a standardized model for each token created on the platform. The tokens are launched via audited templates with maximum supply caps, tokenomics parameters lock and vesting options, while ensuring that no tokens are honeypots, or have backdoors, or hidden malicious codes.

For creators looking to launch a token on Token Mill, the process begins with selecting a template, then proceeding to set the bonding curve parameters (any of the ones mentioned above), and then transferring ownership to the mill to prevent rugpulls. Once this is done, the mill loads the tokens into the curve and locks the contract, making it ready and safe for users to interact with or trade.

There is no liquidity required in creating a token on Token Mill and because the platform is its own AMM, there is no need for external listings.

Token Mill allows creators to customize parameters like token locks (vesting and fair launch mechanisms), enable real-time staking rewards, or insert referral fees as high as 10% of trade volume.

King of the Mill (KOTM)

Token Mill sets itself apart from other launchpads through a unique structure around what it calls the King of the Mill.

The way this works is such that every 30 minutes, Token Mill runs King of the Mill (KOTM), which is a real-time volume battle for a king in three different categories defined by market cap.

Bronze ranging from $50k – $250k market cap
Silver ranging from $250k – $1 million market cap
Gold ranging from $1 million – $10 million market cap

Every 30 minutes, a new King is crowned in each category. It is designed such that during the final 5 minutes of each round, the competition for volume gets fierce. A live leaderboard tracks the top 10 in real time. The winner in each category gets crowned King. After which all of the platform fee collected in the round is used to TWAP buy and then burn the winning token.

This creates a flywheel wherein the more a token is traded, the more likely it is to get pumped automatically by protocol fees. The buy pressure from the fee pump sends the token even higher, allowing buyers at any stage of the curve to stand a chance at flipping for profit.

At the end of the 30 minutes cycle, a new epoch commences, and this system repeats over and over again. The idea here is that hype drives volume, and volume means fees, the fees is then put to use to pump the winning token, and this drives hype.

It’s important to note that creators can opt out of KOTM at any time. If they don’t want to compete in the leaderboard-based pump wars, they can choose to receive standard creator fees instead.

This gives long-term builders the option to monetize sustainably while keeping early-stage tokens volatile enough to compete.

Final thoughts on Token Mill

Every launchpad seeks to create a new system around the dynamics of token launches and market participation.

For Token Mill, it is not different. However, Token Mill focuses on standardizing launches and getting rid of bad actors while creating an active volcano of constant buy pressure and hype in the trenches to ensure that market participants do not experience extended periods of no volume or no activity.

If you have ever thought of the reasons why a Great Depression could be occurring, yet the casino doors remain wide open, then you have your answer in the Token Mill model.

The mental gymnastics remain in finding or being allocated to the winning token and early enough for outsized returns.

Nonetheless, the modular design of the platform makes it attractive to creators building launching tokens for more serious business, allowing them leverage other brilliant features of the platform while choosing whatever bonding curve that suits their business.