No pre-mint. No insider allocation. Elastic supply with a rising floor. The anti-Pump.fun.
The token launch space has a trust problem. And everyone knows it.
On Pump.fun, over 95% of tokens launched go to zero. Creators mint tokens, hype them up, exit their pre-allocated positions, and disappear. The platform itself doesn't care — it takes fees on the way up and the way down. The incentives are aligned against the community from day one.
Solana's token ecosystem has become a speedrun to exit liquidity. "Fair launch" has become an ironic phrase. And the agents operating in this space? They're the fastest exit-seekers of all — deploying, generating hype, and exiting in minutes.
There's a different way to build this.
The Core Problem: Pre-Minting
Every rug pull starts with the same mechanic: the creator holds tokens that were minted before anyone else could buy.
It doesn't matter how it's packaged — "team allocation," "dev fund," "strategic reserve" — the result is the same. The creator has tokens at a cost basis of zero. Everyone else buys at market price. The creator liquidates their holdings. The price collapses. The community is left holding depreciating tokens.
This is such a fundamental problem that the entire token launch industry has been built around managing it rather than eliminating it:
- Vesting schedules (delays the selloff, doesn't prevent it)
- Locked liquidity (prevents LP drain, not token selloffs)
- Renounced ownership (prevents function changes, not pre-minted selling)
- Audit certificates (checks code, not economic design)
All of these are patches. None of them solve the root cause.
The Basis Solution: 100% Elastic Supply
On Basis, tokens are created with zero pre-minting. Not "low" pre-minting. Not "fair" pre-minting. Zero.
Here's how it works:
When someone buys a token, new tokens are minted. The buyer's USDB goes into the liquidity pool. Fresh tokens are created and delivered to the buyer. The price moves up along the pricing curve.
When someone sells a token, those tokens are burned. The tokens are destroyed. USDB comes out of the liquidity pool and goes to the seller. The price moves down along the pricing curve — but never below the floor.
The creator holds zero tokens at launch. There is no "team allocation" in the contract. There is no pre-mint function. The creator, like everyone else, must buy tokens on the open market. At market price. With real money.
This isn't a policy decision or a gentleman's agreement. It's a mathematical property of the contract. The createToken function deploys a token with zero supply. The only way supply increases is through buy. There is no mint function accessible to the creator.
Mathematically impossible to rug. Not "difficult." Not "discouraged." Impossible.
Two Token Types, One Anti-Rug Guarantee
Basis offers two token types, both with elastic supply:
Stable+ — Price Only Goes Up
The Stable+ token has a unique property: its spot price equals its floor price at all times. When you buy, the price goes up. When you sell, the tokens are burned and fees are injected back into the pool — so the price still goes up (or stays the same for the remaining holders).
There is no mechanism for the price to decrease. Buying pushes it up. Selling burns tokens and adds fees, pushing the floor up. It's a one-way ratchet.
Best for: Treasury tokens, base pair tokens, system tokens. Anything where stability and guaranteed appreciation matter more than speculative upside.
Leverage available: Maximum (dynamic, based on pool depth), because the floor always equals the spot price.
Floor+ — Rising Floor With Volatility
The Floor+ token has a rising floor price with a customizable stability dial (set at launch, immutable afterward). The spot price can rise above the floor based on demand, creating speculative upside. But the floor only moves up — never down.
The stability dial (50%-90%) controls how much of the liquidity pool backs the floor vs. allows free trading. Higher stability = tighter spread between floor and spot. Lower stability = more room for speculative price movement.
Best for: Community tokens, identity tokens, agent brand tokens. Anything where you want both a safety net and upside potential.
Leverage available: Maximum at launch (when floor = spot), decreasing as spot rises above floor.
How Creators Actually Earn
If creators can't pre-mint and sell off, how do they make money?
Through sustainable revenue, not extraction.
20% of all trading fees. Forever.
Every buy and sell on a Basis token generates a trading fee. The creator receives 20% of that fee, paid in USDB, for the lifetime of the token. Not for a month. Not until some milestone. Forever.
The remaining fee split:
- 16% → STASIS Vault (benefits all stakers)
- 4% → Presale participants
- 60% → Platform
This completely realigns incentives. The creator doesn't want to sell off — they want volume. More trading means more fees. More fees mean more USDB in the creator's wallet. The creator's best strategy is to build a healthy, active community that trades regularly.
Creator revenue is proportional to the token's success, not its failure. That's the opposite of the Pump.fun model, where creators profit by extracting value on the way out.
Surge Tax: Monetizing Hype Cycles
Basis includes a mechanism called surge tax that creates additional revenue during high-volume periods.
When trading volume spikes above a rolling 7-day threshold, a temporary additional fee kicks in. This fee decays linearly — it's highest at the start of the surge and drops back to zero as volume normalizes.
For Stable+ tokens, the surge is modest (up to ~0.5%). For Floor+ tokens with high hybrid multipliers, it can reach up to 15%.
Why does this matter for creators? Because hype cycles — the moments when everyone is buying — generate the most creator revenue. The surge tax amplifies this, rewarding creators who build tokens that attract genuine interest.
And here's the anti-gaming property: surge tax makes pump-and-exit schemes expensive. If you try to artificially inflate volume, you're paying elevated fees on every trade. The cost of manipulation scales with the manipulation itself.
What Agents and Creators Build With This
For AI agents and human creators alike, token creation isn't just about launching a coin. It's about building a revenue-generating asset.
Agent Identity Tokens: An agent launches a Floor+ token as its public identity. Community members buy in to support the agent. Every trade generates creator fees for the agent. The token becomes both a brand and an income stream.
Creator Brand Tokens: A human creator — writer, analyst, community builder — launches a Floor+ token as their on-chain brand. Supporters buy in, trading activity pays the creator, and the floor only rises. No pre-allocated bags, no temptation to exit at the community's expense.
Market-Specific Tokens: An agent or trader creating prediction markets can launch associated tokens. A sports prediction agent launches "SportsBet+" — a token that serves as the base pair for its prediction markets. All prediction market trading generates token trading volume. All token trading generates creator fees.
Treasury Tokens: An agent or DAO managing capital launches a Stable+ token as its treasury. Deposits mint new tokens. The treasury manager generates returns. Stable+ means the price only goes up — depositors have floor-price guarantees. Stable+ tokens can also be paired with BTC, ETH, SOL, and other major assets as the rising-floor side of a blue-chip trading pair.
Community Tokens: An agent or human community builder launches a Floor+ token. Community participation drives volume. Volume drives creator fees. Creator fees fund more community building.
In each case, the token creation isn't the end goal — it's the beginning of a revenue flywheel.
The Vesting Option
For agents or creators who want to signal long-term commitment, Basis offers optional liquid vesting at launch.
When creating a token, you can enable auto-vesting for reward phase participants. Early buyers receive tokens on a vesting schedule (cliff or gradual, configurable duration). But here's the key innovation — vested tokens can still be used as loan collateral.
You're vesting and borrowing against your vested position simultaneously. The tokens are locked for the vesting period, but the capital efficiency isn't sacrificed.
# Launch a token with 90-day gradual vesting for early buyers
result = client.factory.create_token(
"MYAGENT", "My Agent Token",
hybrid_multiplier=50, # Floor+ token
frozen=False,
usdc_for_bonding=10000, # funds the reward phase (parameter name is legacy)
start_lp=1000,
auto_vest=True,
auto_vest_duration=90, # 90 days
gradual_autovest=True # Linear unlock (vs cliff)
)The Contrast
| Feature | Pump.fun / Memecoins | Basis |
|---|---|---|
| Pre-mint | Yes (creator holds bags) | Zero (mathematically impossible) |
| Rug pull possible | Yes | No |
| Creator revenue model | Sell pre-minted tokens | 20% of trading fees forever |
| Price floor | None | Enforced by embedded reserves |
| Sustainability | Minutes to hours | Permanent revenue stream |
| Token utility | Speculation only | Collateral, lending, prediction markets |
| Community alignment | Adversarial | Cooperative |
| Vesting | Rare, easily circumvented | Built-in, with loan capability |
The difference isn't subtle. One model is built on extraction. The other is built on alignment.
The Punchline
Token launches don't need to be predatory. They don't need to be a race to the exit. They don't need "trust me" promises that evaporate the moment the chart goes green.
When you remove pre-minting, replace extraction with fees, and enforce floor prices mathematically, you get something that hasn't existed in crypto before: token launches where the creator's incentive is to build, not to exit.
For AI agents — systems that can operate 24/7, build communities autonomously, and optimize for long-term revenue — this is the token model that finally makes sense.
Not because it's safer (it is). Not because it's fairer (it is). But because it's profitable to be honest. And for any operator — agent or human — that's all the incentive it needs.
Basis: Zero pre-mint tokens. 100% elastic supply. Creator fees forever. The token launch model built for builders, not exit-seekers. launchonbasis.com
Basis Team
Published Mar 31, 2026