> ## Documentation Index
> Fetch the complete documentation index at: https://docs.ponzu.app/llms.txt
> Use this file to discover all available pages before exploring further.
# What is Ponzu?
> A token factory on Ethereum. Presales with auctions or curves, refunds, diamond-hand vesting, and non-inflationary rewards.
## A token framework that adds time.
Tokens need time. Time for communities to form. Time for founders to ship. Time for price discovery to mean something beyond who had the fastest bot. The best projects are the ones where holders and founders are aligned around the same timeline.
Ponzu is a launchpad that builds time into every phase of a token's lifecycle. Presale pricing rewards early believers. Refunds let people leave without killing the project. Diamond-hand vesting makes patience the most profitable strategy. And every reward comes from real activity, not inflation.
Every mechanism follows one principle:
**Exit early, but leave the rest.**
***
## Two ways to price the same presale
The founder picks a pricing strategy at deploy. Bottles, refunds, vesting, and launch are shared.
**Ponzu Auctions** discover a clearing price on a clock. You watch a clock, not a progress bar. Not a number someone guessed, not oversubscribed. A project that clears at \$300K because that is what strangers actually valued it at is healthier than one that sells 80% at \$6K on a bonding curve, sells out instantly or bundled, and launches into speculation. Early conviction earns a bonus. The clock ends the sale.
**Ponzu Curves** have no clock. Price walks a straight line from start to finish as tokens sell. Launch on sellout. Use a curve when you already have a band you mean, want a sold-X-of-Y progress bar, or want a fixed-price sale.
***
## Presale refunds
Before launch, any buyer can get a 90% refund. The remaining 10% is effectively sold. Tokens get redistributed giving remaining holders a boost in allocation. And if you don’t want the penalty, your presale position is a Ponzu Bottle NFT. Sell it on secondary.
There's always liquidity, but no dumping. Only refunds. Rest until launch.
## Anti-sniper protection
When liquidity goes live, bots buy tokens the moment they are tradeable, expecting to dump on retail shortly after. Ponzuki launches with a 20% swap fee that decays linearly to 1% over the first hour. Sniping becomes less attractive. Those elevated fees flow to remaining holders.
Early speculation subsidizes long-term holders.
Ponzu Curves also charge a sniper tax on the opening of the sale itself, decaying to 0 over 60 minutes. Ponzu Auctions do not.
## Diamond-hand vesting
Once the presale graduates, vesting begins. You can claim only once. Exit early, forfeit the rest. Claim early, receive a fraction, leave the rest. Wait the full vest, get everything plus a share of what the impatient left behind.
The weak hands subsidize the diamond hands.
## The Distributor
Every early exit rewards the loyal. Forfeited tokens, swap fees, and penalties all flow through the Distributor. It routes revenue dynamically: as presale holders claim and exit, their share decreases and the farm's share increases. No governance, no admin, dynamic distribution. Presale holders who don't claim continue to earn rewards for the life of the project.
Conviction is rewarded, even after vesting.
## Non-inflationary farming
The farm receives rewards from swap fees, forfeited tokens, early exits. No new tokens are ever minted. We make non-inflationary farming a reality. The farm has its own conviction mechanism to prevent farm dumping: claim ETH anytime, but tokens, you can only claim once.
Conviction is extended.
***
## The complete picture
Each mechanism reinforces the others. Refunds allow for ambitious presale targets because buyers aren't taking 100% risk. Diamond-hand vesting tests patience. Swap fees protect from snipers. The Distributor sends tokens to those with conviction. The farm extends conviction beyond vesting.
Token launches do not have to be casinos. They do not have to be zero-sum games between insiders and retail. With the right mechanism design, they become coordination tools that tokenise ideas and reward believers.
Everything Ponzu builds is working toward one thing: aligning founders and holders throughout a token's lifecycle.
How launching a token early can bootstrap and accelerate your growth.
What changes when you can only claim once, and why patience pays.
***
## Key resources
* **Website:** [ponzu.app](https://ponzu.app)
* **SDK:** [@ponzu\_app/sdk on NPM](https://www.npmjs.com/package/@ponzu_app/sdk)
* **MCP Server:** [@ponzu\_app/mcp on NPM](https://www.npmjs.com/package/@ponzu_app/mcp)
* **Agent Skill:** [SKILL.md](https://ponzu.app/SKILL.md)
* **Addresses:** [All deployed contracts](/protocol/contract-addresses)
* **Socials:** [@0ponzu\_app on X](https://x.com/ponzu_app)
* **Founder:** [@0xYuzu on X](https://x.com/0xYuzu)