How pegd.fun works The launch Every launch is one transaction. The factory deploys an immutable ERC-20 with a fixed supply of 1,000,000,000 tokens and 18 decimals — no owner, no mint function, no taxes, no blacklist, no transfer limits. In the same transaction it creates a fresh Uniswap V3 pool against USDT0 at the 1% fee tier, initializes the price so the fully diluted valuation opens at 3.00K USDT0, and deposits the entire supply as a single-sided liquidity position. Trading is live the moment the transaction confirms. The lock The liquidity position is owned by the factory contract itself. The factory has no function that decreases liquidity, transfers the position, or migrates the pool — not for the creator, not for the platform, not for anyone. The only pool interaction the factory can perform after launch is collecting accrued trading fees. This is verifiable in the contract source: there is no withdrawal path to audit around, because none exists. Graduation Graduation is a milestone, not a mechanism. When the pool holds 9.00K USDT0, the token is marked graduated onchain and gets the badge across the app. Nothing moves and nothing unlocks — liquidity was already permanent from block one. There is no bonding curve phase and no migration event to front-run. Buying and selling The swap panel routes through the factory's built-in verified router, which only trades against pools the factory itself created, enforces your minimum-output slippage floor and deadline, and never takes custody beyond the single transaction. You can also trade the pool directly through any Uniswap V3-compatible interface — it's a standard pool.