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Redeem at the floor

Burn tokens and receive their share of the treasury in USDC.

Steps

  1. Open the token page of a launch you hold.
  2. Select the Redeem tab. It shows how many tokens you hold.
  3. Enter an amount, or select Max to redeem everything you hold.
  4. Read the quote:
    • At the floor: your tokens times the floor.
    • Fee, stays in the treasury: the launch's redemption fee on that amount.
    • You receive: the USDC paid to you.
    • Floor after: the floor for the holders who stay.
  5. Select Redeem and approve in your wallet.
  6. Wait for Confirmed on chain. The USDC is in your wallet in the same transaction.

Redeeming the last tokens

If your redemption burns every token in circulation, the quote shows Launch closes as the floor after. You receive the whole remaining treasury with no fee, and the launch closes.