A launchpad turns creating a token into a form. It deploys the contract, sets the supply, opens a market and usually adds some opening rules. Its value is that every token launched through it behaves the same way, so buyers know what to expect.
A pool-first launch
Rule Craft starts from the pool. The token is created and its v4 pool opens in the same transaction, with the rules already attached. There is no separate curve to graduate from.
What to check on any launch
- Is supply fixed, and who holds it at open?
- Is there an opening window, and what does it cost early buyers?
- Can the founding liquidity be withdrawn, and when?
- Can anyone change the rules afterwards?