> For the complete documentation index, see [llms.txt](https://sply-1.gitbook.io/sply/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://sply-1.gitbook.io/sply/how-launching-works.md).

# How Launching Works

## How Launching Works

This page explains the launch process from a product perspective. For the deeper call chain, see Launch Flow Internals.

### 1. A team creates a project

On the create page, a team submits:

* token name and symbol
* total supply
* presale price
* soft cap and hard cap
* per-transaction and per-wallet limits
* end time
* logo, description, and links
* a selected template

### 2. The platform creates project components

The project is created through the factory system, which coordinates:

* token
* vault
* presale

### 3. Participants join the presale

Users contribute BNB to the presale path. Funds are held in custody and the presale state advances according to platform rules.

### 4. The project reaches finalize

When launch conditions are met, the finalize path handles the market transition:

* platform fee handling
* LP creation
* pair discovery
* market configuration
* LP burn
* trading enablement
* permission shutdown

### 5. The token moves into the public market phase

Once finalize is complete, the token page becomes the primary market-facing page with market data, liquidity data, and trade history.

### 6. Verification and public state follow

The backend verification flow then picks up finalized tokens and pushes them into the source verification pipeline.

### Why this matters

The key idea is that projects do not leave the platform at the moment they are created. They stay inside a coordinated lifecycle until they reach a standardized public market state.

***

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