Permissionless launches.
No allowlist, no application. Connect a wallet and launch.
How it works
From launch to position in four steps.
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01 · Launch
Anyone launches a token.
Name, ticker, image. You sign the launch in your own wallet. Perpetual never touches your keys.
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02 · Trade
The market trades it.
Every buy and sell generates fees, routed to that token's own strategy account.
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03 · Fund
Fees fund a real position.
Perpetual's engine puts that revenue to work on Phoenix, building the token's position over time.
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04 · Verify
Everything is on the record.
Each token page shows actual fee receipts, executions and position state, linked to onchain proof.
Every token, its own position.
Revenue doesn't disappear into a treasury. It builds something you can see.
Per-token accounting.
Each token's fees, executions and position are tracked separately. Nothing is pooled or blurred together.
Real positions on Phoenix.
Not a points system. Fees become actual trades on a live Solana venue.
Verifiable, not promised.
Position data comes straight from the venue, with links to every transaction.
Questions, answered.
A permissionless token launchpad on Solana. Each token launched through Perpetual has its own strategy account: the fees the token earns are used to build a real trading position on Phoenix for that token.
No. Anyone with a Solana wallet can launch. You enter a name, ticker, description and image, then sign the launch transaction yourself.
Fee revenue is attributed to your token's own strategy account and used to build that token's position. Every receipt is reconciled to the right token before any capital is allocated.
Yes. Positions are opened on Phoenix, a live Solana trading venue. Token pages show position data read directly from the venue, not estimates.
No. You sign every launch in your own wallet. Your private key never leaves it.
Trading carries risk. A token's position can lose value as well as gain it, and nothing on Perpetual is a promise of returns.