Raydium launches token issuance platform LaunchLab

ChainCatcher news, according to official sources, Raydium has launched a token issuance platform called LaunchLab, designed for creators, developers, and the community. Tokens are released through the JustSendIt model, raising 85 SOL, with liquidity immediately migrated to Raydium's AMM. Create on-chain tokens with no migration fees and no permission review.

For tokens launched through the LaunchLab UI, the basic transaction fee is 100 basis points (1%), with 50% allocated to the community pool (for creators + traders), 25% allocated to RAY buybacks, and 25% allocated to project expenses (infrastructure and operations).