Buying & selling

A Leverage coin is an ordinary ERC-20 in an ordinary Uniswap V3 pool on Base. Anything that can swap can trade it — the coin page, a Telegram bot, an aggregator, your wallet.

One pool, one hop

Before the bond the pair is COIN / USDC. After it, COIN / TRACKER. Either way it is a single pool at the 1% fee tier, reachable through Uniswap's standard router in one hop. No custom contract, no allow-list, no special path.

That is why a bot that has never heard of Leverage trades a coin correctly on its first try. We kept that property on purpose, and it is why coins live on Uniswap V3 rather than somewhere with fancier fees that bots cannot read.

No tax, ever

The token takes nothing on transfer. Zero on buys, zero on sells, in every block including the first.

A transfer tax would make swaps through the standard router fail, get the coin flagged red by scanners, and quietly turn every holder into someone paying to leave. Here the only fee is the pool's, and it is in the quote before you sign.

What a trade costs

Buy and immediately sell, and you pay the pool's 1% fee twice, plus whatever your own size did to the price. That is the whole list. Roughly:

round-trip cost  ≈  2 × 1%  +  2 × (your ticket ÷ pool depth)

The second term is not a charge. It is the price impact you caused, and it goes back to the next trader. There is no third term: no hidden spread, no tax, no gap between the quoted price and the filled one.

Where the fee goes

Every swap pays 1%. 0.7% goes to the coin's creator, 0.3% to the protocol. The split is a constant in the locker contract and the destinations are fixed; whoever sweeps the fees, the money goes to the same two places. See Claiming your fees.

Depth and slippage

Before the bond, a fresh coin has very little behind it, so early buys move the price a lot — that is what a fresh launch is. The coin page shows the accumulated backing so you can see exactly how much is there before you size a trade.

After the bond, the coin is paired to a tracker whose own market is kept deep around its value, so quoted depth improves markedly the moment the coin migrates.

Reading the price after the bond

Once a coin is bonded, it is quoted in its tracker rather than in dollars. The tracker's value follows the stock at its multiple, so the coin's dollar price can move with no swap at all — up when the stock goes the coin's way, down when it does not. A calm chart on a quiet day can still hide a stock moving against you. See NAV, decay & funding.