# Any pair, any token

Pangea v4: how a coin launches today. Every new launch is a v4 launch. A v4 coin lives on up to six chains: Robinhood Chain, Base, Ethereum, BNB Chain (BSC), Solana and Elysium. The four EVM chains and Solana carry LayerZero and Hyperlane; Elysium carries Hyperlane only. This tab is all of v4: creating a coin, chains and pairs, fees and holder rewards, opening a chain later, handing over, launching from your own wallet, the Bundle Kit, bridging, contracts and the API. Coins launched before v4 are in the v3 and v2 tabs.

- Any pair, any token, on every chain: Ethereum, Base, BNB Chain, Robinhood Chain, Elysium and Solana, on the self launch and on the platform-paid launch. The native coin, its wrapped form, USDC, a stock token, or any token you paste. There is no pair list, no admin approval and no minimum market: nothing allows or refuses a token by name.
- Stock pairs: on the EVM chains a tokenized stock is an ERC-20 like any other and pairs as one. On Solana today's tokenized stock mints are Token-2022 mints with extensions (permanent delegate, pausable, scaled UI amount, default account state, a transfer-hook authority) that Meteora's cp-amm pools take only with a cp-amm TokenBadge. Such a mint pairs when Meteora's TokenBadge for it exists: the launch passes the badge to the pool. Without a badge it is refused before anything is created, and one that is paused, or frozen by default, right now is refused too. Its issuer's powers (it can pause the token or move it from any account) are your risk, shown as warnings.
- Taxed tokens work: a transfer tax (or a Token-2022 transfer fee) is shown as a cost you pay on each buy, never a refusal, and the bridge never counts it as price.

## Your risk: the warnings

- A thin, taxed, new or volatile pair token can move your coin's price, and a token its issuer can change later can stop its swaps. The pair check shows what it finds about the token (its transfer tax, its market's depth, the issuer's powers) as warnings, never as refusals. The choice and the risk are yours.
- A tokenized stock pair gets its own warning: its price follows the stock's market (closed hours, halts, corporate actions) and its issuer's rules.
- A Solana Token-2022 mint whose issuer can still switch on a transfer hook (hook authority set, no hook program yet) is a warning, not a refusal: if the issuer switches the hook on, its pools stop working for it, your risk. Its cp-amm pool takes it only with a cp-amm TokenBadge: it pairs when Meteora's badge for that mint exists (the launch passes it); without one it is refused before payment (this token needs a Meteora token badge, which only Meteora can create).

## Refused only when it truly cannot work

- Not a token: on EVM, an address whose decimals cannot be read; on Solana, no initialised mint at that address, or a token program that is neither SPL Token nor Token-2022.
- More decimals than the pair maximum: 36 on EVM, 36 on Solana (a Solana quote with many decimals is limited by the opening price the pool can take, not by its decimals).
- The coin itself as its own pair.
- A buy-and-sell round trip that reverts (refused by the SDK's pair verdict; the launch page shows the checker's facts as warnings): a honeypot, or a token whose transfer reverts in the checker's test.
- The native coin as the pair of a launch with signed launch buys (EVM): those buys pull the pair token by an ERC-20 allowance, which the native coin has not; pair with its wrapped form to add launch buys, or launch without them.
- On Solana, a token that cannot sit in the coin's cp-amm pool: an active Token-2022 transfer hook (a hook program runs on every transfer); NonTransferable; Token-2022's native SOL mint (pair with SOL instead); a Token-2022 extension that needs a cp-amm TokenBadge (any extension but transfer fee, metadata pointer, token metadata and a transfer hook with no hook program) when Meteora has no badge for that mint; and a mint that is paused, or frozen by default, right now.

## The weak price path and unpriced marks

- The weak price path mark: the pair still launches, with the mark and its reasons, when its price path is thin (on EVM, moving the path's thinnest pool 2% takes under 50,000 dollars; on Solana, the token's market holds under 50,000 dollars), when its depth could not be measured, or when the path could not be confirmed just now.
- Unpriced, your risk: a pair with no readable pool path to a dollar price is not refused either. It launches unpriced, with the weak price path mark and its reason next to the pair before you pay; on Solana it opens with no route (signed price only). Its buys over the bridge are priced by Pangea's signed quote price where one exists, and its dollar figures may be missing.

## Platform-paid: the gas share of a quote you chose

- Gas kept on a revert: on the platform-paid launch, an EVM leg whose quote is a creator-chosen quote (not the native coin, its wrapped native or the chain's USD stable) has that open's priced gas share paid separately, in a second payment to the platform's launcher, and that share is kept if the open is mined and reverts (the platform spent the gas); you reclaim only the rest of the fee from the collector. If nothing is sent on that chain, the share is refunded to you by hand.
- On EVM an ERC-20 pair is usually opened for you on the platform-paid launch. Such a quote must open with the coin sorting first in its pool, so no opening dust in a token the platform does not hold is owed: the coin's address is re-salted up to 24 times, and if none sorts first (a quote at a very low address, or several ERC-20 legs at once), prepare answers 409 before payment: try again, pay in the native coin or its wrapped native, or launch it yourself.
- After 2 failed platform-paid opens on a quote you chose within 24 hours, for your wallet or for that quote, the platform-paid launch on it is refused before payment: launch it yourself, pick another quote, or try again later.
- On Solana's platform-paid leg, any pair token but USDC is funded by the creator: your own transaction creates the platform's account for that token and the list's buys come from your own account, so the platform puts no money of that token in.

Part of the Pangea documentation, v4 tab: https://www.pangea.trade/app/docs.md