# What runs it

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.

- The launch worker sends the platform launches.
- Pangea's LayerZero verifier and Hyperlane validators sign transfers, each after 1 block.
- The delivery bot lands arrivals, backing up LayerZero's executor after 20 seconds.
- The v4 watchdog raises any send that has not arrived after 15 minutes.
- The deviation keeper posts the bridge's cost figures; the fee sweep and the gas keeper collect and split the platform's fees.
- Holder payouts run every 5 minutes. [Equity share →](https://www.pangea.trade/app/docs/v4#v4-equity-share)
- Pangea's arbitrage bot keeps a v4 coin at one price across its open chains. Arbitrage is open to anyone.
- Every switch and setting: [v4 settings →](https://www.pangea.trade/app/docs/v4#v4-settings)

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