Overview
Origin is a suite of tools for next generation token launches. EMP Auctions and Fixed-Price Auctions are the two primary mechanisms for token distribution, which will be covered in-depth in later sections.
Callbacks, Allowlists, Direct-to-Liquidity, and Vesting are additional features that projects may implement into their auctions. As a user, here’s what you need to know about them:
- Callbacks are advanced functions that augment auction behavior when certain conditions are met or when specific actions occur. If implemented, participants should be made aware of this by the seller or curator.
- Direct-to-Liquidity is a type of callback that automatically seeds a liquidity pool with auction proceeds. This adds a layer of programmatic security to a process that’s typically manual and prone to errors. It also enhances trust for buyers due to transparency on how funds will be utilized post-auction.
- Allowlists are used to gate access to a specific group of participants, such as early adopters or community members. We expect allowlists to primarily be used for Fixed-Price Auctions.
- Vesting is used to set vesting schedules on payout tokens for long-term incentive alignment. If implemented, participants will have to wait until the vesting duration ends before claiming their tokens.
Origin was designed to solve the Token Launch Trilemma and the shortcomings of legacy launchpads. For users, this may be important context on why some sellers will utilize several features — either independently or in stages. It’s recommended to read these posts for a deeper understanding: