Qlyphs Tokens
Launch a token in one transaction on a bonding curve, with a fixed supply, exact fees and balances derived from Quantus transactions.
How do you create a token that nobody, not even its creator, can quietly inflate?
A Qlyphs token is an overlay on ordinary Quantus transactions. QLYP-v1 reads those transactions in order and applies the same rules to compute balances. Tokens are not a native Quantus asset pallet, and the protocol implementation still needs security review.
Born on a bonding curve, graduated to NEAR
Every new token trades on a bonding curve: buy or sell any amount, at a price that moves with every trade. A full curve holds 210 QTC, and the token graduates to NEAR, where NEAR Intents bring buyers from every chain to it.
A token's life, from launch to NEAR
Follow an example token, GLYF, from its creation to its graduation.
- Supply
- 1,000,000,000
- Price per 1M
- 0.079 QTC
- In the curve
- 0.99 QTC
- qz…a41f created GLYF, first buy 1 QTC
- 01 / 05
You launch GLYF
You pick a symbol and, if you like, a first buy of up to 2 % of the supply in the same transaction. Creating it costs 0.03 QTC plus the network fee. GLYF starts with a fixed supply of 1,000,000,000 tokens, its own pool, and a price nobody can set by hand.
- 02 / 05
Anyone buys any amount
A buyer sends QTC to GLYF's pool. The 1 % fee comes out first, the rest buys tokens at the curve price, and every buy moves the price up a little. The tokens are in the buyer's wallet in the block the buy lands in.
- 03 / 05
Holders sell back whenever they want
A seller hands tokens back to the curve. The rules work out the QTC they are owed, minus the 1 % fee and a 0.001 QTC settlement charge, and the pool pays it a few blocks later. The price walks back down the same curve.
- 04 / 05
The curve fills at 210 QTC
When 793,000,000 tokens are sold, the curve holds exactly 210 QTC and buying pauses. Selling stays open, and a sale reopens the curve to buyers.
- 05 / 05
GLYF graduates to NEAR
The 210 QTC and the 207,000,000 tokens kept aside seed a liquidity pool on NEAR that opens at the curve's last price, so there is no jump. Through NEAR Intents, buyers on every chain can trade it.
What you decide when you create a token
You choose two things:
- A unique symbol. 1 to 12 uppercase letters or digits. The first valid claim wins within that network. Full asset IDs and the network still identify a token when you sign.
- A first buy, if you want one. Up to 2 % of the supply, in the same transaction, so nobody can buy ahead of you.
Everything else is the same for every token and fixed for good: 1,000,000,000 tokens with 6 decimals, 793,000,000 of them sold by the curve and 207,000,000 kept for the NEAR pool. Nobody can mint outside the curve, the creator included.
Creating a token costs 0.03 QTC, plus the network fee. Every symbol costs the same, from one
letter to twelve. Some tickers can never be created, so nobody can pass a token off as them:
BTC, ETH, QLYPHS, QTC, USDC and USDT, and the tickers of tokens that
moved to the curve stay with their new token. Check symbol availability before
signing. A competing claim can still win first; if your native fee payment succeeds but QLYP
rejects your claim, that fee is not refunded.
Buy and sell on the curve
Buying sends QTC to the token's own pool and gives you tokens at the curve price, in the block your buy lands in. Selling hands tokens back to the curve, and the pool pays you their curve value a few blocks later. Each trade pays a 1 % fee, split between the creator and Qlyphs. Bonding curve explains the curve, the pool and the arithmetic.
Transfer tokens
Token transfers carry no Qlyphs fee. You pay the Quantus network fee.
Fee payment and acceptance
Creation, buys and sells put the QLYP message and its payment in one atomic native batch. If the payment fails, the batch is rolled back. If the native batch succeeds but breaks a QLYP rule, QLYP rejects the operation without changing token balances: a rejected buy is refunded from the pool, a rejected sell leaves your tokens with you, and the creation fee of a rejected creation is not refunded. Native success and QLYP acceptance are separate checks.
| Action | Qlyphs fee, before network fees |
|---|---|
| Create a token | 0.03 QTC |
| Buy on the curve | 1 % of the QTC you spend |
| Sell to the curve | 1 % of the payout, plus 0.001 QTC to settle it |
| Transfer | None |
| Create a Quark | 0.03 QTC |
| Buy a bilateral offer | 1% of the price, rounded up, paid by the buyer |
Curve tokens trade on their curve, not through bilateral offers.
Before the curve
Until block 312,600 on mainnet, tokens were created with their own rules (decimals, maximum supply, open or creator-only minting) or sold in 1,000 lots on the first curve, and fees were priced in dollars through an on-chain rate. Those rules still replay exactly for the history before that block. From block 312,600 creation fees are fixed in QTC, and every lot token except YUVI moves to the curve: see Moving to the curve.