Terms of Use

Penguin Pad is a user interface for on-chain activity on Robinhood Chain. Quotes in the UI may be shown in USD for readability. Settlement, balances, and final prices are determined on-chain. Penguin Pad is not a broker, exchange, bank, or dealer, and it is not affiliated with Robinhood Markets, Inc. unless a separate written agreement says otherwise.

Anyone with a Robinhood Chain wallet may launch a token, open a presale, buy, sell, or contribute. Penguin Pad does not require KYC, does not run an issuer application queue, and does not geo-fence users at the protocol layer. You are solely responsible for whether your activity is lawful where you live. If your jurisdiction forbids this, do not use Penguin Pad.

• Launchpad tokens are experimental digital assets priced on a public bonding curve. They may be treated as securities, commodities, or something else depending on your laws.
• Presales are community fundraising. Contributing is not a guaranteed allocation of equity, and it is not a bank deposit. You can lose the entire amount.
• Curve trading is a marketplace among wallets. Penguin Pad does not match orders off-chain and does not guarantee fills, uptime, or price.

• Curve launches in this interface use a constant-product market with a phantom quote reserve, via the live CurveFactory on Robinhood Chain.
• Launch fee: 0.00025 ETH, paid from the connected wallet. It does not enter curve reserves.
• Graduation when net quote raised reaches 4.2 ETH. After that, curve buy/sell stop and remaining curve tokens plus reserved supply seed LP.
• Trade fee: 1% on the quote leg of every buy and sell, split 75% creator / 25% platform. There is no extra creator tax. The creator's 75% share is sent automatically to the launch creator's wallet as trades happen — there is no separate claim step.
• Buys in the first ~5 seconds may also pay a decaying anti-snipe tax. Sells never do.
• Fee terms snapshot at create and do not change for that launch.

• Every raise publishes a soft cap and a hard cap. Hard cap must be greater than or equal to soft cap.
• Opening a presale costs 0.1 ETH, paid by the creator wallet. This fee is independent of the raise.
• Caps and pledges are denominated in ETH. Each wallet contributes between the creator-set min and max. Effective max is the smaller of that max and remaining room to the hard cap. Contribute is only open during the start/end window. Withdraw stays open until close, or after a creator cancel. If unset, defaults are 0.01 ETH min and 10 ETH max.
• Creators enter total token supply. Tokens per ETH and listing rate are derived from supply ÷ hard cap (default rate 1,000,000 tokens per ETH at the default hard cap). They can go live now (factory still opens in 20 minutes) or schedule a later start and an end date. Creators may cancel before start, or only with more than 24 hours left; contributors can still withdraw pledged ETH. Remaining room below minContribution can only fill the hard cap as an exact leftover.
• Success: raised is at least the soft cap at close, then a wallet must click finalize() to launch. Hitting the hard cap does not auto-launch, but a wallet can click finalize() as soon as the hard cap is filled. After a successful launch, contributors claim tokens at the published rate. The creator receives an ETH share of remaining proceeds after the 3% platform fee (0–30%); this factory does not expose claimTeam(). Liquidity share of remaining ETH is locked for 6 months at listing.
• Fail: raised is below the soft cap at close. No tokens are issued. After finalize(), 100% of contributions are refundable to the contributing wallet via refund().
• Contributions that would exceed the hard cap are rejected.
• Platform fee: 3% of ETH raised on successful raises only. Failed raises are not charged. Remaining ETH after that fee splits to liquidity and the creator. LP must be between 70% and 100%. Creator take cannot exceed 30% of remaining ETH.

Because launches and presales are permissionless, Penguin Pad does not vet teams, code, or tokenomics beyond what the contracts enforce. A listing is not an endorsement, audit, or offer to sell securities by Penguin Pad. Do your own research. You can lose everything.

You transact from a wallet you control. Penguin Pad never holds your keys and cannot reverse a confirmed Robinhood Chain transaction. Failed transactions, wrong-network sends, and phishing are your risk.

Do not use Penguin Pad to violate law, steal, launder value, exploit minors, attack the protocol, or impersonate Penguin Pad. We may hide a listing from the interface or pause front-end access if we reasonably believe it is required for safety. On-chain positions are still governed by the contracts, not by this website.

The interface is provided “as is.” We do not warrant uninterrupted service, accurate USD quotes, or that any project will succeed. To the fullest extent allowed by law, Penguin Pad and its contributors are not liable for lost funds, lost tokens, lost profits, or indirect damages arising from your use of the protocol. Smart-contract and market risk sit with you.

Frozen economic constants (curve formula, bond threshold, allocations, fees, success/fail refunds) apply to listings created under those constants. We may update these Terms and future listing defaults. Continued use after a change means you accept the new Terms.