Question 1

What is Tolly?

Accepted Answer

Tolly is a token-launch platform and decentralized exchange (DEX) deployed on Arc mainnet. Its core design is that once a creator creates a token with one on-chain transaction, the token can trade from the first block; the platform places issuance, initial liquidity, and trading in the same process rather than using a two-stage model of first following a bonding curve and then migrating liquidity.

Question 2

How does a token created on Tolly begin trading?

Accepted Answer

On Tolly, a creator initiates one on-chain transaction and pays the Arc network gas fee, after which the token can begin trading. The official page states that the entire supply of the created token enters a permanently locked USDC liquidity arrangement, so trading begins from the first block without requiring a bonding curve to reach a threshold before liquidity is migrated elsewhere. Here, “permanently locked” describes the liquidity status used for that trading arrangement; it does not guarantee token price, trading depth, or any return. Actual execution still depends on the assets in the pool and market trading.

Question 3

How does Tolly's launch method differ from bonding-curve migration?

Accepted Answer

Tolly does not use a bonding curve: a token does not first price along a curve that changes with buy volume, and there is no step to migrate liquidity after completing the curve. Instead, the token begins trading at creation alongside permanently locked USDC liquidity. This difference changes the launch path; it does not eliminate trading risk. With no migration step, users do not need to wait for migration to trade within this process; however, trading prices and slippage still change with pool balances and trade size.

Question 4

Why are fees handled differently for buys and sells on Tolly?

Accepted Answer

Every Tolly trade has a 1% pool fee, but the asset in which the fee is settled depends on trade direction: on buys, USDC enters the pool, so the fee is in USDC; on sells, the project token enters the pool, so the fee is in that project token. The official page attributes this difference to Uniswap charging fees in the token entering the trade. Therefore, the use of fees for buys and sells cannot be treated as the same allocation table: buy fees are allocated in USDC, while sell fees are collected in project tokens and handled by removing them from circulation.

Question 5

How is the 1% pool fee from buy trades allocated?

Accepted Answer

On buys, the 1% pool fee is collected in USDC; all percentages below are allocation percentages of that pool fee, not percentages of the total purchase amount: 64% goes to the creator, 12% to holder rewards, 10% to the protocol, 9% to buying TOLLY and removing it from circulation, and 5% to removing the project token from circulation. For example, if a buy produces a 1-unit USDC pool fee, under the page's stated rules, 0.09 units of USDC are allocated to buying and removing TOLLY from circulation. This mechanism describes fee flows; it does not by itself establish eligibility for holder rewards, their distribution time, or a price outcome for any particular token.

Question 6

How are fees handled when tokens are sold?

Accepted Answer

On sells, the 1% pool fee is collected in the project token being sold, and all of that portion of project tokens is removed from circulation. It is not first allocated in USDC among the creator, holder rewards, the protocol, and TOLLY purchases as buy fees are. This means the sell fee directly affects the project's circulating token balance; it does not mean sellers incur no fee, nor does it mean the project's total token supply necessarily decreases, unless the relevant token mechanism separately provides for how “removed from circulation” is handled.

Question 7

What role does TOLLY play in the platform's fee mechanism?

Accepted Answer

TOLLY's connection to platform buy trades is that 9% of the 1% USDC pool fee generated by each buy is used to buy TOLLY and remove it from circulation. In other words, this action is triggered by buy trades occurring on the platform and their fees, rather than being performed on a fixed schedule in advance. “Removed from circulation” means tokens handled this way no longer participate in market trading as a circulating balance. This rule describes the use of fees and cannot be used to infer future trading volume, buy size, or TOLLY price.

Question 8

What role does USDC play in Tolly trading and liquidity?

Accepted Answer

USDC is the incoming asset and fee-denomination asset on Tolly's buy path: when users buy, the 1% pool fee is formed in USDC and then allocated by the prescribed proportions. The permanently locked initial liquidity arrangement also uses USDC as the paired asset. This does not mean all trading fees are paid in USDC. On reverse-direction sells, the project token enters the pool, and the fee is therefore collected in the project token.

Question 9

Which network does Tolly run on, and what different types of fees do users bear?

Accepted Answer

Tolly operates on Arc mainnet. Creating tokens, submitting buy and sell trades, and carrying out fee-related on-chain operations all occur in this network environment, so users need to pay that network's gas fee for creation transactions. A gas fee is the fee required for the network to process a transaction, and differs from the platform's 1% pool fee per trade: the former is paid to the network to execute the transaction, while the latter is the platform-described trading pool fee mechanism.

Question 10

What role does the DEX play in Tolly's token-creation process?

Accepted Answer

A DEX is a venue where asset swaps are completed through on-chain liquidity and trading contracts. In Tolly's process, it is not a subsequent stage wholly separate from issuance: a new token can enter trading immediately after creation, and the buy or sell direction determines the asset entering the pool, which in turn determines the settlement asset and handling path for the 1% pool fee.

Question 11

When are project tokens removed from circulation in Tolly's fee mechanism?

Accepted Answer

Project tokens are removed from circulation through two disclosed fee paths: 5% of the buy fee is used to remove project tokens from circulation; and the entire project-token pool fee collected on sells is also removed from circulation. Both handle project tokens, but the former comes from the USDC pool fee on buys, whereas the latter comes directly from project tokens entering the pool on sells.

Question 12

How are Tolly's issuance, trading, and fee mechanisms connected?

Accepted Answer

Tolly's disclosed process connects “trading immediately after creation” with “fees handled by buy or sell direction”: the creation transaction establishes a tradable state; afterward, each buy forms and allocates a pool fee in USDC, while each sell forms a pool fee in project tokens and removes them from circulation. These rules explain how the platform operates and do not constitute an assessment of the quality, liquidity, or returns of any newly issued token.

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