> For the complete documentation index, see [llms.txt](https://docs.gage.cash/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.gage.cash/tokens/gage.md).

# GAGE

GAGE is the launch token. It is sold on Pons, a launchpad on Robinhood Chain, against ETH. The protocol never mints it, never holds it in the vault, and never controls its supply.

|                    |                                                                                            |
| ------------------ | ------------------------------------------------------------------------------------------ |
| Supply             | Set by the Pons launch                                                                     |
| How it is obtained | The Pons launch pool, then secondary markets                                               |
| What it does       | Pair asset of the GAGE/sGAGE pool. Its launch pool pays creator fees to the floor splitter |
| Exit               | Sell                                                                                       |

## Its jobs

1. **Pair asset.** sGAGE is priced in GAGE and paired with GAGE. Every liquidity position holds both.
2. **Creator fees.** The launch pool's hook pays a creator share of its swap fee to the splitter, which sends half to operations and half to the [sGAGE floor](/pool/the-floor.md).
3. **Deal-fee floor funding.** The full 1% deal fee buys GAGE and adds it to the same GAGE/sGAGE floor.

## The seed

At launch, the treasury buys GAGE on the launch pool and pairs it with 1.0B sGAGE, full range, in the GAGE/sGAGE pool. The opening price of sGAGE in GAGE is that GAGE divided by 1.0B. The seed position sits in a 365-day timelock and earns swap fees only.

## As collateral

GAGE is excluded from the meme lane for the first three months after launch. After that it is admitted under exactly the meme rules, like any other token.

## The team

There is no team allocation of sGAGE and no treasury allocation. The team is paid from its half of creator fees.


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