> For the complete documentation index, see [llms.txt](https://hypershot.gitbook.io/hyperliquid/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://hypershot.gitbook.io/hyperliquid/introduction-to-hypershot.md).

# Introduction to Hypershot

## **What is Hypershot?**

Hypershot is the HyperLiquid-native token launchpad built on Hyperliquid EVM. 

Designed to merge innovation with accessibility, Hypershot offers projects a streamlined, efficient, and transparent pathway to bring their tokens to market. With a focus on both liquidity bootstrapping and price discovery, Hypershot empowers creators, investors, and communities to thrive within an interconnected DeFi ecosystem.

## **Launchpad's Fundraising Systems**

### **Fixed Price**

* **Simplicity and Predictability:** A straightforward pricing mechanism ensures tokens are sold at the same price for all participants, offering transparency and eliminating uncertainties of dynamic pricing.
* **Easy Price Determination:** Projects can easily set a clear, consistent token price, simplifying the planning and execution of token sales.
* **Minimal User Friction:** The fixed price format is intuitive and user-friendly, lowering barriers for all participants.

### **Target Liquidity Auctions (TLA)**

* **Innovative Liquidity Deployment:** TLAs combine fundraising with progressive liquidity deployment, bootstrapping deep liquidity while maintaining trading activity and price discovery.
* **Dynamic Price Discovery:** Leveraging a bonding curve inspired by Bancor, TLAs adjust prices based on demand, rewarding early participants and ensuring market-driven price appreciation.
* **Dual Pricing Mechanism:** Prices emerge from both the bonding curve and secondary LP trading, creating arbitrage opportunities that enhance market efficiency and liquidity.

## **Products**

### **Partnered Launchpad Sales**

* **Customizable Vesting Options:** Tailor the release of tokens through predefined models such as linear vesting, cliff-based schedules, or hybrid mechanisms.
* **Strategic Raises:** Ideal for exclusive partnerships, this mode enables flexibility in auction durations, raise targets, and liquidity management.
* **Alignment with Long-Term Goals:** Project tokens benefit from an auction purchased on HyperLiquid Spot and the interconnectivity between Spot and HyperEVM.

### **Instant Token Sales**

* **Rapid Execution:** Designed for fast-paced launches, this mode enables tokens to be created and launched with immediate availability.
* **No Vesting Periods:** Tokens are fully accessible to buyers immediately after purchase, simplifying post-launch trading and transfers.
* **Active Trading Support:** Proceeds raised are directly injected into liquidity pools for frictionless trading a the DEX (e.g., HyperSwap).

## **Bridging Ecosystems**

Hypershot is more than a launchpad; it is the bridge connecting Layer 1’s spot market efficiency with the programmability and scalability of HyperEVM.

By combining the liquidity-capturing power of Layer 1 with the flexibility of HyperEVM, Hypershot creates a unified framework that ensures seamless token utility across the entire ecosystem.

## **A Future of Opportunity**

With Hypershot:

* **Creators** to transform ideas into ecosystems seamlessly.
* **Investors** to access innovative projects with transparency and ease.