> For the complete documentation index, see [llms.txt](https://peeps-2.gitbook.io/peeps-docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://peeps-2.gitbook.io/peeps-docs/peeps-whitepaper/launchpad/overview.md).

# overview

The PEEPS Launchpad is designed as a no-code, smart-contract-based platform for launching and trading meme tokens.

## What the platform does

* creates a new token from creator-supplied metadata;
* registers the token in the PEEPS launch directory;
* opens transparent on-chain trading;
* displays price, progress, volume and community information;
* tracks the route toward graduation;
* creates or connects post-graduation liquidity; and
* routes disclosed fees to creators, platform operations and the $PEEPS ecosystem.

## What the platform does not do

PEEPS does not:

* guarantee that a token is safe, legitimate or valuable;
* promise liquidity, listings, price appreciation or returns;
* endorse every user-created token;
* control the actions of independent token creators; or
* recover funds lost through market movements, malicious contracts, compromised wallets or user error.


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