> For the complete documentation index, see [llms.txt](https://elements-organization-2.gitbook.io/ift/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://elements-organization-2.gitbook.io/ift/launch-an-ift.md).

# Launch an IFT

Launching an IFT is a straightforward, permissionless process that allows users to create a unique ERC20 token tied to a specific word (e.g., longevity.ift.eth). The protocol ensures fairness, accessibility, and market-driven price discovery through smart contract automation.

## Permissionless Creation

* Open to All: Anyone can launch an IFT for a word that has not been previously tokenized within the ift.eth namespace.
* No Gatekeepers: The process requires no approval or intermediaries, aligning with the decentralized ethos of the protocol.

## Fair Launch

* Token creators must acquire IFTs through the same mechanism as other participants, ensuring no preferential treatment.
* This design promotes accountability, as all holders, including the creator, have a vested interest in the token’s success.

## Price Discovery Mechanism

* Bonding Curve: Upon launch, the IFT enters a bonding curve for initial price discovery. A bonding curve is a mathematical formula that dynamically adjusts the token price based on supply and demand, providing a fair and transparent mechanism for early trading.
* Transition to Uniswap v2: Once the market reaches a predefined threshold, any user can initiate a migration of the IFT from the bonding curve to a Uniswap v2 liquidity pool. Uniswap v2 is a decentralized exchange protocol that enables automated token swapping and liquidity provision, ensuring broader market access and stability.


---

# Agent Instructions
This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com.

## Querying This Documentation
If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question.

Perform an HTTP GET request on the current page URL with the `ask` query parameter, and the optional `goal` query parameter:

```
GET https://elements-organization-2.gitbook.io/ift/launch-an-ift.md?ask=<question>&goal=<endgoal>
```

`ask` is the immediate question: it should be specific, self-contained, and written in natural language.
`goal` is optional and describes the broader end goal you are ultimately trying to accomplish on behalf of the user. GitBook uses it to tailor the answer towards what is most useful for that goal.

The response will contain a direct answer to the question and relevant excerpts and sources from the documentation.

Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.