> ## Documentation Index > Fetch the complete documentation index at: https://docs.ctrl.finance/llms.txt > Use this file to discover all available pages before exploring further. # Overview > Launch a token, open its Uniswap V4 market, and understand Ctrl fees, trading, referrals, and graduation in one place. Art2
Each launch deploys a fixed-supply token, initializes a native-ETH pool with protocol defined parameters, and creates a one-sided concentrated liquidity position. Pricing comes directly from the Uniswap v4’s pool mechanics, Ctrl adds no separate bonding curve. The position NFT is minted directly to the `CtrlPositionLocker`, which cannot transfer, withdraw, decrease, burn, or recover the liquidity, the contract being immutable. As trades supply ETH to the pool, the Ctrl hook handles fee accounting and tracks progress toward graduation. Graduation is an accounting milestone, it does not migrate liquidity, create another pool, or unlock the position. Trading continues in the same permanently locked v4 market. The Ctrl Launchpad introduce a **native on-chain referral system**, **graduation bounties** and much more. You can learn more [here](/rewards) Chat GPT Image Aug 5, 2026, 07 14 56 PM (1) Upscayl 2x Ultramix Balanced 2