Minara
Minara is a token launchpad built on Arc, an Ethereum Virtual Machine (EVM) blockchain whose native gas coin is USD Coin (USDC), that lets anyone create and trade tokens with USDC-native liquidity. Operating under the domain minara.fun, the platform creates a real Uniswap v4 liquidity pool in the same transaction that mints a new token, so the token is tradable from the first block.[1] The service markets itself with the phrase "Discover, launch, and trade tokens with USDC-native liquidity," and its X account describes it as a way to "Launch & trade tokens with USDC-native liquidity on . No platform token."[2][3]
Overview
Minara is designed so that launching, trading, and settling all happen on-chain through public smart contracts, with the minara.fun website serving only as one front end. The platform's documentation states that its core implementation facts are enforced by public contracts on Arc and can be read, watched, and traded without the minara.fun site.[1] Every token created through the platform has a fixed launch supply of 1,000,000,000 (one billion) units, with no mint function and no team unlock, meaning the entire supply exists from launch and cannot be inflated later.[1]
Because Arc's native asset is USDC, Minara's main pools use USDC as the quote asset, which simplifies analytics since every swap carries a direct dollar amount.[5] Each launch in a given trading pair opens at the same price expressed in that pair's currency; a USDC-quoted pool opens at a fully diluted valuation (FDV) of roughly 4,200 USDC.[1]
How a Launch Works
Anyone can launch a token in a single transaction, and the launchpad contract collects a flat platform fee of 1 USDC (plus gas) as it creates the token. This fee remains 1 USDC whether the pool is quoted in native USDC or in an authorised ERC-20 token.[1] The launch transaction permanently sets the pool's fee terms and the creator address into the pool. The creator may optionally include a purchase of up to 5% of the supply in the same transaction; that purchase is exempt from the snipe tax and is visible on-chain from the first block. Connecting an X account to display a handle on a token page is optional, and the handle is proven by the signer rather than by a typed link.[1]
A defining feature of Minara is that the launch liquidity position is burned at launch. The position is transferred to the dead address 0x000000000000000000000000000000000000dEaD in the same transaction that creates the pool, so there is no withdrawal function and no one can later pull that liquidity. The platform states that this destroyed ownership is what makes the opening price trustworthy, because the full supply is in the pool from block one and cannot be removed.[1] The platform also cautions, however, that locked or burned liquidity is not a guarantee of token quality and will not stop a price from going to nearly zero.[1]
Trading and Fees
Trading uses Uniswap v4 with on-chain slippage protection; prices move along the pool's liquidity curve, and there is no separate bonding-curve contract or migration step. The pool's fee is charged inside the pool on every swap and is part of the pool state, so trades cost the same regardless of the front end or router used.[1] The trading fee rate is set by the creator at launch as either 0.75% or 1.00% of the trade and is then frozen into the pool. When creator rewards are switched on, the total fee is 1.00%, of which 0.25% goes to the creator and 0.75% to minara.fun. When creator rewards are switched off, the total fee is 0.75%, all of which goes to minara.fun, and the creator receives no token allocation.[1]
Fees are taken in the currency the pool is quoted in and accrue inside a fee hook until the creator or the platform claims them. Only the address named as creator at launch can claim the creator share, and that address can be handed to another address through an on-chain CreatorTransferred event.[1] Because Arc charges gas in USDC, gas is paid separately in USDC on every transaction.[1]
Snipe Tax
To limit instant sniping in the moments after a pool opens, Minara applies a decaying tax during a snipe window of three seconds after pool open. The tax applies only to buys — sells are never taxed — and follows the formula Tax(t) = 99% × (e^(−1.33·t) − e^(−3.99)) / (1 − e^(−3.99)). At the moment of opening (0 seconds) the tax is 99.00%; at 1 second it falls to 24.81%; at 2 seconds to 5.19%; and at 3 seconds and later it is 0%.[1] The creator's launch buy is exempt from the snipe tax, and the tax plus the standard fee together are capped at 99% of the trade. The platform warns that the snipe tax raises the cost of instant sniping but does not make early buying safe or prevent price falls once trading opens.[1]
Graduation
A token is said to "graduate" when about 73.86% of its supply has been bought and not sold back, a threshold the platform calls the graduation line.[1] Graduation is purely a milestone: nothing moves, nothing unlocks, and trading continues in the same pool.[1] Progress toward this milestone is calculated on-chain by Minara's contracts, which track how much of the launch supply has been net purchased and remains held rather than resold.[1] Graduation is one-way: once a token crosses the graduation line it is treated as graduated, and later trading that would reduce held supply below the threshold does not undo it.[1]
Network and Contracts
Every launch uses the same pool key shape — the quote asset as currency0, the launched token as currency1, a fee field of 0, a tick spacing of 25, and the fee hook address — with the pool identity (PoolId) derived as the keccak256 hash of the ABI-encoded pool key.[1] The documentation warns that strategies are redeployed over time and that the hook address is stored in the pool key, so applications should read each pool's own launch event rather than hardcode a hook or strategy address.[1] Genuine Minara launches emit a characteristic combination of on-chain events from an approved strategy, the token factory, the PoolManager, and the fee hook — including events such as TokenLaunched, TokenCreated, Initialize, and PoolRegistered that all refer to the same token and pool id — which external tools can use as a consistent pattern to identify and verify launches without relying on the website.[1] The fee hook exposes read functions including launches, quoteFee, creatorOf, creatorAccrued, and getSnipeTaxBps, which together let external tools read a pool's creator, accrued creator fees, and current snipe tax without relying on the website.[1]
Launch-Day Activity on Arc
Minara's early activity on Arc was analysed in a Coinmonks article prepared for the blockchain data provider Bitquery, using Bitquery's API. The study measured a window beginning at the first successful TokenLaunched event at 08:37:48 UTC and ending at 14:40:00 UTC on September 16, 2026.[5] Within its first six hours and two minutes on Arc mainnet, Minara.fun produced 1,417 token launches, of which 1,312 — about 92.6% — had traded by the cutoff. The pace of launches peaked between 09:30 and 10:00 UTC, when 319 launches occurred in 30 minutes, and across the full window the mean launch rate was close to four launches per minute.[5]
After removing exact duplicate rows, Minara pools recorded 168,208 swaps and $22.59 million in gross USDC volume during the window. The author noted that an initial pass filtering on launched token addresses returned $26.72 million, but switching to pool IDs emitted by launch transactions and removing duplicate rows lowered the total to $22.59 million.[5] Volume was highly concentrated: a token named Minara at address 0xa163…61bb accounted for $9.63 million, or 42.6% of measured volume, and the four busiest Minara pools made up 70.9% of all measured volume. The article cautions that these figures describe turnover rather than revenue, liquidity, or money raised, and that anyone can create a token with an arbitrary name, so a label such as "Minara" does not prove a token came from or is backed by the Minara team.[5]
The Coinmonks study sits within the broader picture of Arc's debut. On the chain's opening day, more than 97,000 tokens were deployed across all launchpads, which together generated $336.3 million — about 82% of Arc's reported $410.8 million first-day DEX volume across 7.76 million transactions. Arguspad.io dominated with 83,751 tokens deployed and $202.35 million in volume, equal to 49% of the chain's daily throughput, while other named launchpads included Tollylabs.com at $19.65 million and redardex.pro at $13.11 million; non-launchpad DEX volume totalled $74.6 million.[4]
Developments
In September 2026, the Minara.Fun X account described a series of token buybacks and supply burns. On September 18, the account stated it had bought back 48,000,000 MI and 11,000,000 Circled using platform fee income, framing the action as an effort to "reset and continue building the community" and signalling that more buybacks would follow.[3] In the same period, the account said that 50% of the supply of a related token was burned and publicly asked an account named to burn all remaining supply "as we agreed," describing the aim as fixing an issue and rebuilding trust. In a reply, confirmed that, at Minara.Fun's request, it would burn all the supply it controlled for Circled and that 50% had been burned so far.[3] Around the same dates the account posted repeatedly in support of Arc and its community, using phrases such as "Going full Arc mode" and expressing "Full respect to all Architects."[3]
