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The EVM rail is a fair launch: a fixed-price sale that graduates straight into locked liquidity on HyperSwap. No bonding-curve games, no private allocations you can’t see, no way for the team to walk off with the pool.
HyperPad EVM rail — the live AMM launchpad

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The flow

Sale

Buyers commit HYPE at a fixed price. You can run a single price or stack ordered phases (early birds cheaper), each with its own cap.

Settle

At close, the contract checks the soft cap. Hit it → launch. Miss it → everyone refunds.

Lock liquidity

Raised funds + matching tokens are paired into a HyperSwap LP that’s locked. The team can’t pull it — only the trading fees are claimable.

Trade

Claims open and the token trades on HyperSwap. Buyers receive tokens instantly, or on a vesting schedule if one was set.

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The guarantees

Unsold always burns

Tokens that don’t sell are burned at settlement — never quietly returned to the team. Supply is honest by construction.

LP is locked

Liquidity can’t be rugged. The pool stays; the project only ever withdraws fees.

Refunds are trustless

Below soft cap, every buyer reclaims 100%. The contract enforces it — no one has to approve it.
Everything runs on HyperEVM (chain 999), Hyperliquid’s EVM layer. Gas is paid in HYPE.