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The create form mints a fresh LaunchToken for you. The entire supply is minted once, at deployment — there is no mint function and no minter role granted to anyone. The cap you set is the cap that will ever exist.

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What you set

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How the supply splits

Your totalSupply is divided three ways at launch:

Sale

The tokens buyers can purchase, deposited into the sale contract.

Liquidity

The token side of the locked LP (lpTokensAmount), deposited alongside.

Team / treasury

The remainder — totalSupply − sale − LP. Whatever’s left after the sale and LP allocations.
Unsold sale tokens are burned, not returned. So size totalSupply to what you actually want circulating — over-allocating to the sale just burns the excess at settlement.