What is GIWA.MARKETS? The launchpad of GIWA, Upbit's Ethereum L2
GIWA.MARKETS (기와마켓) is a pump-style token launchpad built for GIWA, the Ethereum Layer 2 network developed by Dunamu, the operator of Upbit, South Korea's largest cryptocurrency exchange. It lets anyone deploy a token in one click, with a fixed 1 billion supply, no presale, no team allocation, a fair bonding curve, and automatic graduation into a permanently locked liquidity pool. It is live today on the GIWA Sepolia testnet, and every contract is built to redeploy to GIWA mainnet at launch.
The name comes from giwa (기와), the traditional Korean roof tile. The launchpad's whole design language follows it: tokens are tiles, launching is putting a tile on the roof, and the flagship NFT collection is literally called TILES 瓦.
Why GIWA matters
GIWA is an OP Stack Ethereum L2 announced by Dunamu / Upbit. Korea is one of the largest retail crypto markets in the world, and Upbit is its dominant exchange. A native L2 from that ecosystem is a serious event, and GIWA.MARKETS positions itself as the memecoin and fair-launch layer of that chain from day one: the site is fully bilingual (English and Korean), the culture is Korean-native, and the contracts are already running on GIWA Sepolia.
How a launch works
Every token launched on GIWA.MARKETS follows the same lifecycle:
- Deploy: one click, one transaction. Fixed supply of 1,000,000,000 tokens. No presale, no team cut. The creator can optionally dev-buy in the same transaction, on the same curve as everyone else.
- Curve trading: buys and sells execute against a bonding curve with a 1% protocol fee. Tokens are transfer-locked while on the curve, so nobody can rug a side pool.
- Graduation: when 800 million tokens (80% of supply) have been bought, the token graduates. The curve's ETH and remaining tokens are deposited into an AMM pool, the LP is locked permanently, trading continues with a 0.3% pool fee, and transfers unlock.
Five ways to launch
THE STANDARD · bonding curve
The classic. Deploy, trade on the curve, graduate to a locked pool. Onchain comments included.
ZERO · the lottery launch
A launch decided by the blocks. The creator receives zero tokens, not even one. Supply is distributed by an onchain lottery, one winner per block, every second, until the window closes. Then the pool is born and the LP dies. The fairest distribution mechanism on any launchpad.
PROPHECY 점 · believe or doubt
A target-ETH launch. The market decides whether the prophecy fulfills: believers and doubters take sides, and the outcome decides the token's fate.
DUEL · two enter, one graduates
Two tokens launch head to head. The market picks a winner. Only one graduates.
SIJANG 場 · the market board
A Korean market board where positions close at the bell. Yes or no, settled onchain.
The fee engine: value flows, nothing collects dust
On testnet, the fee engine is already live: every trade on every launch mode streams its protocol fee into an onchain splitter that uses 70% to market-buy $GIWA and burn it, with a public BURN NOW lever anyone can pull on the board. On mainnet, the roadmap routes fees four ways: buy-and-burn $GIWA, 7% to $GAEJUKI holders, 5% to TILES 瓦 owners, and deepening protocol-owned liquidity.
The genesis assets
While mainnet finishes cooking, the roof economy already trades in the wild on Robinhood Chain:
- $GIWA - the native token of the launchpad. Live on Robinhood Chain, migrating 1:1 to GIWA mainnet at launch via a merkle snapshot claim.
- $GAEJUKI (개죽이) - token #0. The legendary Korean bamboo-hugging dog meme, launched first on Robinhood Chain and destined to be baked directly into the launchpad factory contract at genesis: name, ticker and onchain SVG art written into contract storage, holders ported 1:1. The first coin on the board is part of the board. GAEJUKI holders earn 7% of all protocol fees.
- $KPEPE - the newspaper frog, born from a 2022 Korean newspaper page.
- TILES 瓦 - 8,888 fully onchain NFTs at 0.001 ETH each, and the collection is fully minted out: all 8,888 tiles are gone, tradeable only on the secondary market now. Every mint's ETH was swapped into $GIWA and burned in the same transaction, so the sellout forced ~8.888 ETH of buy-and-burn. Eight glazes, eight seals, ~2.5M combinations, 11 legendary ROOF KING tiles. Tile owners earn 5% of all protocol fees in ETH.
The migration: snapshot claim + liquidity lift
Every genesis asset crosses to GIWA mainnet trustlessly through two rails. Rail one, the snapshot claim: every holder balance is hashed into a merkle root baked immutably into the mainnet claim contract. Connect, prove, receive 1:1. No owner, no admin keys, no minting. Rail two, the liquidity lift: at the sealed block the protocol withdraws its own pool liquidity, bridges the ETH, re-seeds the mainnet pool at the exact sealed price in the same atomic sequence the claims open, then burns the LP tokens. No gap to dump into, no empty pool to snipe. Price walks across the bridge intact.
FAQ
- Is GIWA.MARKETS live?
- Yes, on the GIWA Sepolia testnet, with all five launch modes, the fee-burn engine, the swap, the claim, and the full bilingual interface. Mainnet deployment is prepared for the GIWA mainnet window.
- Do I need real money to try it?
- No. GIWA Sepolia is a testnet: bridge free Sepolia ETH via the official GIWA bridge or use a faucet, then launch and trade like it is real.
- Is there a token?
- $GIWA trades on Robinhood Chain today and migrates 1:1 to GIWA mainnet. The CA is published in the notice box on the board at giwa.markets.
- What makes it different from pump.fun?
- Five launch modes instead of one, a creator-gets-zero lottery mode, onchain fee burns with a public lever, a fully onchain NFT ownership layer earning 5% of fees, a genesis meme baked into the factory contract itself, and a Korean-native bilingual culture built for the Upbit ecosystem.