Overview
ELECT is an election-gated launchpad. Anyone can propose a token, but only candidates that earn 100 free votes inside a 7-day window are deployed. No contract exists before election. Spam never sees the chain.
The ballot
Every candidate goes on the public ballot for 7 days. The board shows current standings toward the 100-vote gate. One active candidate per account, up to 3 submissions per week.
Submitting a candidate
A submission carries a name, ticker, image, pitch and links. Submitting deploys nothing. Your idea simply joins the ballot, where the market decides whether it deserves a contract.
Voting
Votes are free off-chain signatures, so voting never costs gas. Each voter needs a wallet with established on-chain activity. Addresses without a transaction history cannot vote, which makes farming identities cost real gas. Vote weight from $ELECT holdings switches on later, and a micro-fee per vote sits in reserve as an emergency lever against farming.
Launch
On vote 100 the count locks, a launch job queues, and a worker builds a merkle root of the voter set, deploys through the ELECT bonding-curve factory, and records the launch in the on-chain registry. Every voter is notified. Candidates that miss the gate are never deployed.
Fees and the vault
Launch, trade and submission fees pool as ETH in a single vault. Anyone can trigger a buyback: the vault swaps, then burns the bought $ELECT to the dead address in the same transaction. The vault never holds $ELECT between blocks.
$ELECT
$ELECT is the sink for every fee the protocol collects. Each buyback market-buys $ELECT and burns it, so protocol activity permanently shrinks the supply.
Registry
Every elected launch is recorded in the on-chain registry with its voter set root and deployment provenance, so anyone can re-verify that a token earned its chain.
Risk notice
Votes are free signatures, not investments. Tokens can be volatile or lose all value. Elect does not custody assets or give financial advice.