LAUNCHPartialLaunch

Canonical Venue Token

A new token that moves only between wallets and reel's own vaults.

Where it runs

Launch

An option of the launch, not of each swap.

Status on reel

Partial

Partial: the transfer hook can't tell a person's wallet from a wrapper or custodian whose owner is an on-curve key (PROGRAM.md §12). It stops other venues' program vaults, not every custodian.

Set by

You, at launch

Launch (its own settlement contract) · Live

What it does

A new fixed-supply token meant to trade on one known venue. Wallet-to-wallet transfers work as usual; moving the token into another venue's vault is refused, so its liquidity stays in its reel pools.

How it works on reel

A mint flag set at launch. reel-hook, the token's Token-2022 transfer hook, requires the sender and receiver of every transfer to be on-curve wallets or reel's VAULT_AUTH (CanonicalOnly). Every reel vault is owned by VAULT_AUTH, so the token trades on any of its reel pools.

Settings

No settings of its own.

Fees and who's paid

Paid to

Nothing extra; the pools' blocks charge as usual.

Protocol share

reel takes no share of it.

Requires and can't be combined with

Requires

No other block.

New tokens only

Can't be combined with

Nothing: it sits beside any block.

Worked example

VENUE launches with a SOL pool and a USDC pool. Swaps on either work; sending VENUE to another AMM's vault fails in the transfer hook.

Solana notes

hookr routes every trade through a settlement contract on one pool. reel needs no settlement: the check lives in the token's transfer hook, so each of its reel pools is a permitted venue.

On hookr: Launch (its own settlement contract) · Live