Architecture
xMerch Launch Pad is designed as a token factory first, with markets as supporting infrastructure. This page explains the core architecture and design decisions.
Design philosophy
This Launch Pad helps builders create IOU markets. It is not a trading platform by itself, and all ledger writes require explicit wallet signatures via Xaman.
The Market Maker (MM v1) is deterministic and admin-controlled for bootstrap only. Internals are not exposed.
Core components
Token Factory (PoC)
The primary function for issuing IOU tokens on Xahau. All issuance requires explicit wallet signatures.
Market Maker v1 (PoC)
Deterministic and admin-controlled market maker for bootstrap only. Internals are not exposed publicly.
Xaman-signed settlement
All write operations require explicit signatures from the user's Xaman wallet. Non-custodial by design.
Data flow
User initiates action
User requests a token launch or swap through the UI.
Payload generation
The app generates a transaction payload for the requested action.
Xaman signature
User reviews and signs the payload in their Xaman wallet.
Ledger submission
Signed transaction is submitted to the Xahau ledger.