1. Confirm the venue and market scope
Document proposed pairs, chain, venue and trading start. Ask the venue directly about admission, account permissions, token support and launch procedures. Requirements vary; do not assume a rule from one exchange applies everywhere.
2. Map circulating supply and unlocks
Bring the initial float, allocation schedule, vesting events and known concentration to the liquidity discussion. Stress-test plausible selling against available inventory. A schedule helps preparation; it does not predict how holders will trade.
3. Separate inventory from operating fees
State who supplies base and quote assets, where they are held, who has access, and how they are returned. Budget service fees, integration and execution costs separately. See the market-making cost guide for the budget structure.
4. Define quotes and risk limits
Agree executable size, spread and depth targets where relevant, quoting availability, exposure caps and pause conditions. A launch can move rapidly; write down how the desk responds when references become unreliable or inventory limits bind.
5. Test the integration and settlement
Check token identifiers, permissions, precision, quote validity and settlement reconciliation in the relevant test workflow. Jupiter’s RFQ onboarding documentation calls for acceptance and integration testing. Onboarding is not something to discover during the launch window.
6. Agree the reporting method
Choose which data will demonstrate spread, depth, availability and fills. Set timestamps, exclusions and how missing observations are disclosed. Separate execution results from inventory price changes. Our monthly record shows why these distinctions matter.
7. Assign launch-day responsibilities
Name the contacts for the issuer, venue and trading desk. Agree escalation channels, pause authority, funding responsibilities and the procedure for a delayed listing. Record who communicates changes to the wider project team.
8. Review the first trading period
Schedule a review of fills, quoting availability, inventory movement, execution costs and incidents. Use the evidence to adjust scope rather than chasing a volume target. Document changes to the mandate and any additional economic agreements.
A compact launch brief
Token and chain → venues and pairs → start window → circulating supply and unlocks → inventory ownership → quoting targets and limits → access and testing → contacts and reporting.
If you are still choosing a provider, use the due-diligence checklist before committing to launch support.
Discuss your liquidity requirements.
Send your token, venues and timeline. We’ll assess the scope and explain whether Astrum can help.
Discuss token liquiditySources and scope
This guide presents Astrum’s suggested questions and operating considerations. Venue mechanics are described in the official Jupiter RFQ documentation and Coinbase Exchange matching-engine documentation. These examples do not imply an affiliation or live connectivity to every venue mentioned. For Astrum’s own measured activity, see our monthly record.
Published 16 July 2026. Substantially revised 29 September 2026. Prepared by Astrum Liquidity; meet the founder. This guide is general information, not investment or legal advice.