Your token launches on a Pons V2 bonding curve on Robinhood Chain. Your own wallet signs everything; SpacePad never holds your keys or funds.
SPCX is a tokenized stock on Robinhood Chain, so your token trades directly against it.
This token's Pons market is paired against the tokenized SPCX ERC-20 on Robinhood Chain. You buy and sell with tokenized SPCX, and the creator is paid in it. The launch token itself does not represent or confer ownership of SPCX shares or of the issuer. Launch tokens can lose all value. Transactions are irreversible. Not investment advice.