Factory began as a token launched through Bags.

That launch bootstrapped liquidity with a single purpose: to fund open-source development. Not speculation. Not extraction. Development.

That liquidity enabled the creation of Factory Launchpad.

Factory Launchpad generates protocol revenue. A portion of that revenue is used to buy back and burn the same token that made its creation possible.

This is a closed loop. The token funds the product. The product sustains the token. Neither exists to exploit the other.

When incentives align, builders, users, and communities can all win.

Factory is not one thing. It is one coherent system.

• Open-source software
• A token launchpad
• A developer community

These are not separate initiatives. They are expressions of the same principle: that sustainable systems require aligned incentives at every layer.

This is not extractive.

This is not zero-sum.

The goal is durable alignment.