One transaction on PONS: name, ticker, logo, links. Trading opens immediately on the bonding curve.
Every coin is quoted in SPY. The pair, the treasury address and the 2% are constants in the router contract. You launch the coin; you do not receive trade fees.
Swapped to SPY and bought in the launch transaction, exempt from PONS's 99% snipe tax (everyone else pays it for 3 seconds).