If you’re launching a token, one of the most important (and most misunderstood) pieces is the liquidity pool. Without liquidity, nobody can trade your token. With poor liquidity, your community risks wild price swings or even rug pulls. This guide explains liquidity pools in simple terms and shows why they matter for every token launch.What Is a Liquidity Pool?A liquidity pool (LP) is a pot of tokens locked in a smart contract so people can trade. Instead of relying on traditional order books...