Liquidity Bootstrapping Pools (LBPs) are a novel method for launching new tokens on decentralized exchanges (DEXs). By using a bonding curve to determine token prices based on liquidity, LBPs offer a fair and transparent pricing strategy. This not only benefits token issuers in launching their tokens at the right price but also rewards liquidity providers for joining the pool. LBPs enable fair token distribution, incentivize liquidity provision, and promote price discovery in the decentralized finance ecosystem.