What actually happens when I press launch?
Six things, in one transaction: the token is deployed with its whole supply, a locker contract is created for you, a Uniswap V3 pool is opened at your price, the supply goes in as one-sided liquidity, the position NFT is minted straight to the locker, and ownership of the token is renounced. If any step fails, the whole transaction reverts and none of it happened.