Product

How graduation works, in plain words

What happens when a bonding curve fills, and why it is the moment people watch.

Abstract bonding curve illustration

Every coin starts on a bonding curve. The price rises as people buy and falls as they sell, all against the curve itself.

When the curve fills

Once enough of the curve is sold, the coin graduates. Its liquidity moves to an open market and the curve closes for good.

What stays the same

Holders keep their coins. The creator keeps earning their share. Nothing about the coin itself changes, only where it trades.

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