Overview
There are two phases:| Status | Where trading happens |
|---|---|
| Raising | Bonding curve |
| Live | DEX liquidity pair |
Bonding Curve Phase
During raising:- buyers purchase app tokens with ELTA
- price follows constant-product reserves
- trade fee is charged based on configured fee bps (default
1%) - early access gate may apply (
100 XPfor first6hby default)
Graduation
When curve target is reached (default42,000 ELTA) or force-graduated at deadline:
- liquidity is added to Uniswap V2 pair
- LP is locked
- trading shifts to DEX
Transfer Tax Notes
App token transfer tax is LP-keyed:- applies on transfers involving allowlisted LP addresses
- does not apply to normal wallet-to-wallet transfers (unless policy changes)
- default tax is
1%, max2%
Fee Routing Notes
Fees are routed through protocol pipeline contracts:- launch fee -> treasury
- app-revenue fee kinds -> contributors + treasury (default
80/20)