Trading a track
Every trade before bonding goes against the curve, not against another person. After bonding it goes against a DEX pool. Either way your tokens live in your wallet and we never hold them.
Buying and selling
Enter an amount, check the quote, sign. The quote tells you roughly what you'll receive; the exact amount depends on where the price lands as your order fills.
Selling is the same in reverse: tokens in, SOL out, at whatever the curve prices them by then. You can sell any amount at any time before the track bonds — there is no lock-up.
Slippage
Slippage is the maximum you'll let the result drift from the quote before the trade cancels rather than filling.
- Too tight and trades fail on any movement, and you pay network fees for nothing.
- Too loose and you can fill at a materially worse price than you were quoted.
On a thin track — most of them — even a modest order moves the price noticeably. The bigger your order relative to what's already in the curve, the more slippage you need and the worse your average price gets.
A trade that fills at your slippage limit is not a bug. You authorised that price when you set the limit. Read the number before you sign.
Reading a track card
| What it says | What it means |
|---|---|
| Raised | SOL actually paid into the curve. The honest measure of size. |
| Market cap | Price × total supply. A quote, not money that exists. |
| Holders | Distinct wallets holding it. The graduation count filters this further. |
| Listens | Qualified listens only — see Listens. |
| Curve % | How far toward bonding, measured by whichever threshold is furthest behind. |
After bonding
Trading moves to the DEX pool. The curve is closed permanently, liquidity can't be withdrawn by anyone because the LP was burned, and price is set by that pool rather than by a formula. You don't need to migrate anything — your tokens are the same tokens.
Most tracks go to zero, bonded or not. Nothing on a track card is a prediction.