How It Works

tip

Every Frontier token follows the same journey: it launches on a bonding curve, trades there until enough ETH has been raised, then graduates into a real Uniswap V4 pool with its liquidity locked forever.

Launch mcap

~$3.8K

Graduation mcap

~$43K

Raise

4.5 ETH

Climb

11.1×

Lifecycle

1. 01Createdone transaction, tradable immediately
2. 02Bonding curvebuy & sell, the price climbs
3. 03Graduation~4.5 ETH raised
4. 04Live on Uniswapliquidity locked forever

The bonding curve

A bonding curve is a simple idea: the price is set by a formula, not by order books. Every buy pushes the price up a little; every sell pushes it down. There's no market maker, no waiting for liquidity - you can always trade, at a price everyone can see coming.

Every Frontier token launches with the same shape:

• Total supply: 1 billion tokens.
• 700 million are sold through the curve.
• 300 million are held back to become the token's Uniswap liquidity at graduation.

The token starts at a market cap of about $4K and graduates at about $43K, once roughly 4.5 ETH has been raised. From the first buy to the last, the price climbs about 11×.

(Dollar figures here and below assume ETH ≈ $2,000 - they scale with the ETH price.)

Market cap as the curve fillsFrom ~$3.8K at launch to ~$43K at graduation — a climb of 11.1×, identical for every token. Dollar figures at ETH ≈ $2,000.

Milestones along the way

Stage	Tokens sold	Market cap	ETH raised	Price vs launch
Launch	0	~$3.8K	0	1×
25%	175M	~$5.6K	0.4	1.5×
50%	350M	~$9.1K	1.0	2.4×
75%	525M	~$17K	2.1	4.4×
90%	630M	~$28K	3.3	7.3×
Graduation	700M	~$43K	4.5	11.1×

The three phases of a token

1. On the curve

The token trades only through the bonding curve. It can't be sent wallet-to-wallet yet - that's deliberate, so nobody can sneak supply around or manipulate the price before real liquidity exists.

Every trade pays a 1.5% fee, and 75% of it goes to the token's creator - income from the very first buy, long before graduation. The rest goes to the protocol; if you were referred to Frontier, your referrer's slice comes out of that share, never out of your pocket. See Fees & Revenue and Referrals.

2. Graduation

The buy that sells out the curve triggers graduation instantly, in the same transaction:

1. The creator receives their 5% graduation fee from the ETH raised.
2. The rest of the ETH, plus the reserved 300 million tokens, becomes the token's Uniswap V4 liquidity.
3. That liquidity is locked forever - it can never be pulled.
4. All transfer restrictions lift. The token is now a normal token you can send anywhere.

There's no waiting period, no manual step, no rug window. Sold out means live on Uniswap, in the same block.

3. Live on Uniswap

Trading moves to the token's Uniswap V4 pool. Swap fees are dynamic - around 0.30% when the market is calm, rising briefly to as much as 1.20% during violent price swings, then settling back down. Those fees are shared between the pool's liquidity, the creator, the protocol, and - if the token has one - its Staking Vault. See Dynamic Fees.

Why the price never starts at zero

The curve is seeded with a small virtual reserve - bookkeeping ETH that exists only to give the very first buy a sensible price. It can never be withdrawn by anyone. It's what makes the launch price ~$4K instead of ~$0, keeps the first trades smooth, and fixes the graduation point at ~4.5 ETH raised.

Because the whole curve is set by a formula, everything on this page is known before the first buy: the launch price, every milestone, and exactly where graduation lands. Every token, same rules, no surprises.

Ready to try it? Getting Started walks you from an empty wallet to your first trade.