Curve parameters
The bonding curve is defined by two values the creator sets at creation. Neither is a platform constant: the form arrives on the protocol's suggested values, and leaving them untouched is a valid answer rather than the only one.
| Value | What it does |
|---|---|
| Starting market cap | What the coin is worth before anyone has bought. A lower value means a cheaper first buy and a longer climb to graduation. |
| Raise target | The ETH the curve collects before it fills and the coin graduates. |
From those two the form derives the final valuation, the coin's worth at the moment it graduates, and redraws the curve as the values move. Total supply is set by the protocol and is the same for every coin.
The suggested curve
What the form arrives on, and what most coins run:
- Launch mcap
- ~$3.8K
- Graduation mcap
- ~$43K
- Raise
- 4.5 ETH
- Climb
- 11.1×
The full shape, with milestones, is on The bonding curve. A coin launched on other numbers has its own, published before its first trade.
Protocol bounds
Two limits apply to any curve:
- a minimum raise, so a curve cannot be reduced to a formality;
- a window on how much of the supply may be sold through the curve.
A launch outside those bounds does not deploy. The form shows the accepted range for each value and rejects the transaction before it is sent.
What the choice affects
A low starting valuation and a high raise target produce a long climb: more buyers over more time before graduation, and more curve fees along the way, at the cost of a slower path to a real market. The opposite produces a short curve that graduates quickly on less volume.
Both are visible to anyone reading the coin before they buy, and neither can be changed afterwards.