How it works

1. Launch

Pick a chain and a pair, add a name, ticker and image, and sign one transaction. Every coin has a fixed supply of 1 billion tokens, no owner and no mint authority. You can make the first buy in the same transaction, so nobody can buy before you.

2. The bonding curve

Trading starts on a bonding curve: the price rises as people buy and falls as they sell, set entirely by a formula, so there is always a price and nobody needs to provide liquidity. About 80% of the supply is sold on the curve.

3. Graduation

When the curve sells out (a raise of about 85 SOL worth, roughly $10K, in whatever the coin is paired with), the raise and the remaining supply move into a public pool: Uniswap V2 on Robinhood Chain or Raydium on Solana. The pool’s LP tokens are burned, so that liquidity can never be withdrawn. The coin then trades like any other token.

Fees

• 1% of every curve trade: 70% to the platform, 30% to the coin’s creator.
• On Solana, Raydium charges an additional 0.25% protocol fee on curve trades.
• After graduation, the pool’s own swap fee applies (0.3% on Uniswap V2, 0.25% on Raydium).
• Launching costs only the network fee.

What “paired with a stock” means

A coin paired with NVDA trades against NVDA stock tokens: buyers pay in NVDA and sellers receive NVDA. It gives the coin no claim on NVIDIA and does not track NVIDIA’s price. Stock tokens are issued by third parties (Robinhood on Robinhood Chain; Backed, Backpack and others on Solana) who keep powers such as pausing transfers. Each pair shows its issuer’s powers before you trade. Read the risks.