> For the complete documentation index, see [llms.txt](https://bread-5.gitbook.io/bread/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://bread-5.gitbook.io/bread/getting-started/glossary.md). # Glossary * **Bonding curve** — pricing curve. The token's price grows with every buy along a predictable logic * **Buyback and burn** — automatic token buyback funded by sell tax, followed by burning the bought amount. On bread.hot all SOL collected from sell tax goes into buying back and burning the same token — supply gradually shrinks * **Coin Creation Fee** — cost to deploy a token. On bread.hot — 0 SOL * **Creator** — the token's creator * **DAMM** — Dynamic Automated Market Maker by Meteora, where token liquidity migrates * **Direct-access-only** — the rule that pre-migration buys only go through bread.hot UI or the official SDK, not through third-party software * **Dynamic Max Buy** — distribution control feature. Configurable by the developer in steps of 0.1%, up to 2% of supply per wallet * **Extraction** — extracting value from a token at the holders' expense. Typically via sniper / bundle mechanics in the first seconds * **Graduation** — the moment the bonding curve collects 45 SOL and the token migrates to Meteora * **Hold time** — average time a holder keeps a token before selling * **LP lock** — locking the pool's LP tokens. On bread.hot the LP is permanently locked after migration * **Max Buy** — same as Dynamic Max Buy. 2% is the maximum cap * **Migration** — moving liquidity from the bonding curve into a Meteora DAMM pool * **Platform fee** — bread.hot's platform commission * **Presale** — launch mode with a single price and trading opening after 45 SOL is collected * **Risk supply** — the risky early-phase supply that is cheap and exposed to manipulation by bundle and sniper software * **Sell tax** — additional commission on sells. On bread.hot — 15%, goes into buyback and burn of the same token * **Slippage** — difference between expected and actual execution price * **SPL Token** — Solana's token standard * **Swap fee** — commission on buys or sells * **Token Lock** — locking liquidity or sells *** --- # Agent Instructions This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com. ## Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter, and the optional `goal` query parameter: ``` GET https://bread-5.gitbook.io/bread/getting-started/glossary.md?ask=&goal= ``` `ask` is the immediate question: it should be specific, self-contained, and written in natural language. `goal` is optional and describes the broader end goal you are ultimately trying to accomplish on behalf of the user. GitBook uses it to tailor the answer towards what is most useful for that goal. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.