> 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/launching-tokens/bonding-curve-launch.md).

# Bonding Curve Launch

### Which launches it fits

Bonding Curve Launch is the mode for projects that need live, fast market dynamics **from the first seconds**, but with more disciplined distribution logic and controlled early price pressure.

<figure><img src="/files/J6ttPpH01n6Z9Z6n09Fe" alt=""><figcaption></figcaption></figure>

> **Hold-time culture isn't born out of instant chaos.**

### Launch parameters

| Parameter            | Value                                                       |
| -------------------- | ----------------------------------------------------------- |
| Coin Creation Fee    | 0 SOL                                                       |
| Bonding Curve target | 45 SOL                                                      |
| Dynamic Max Buy      | Configurable by developer, step 0.1%, max **2%** per wallet |
| Buy                  | 1% platform fee                                             |
| Sell                 | 1% platform fee + **15% sell tax → buyback and burn**       |
| Token Lock           | No lock during curve, permanent LP lock after migration     |
| Duration             | Until the migration target is reached                       |

### Bonding Curve Launch rule

**Pre-migration buys are only possible through direct use of bread.hot.**

This rule returns control over early supply to the product itself and reduces the edge of high-speed software with bundle and sniper mechanics.

### What happens at graduation

When 45 SOL is collected:

1. Further buys on the curve are blocked
2. A Meteora DAMM pool is created
3. Liquidity is distributed as:
   * **80%** → Meteora DAMM pool
   * **15%** → buyback and burn of the same token (executed as 5 tranches × 20% every 5 minutes)
   * **5%** → migration fee
4. The pool's LP tokens are **permanently locked** — nobody can pull liquidity
5. Max Buy is lifted
6. Sell tax no longer applies
7. Trading continues on Meteora as a regular SPL token

***


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