> 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/how-to-choose-launch-mode.md).

# How to choose a launch mode

### Side-by-side comparison

| Parameter               | Bonding Curve Launch                                     | Presale Launch                                      |
| ----------------------- | -------------------------------------------------------- | --------------------------------------------------- |
| Target                  | 45 SOL                                                   | 45 SOL                                              |
| Max Buy                 | Configurable, step 0.1%, max 2% per wallet               | 2 SOL per wallet                                    |
| Coin Creation Fee       | 0 SOL                                                    | 0 SOL                                               |
| Swap Fee — Buy          | 1% platform fee                                          | 0%                                                  |
| Swap Fee — Sell         | 1% platform fee + 15% sell tax → buyback and burn        | Sells disabled before migration                     |
| Token Lock              | No lock during curve (permanent LP lock after migration) | Full lock until pool creation                       |
| Entry Price             | Dynamic (bonding curve)                                  | Same for everyone                                   |
| Duration                | Until the migration target is reached                    | Up to 24 hours, 30-minute step                      |
| If the target isn't met | —                                                        | Refund to all holders                               |
| Direct-access-only      | Yes                                                      | n/a                                                 |
| Migration: Liquidity    | 80% → Meteora DAMM                                       | 80% → Meteora DAMM                                  |
| Migration: Platform Fee | 5% (migration fee)                                       | 5% (migration fee)                                  |
| Migration: Buyback      | 15% buyback and burn — 5 tranches × 20% every 5 min      | 15% buyback and burn — 5 tranches × 20% every 5 min |
| Best fit                | Live dynamics with controlled distribution               | Symmetric entry, equal terms for all                |

### Choice logic

Run through these questions:

1. **Do you already have a community?** Yes → Presale. No → Bonding Curve
2. **Is instant trading important?** Yes → Bonding Curve
3. **Worried about a sniper wave in the first seconds?** Yes → Presale
4. **Want a fair price for all early supporters?** Yes → Presale
5. **Launching tied to a peak-attention event?** Yes → Bonding Curve

***


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