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The Bonding Curve

A bonding curve is a pricing mechanism where token price is determined by a formula tied to supply. As tokens are bought, price rises; as tokens are sold, it falls. There's no order book, no market maker - just a deterministic curve that adjusts price based on participation.

Spawn uses a modified bonding curve: 60% of supply through the curve, 40% reserved for liquidity at graduation. The standard is 80/20.

A Different Supply Structure​

The 80/20 standard treats graduation liquidity as an afterthought - a slice carved off the supply to bootstrap an on-chain market once the curve closes. Spawn's 60/40 design treats liquidity as foundational. Twice the backing of the standard model means tokens don't arrive on-chain thin; they arrive with a liquidity position built into the curve design from the start, not assembled after the fact.

Standard launchpads
Spawn
Supply sold through the curve
80%
60%
Supply reserved for liquidity
20%
40%
Result at graduation
Thinner starting liquidity
Stronger starting liquidity

Curve Parameters​

Total supply
Configurable (10M - 1 quadrillion)
Launch FDV
$6,250
Graduation threshold
15,000 USDC net
Graduation FDV
$100,000
info

Spawners set total supply at creation. The economic milestones - launch FDV, graduation threshold, and graduation FDV - are standardized across every Spawn launch by design.

What It Means at Graduation​

When a token reaches the $100,000 graduation FDV, the 40% liquidity reserve deploys on-chain alongside the USDC collected on the curve. The result: an on-chain market that opens with real depth, lower volatility, and a stronger foundation from day one - not something the community has to assemble later.

Stronger token-to-liquidity ratio. Twice the liquidity backing of the standard model means the on-chain market opens with more real depth behind it.

Healthier launch conditions. More liquidity at launch helps reduce volatility and makes the token more tradeable from day one.

Stronger market foundation. Deep liquidity is a structural property of the token from the moment it goes on-chain, not something the community has to assemble later.

See Graduation to Chain →