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Lifecycle States

Every token on Spawn moves through a defined sequence of states. These labels are canonical - use them exactly as written in headings, diagrams, and internal links.

The Four States​

1. Spawning​

The initiation moment. A spawner has defined the token's parameters, and it's about to enter the market. This state is transient - it resolves into the Bonding Curve Phase immediately.

2. Bonding Curve Phase​

The active off-chain market phase. The token is tradeable via Spawn's bonding curve engine. Price discovery is live. No ERC20 has been deployed on-chain. This phase continues until the token either reaches the graduation threshold or is abandoned.

3. Graduation Milestone​

The transition event. The token has hit the graduation threshold. The ERC20 deploys, on-chain liquidity is seeded, and the market transitions to on-chain mechanics. This state marks the boundary between the off-chain and on-chain phases.

4. After Graduation​

The post-graduation on-chain phase. The token exists as a deployed ERC20 on the destination chain. Trading continues on-chain. Hook fees accrue to the FeeVault. Holder rewards become available.

Documentation Guidance​

  • Do not invent alternate names for any of these states in new documentation
  • Use the state names as written, including capitalization, in headings and body text
  • In diagrams, represent the states in sequence with the Graduation Milestone as an explicit transition marker, not a phase