Spawn Glossary
| Term | Definition |
|---|---|
| Spawn | A first-principles token launchpad built for community-led market formation. |
| Spawner | Any participant on Spawn - whether initiating a token or trading an existing one. |
| Spawning a Token | The act of initiating a new token on Spawn, setting its parameters, and opening it to the bonding curve market. |
| Bonding Curve Phase | The off-chain market phase where a token's price is determined by an algorithmic curve tied to supply. Price discovery and community formation happen here before any on-chain deployment. |
| Graduation | The lifecycle milestone where a token has demonstrated sufficient market demand to transition from the bonding curve phase to on-chain permanence as an ERC20, deployed on the spawner's chosen destination chain. |
| Graduation Threshold | The market cap milestone a token must reach to graduate: a fully diluted valuation (FDV) of 30 ETH. |
| On-Chain Permanence | The post-graduation state where a token exists as a deployed ERC20 with seeded on-chain liquidity. |
| Omnicore Discovery | Spawn's model for token discovery that transcends chain-specific silos - tokens are discoverable across ecosystems, not locked to a single chain's narrative. |
| Chainless Discovery | Interchangeable with Omnicore Discovery. Discovery that is not constrained by single-chain narrative silos. |
| Bundling | A coordinated attack where multiple wallets acquire large early token supply in order to dump into rising community demand. Structurally prevented on Spawn. |
| MEV (Maximal Extractable Value) | Value captured by reordering, front-running, or sandwiching transactions in a block. Not possible on Spawn's off-chain execution engine. |
| Permissionless Participation | Open market access without gatekeeping - no application, approval, or selective criteria for participating on Spawn. |
| FeeVault | The on-chain contract that accumulates post-graduation hook fees and distributes them as rewards. |
| Hook Fees | Fees generated by the on-chain liquidity pool's trading activity after graduation. These flow to the FeeVault for distribution. |
Usage Rule
Use glossary terms exactly as written for consistency across docs. When introducing a glossary term for the first time on a page, link to this glossary or to the relevant concept page.