Bonding curve and graduation

Every token trades on its own bonding curve until 793.1 million tokens are sold, then moves to Cetus with its liquidity locked forever.

Launch

1B tokens, fixed. No team allocation. Optional first buy.

Bonding curve

793.1M tokens for sale. Each buy lifts the price. 1% fee per trade.

Curve full

Last tokens sold. Moves on its own, within seconds.

On Cetus

SUI reserve + 206.9M tokens form the pool. LP burned: locked. Pool fees to creator.

The curve

Each buy raises the price along a constant-product curve and each sell lowers it, so early buyers pay less. The curve always has SUI to buy back tokens.

Progress

The drop icon next to each token fills up as its curve fills; the token page shows the exact percentage.

Graduation

When the last curve token is sold, trading pauses for a few seconds while the curve's SUI reserve and the remaining 206.9 million tokens create a Cetus pool. This happens automatically.

Locked liquidity

The pool's liquidity position is burned: no one, not the creator and not sui.fun, can ever withdraw it. The pool's trading fees go to the token's creator.