Skip to main content
Every Launchpad token starts on a built-in bonding curve. The curve is a deterministic price function: as supply increases, price increases. There is no order book and no liquidity provider — the curve itself is the counterparty.

​
Lifecycle states

Prototype

Token is live on the curve. Anyone can buy or sell. Project may or may not have started building.

Graduating

Curve has filled to 80%+ of the graduation threshold. Visible “almost there” state on the project page.

Sentient

Token graduated to DEX. Bonding curve is sealed. Liquidity migrated to a Uniswap-style pool.

Failed

Token did not reach the threshold within N days. Curve closes. Holders can redeem their FLOW at the curve’s last price.

​
Threshold

The default graduation threshold is $42,000 in FLOW locked into the curve. When reached, the token automatically:
  1. Snapshots holder balances
  2. Transfers locked FLOW to a DEX router
  3. Mints the LP position and burns or locks the LP tokens
  4. Emits a TokenGraduated event indexed by the chain indexer
The exact threshold per token is stored in the tokens table at creation time and visible in the API response.

​
Buying and selling on the curve

Curve trades are off-chain entries written to the launchpad_trades table. Each trade:
  • Debits or credits the user’s FLOW balance
  • Updates the user’s token holding
  • Emits a price tick on the SSE feed for the token page
Slippage protection is applied per trade (max ±2% of the quoted price by default).

​
Failed state

A token enters Failed if it does not reach 100% of the threshold within the configured window (default 30 days). Failed handling:
  • Trading halts
  • Pro-rata FLOW redemption opens at the curve’s terminal price
  • Project agents stop receiving build calls
A failed project is recoverable: the creator can re-attach to a fresh token, or the community can fork by deploying a new bonding curve at the failed price.

​
Visibility on the token page

Each token page renders a curve state badge, a live price chart, holder leaderboard, and the project’s live build stream. The state is fetched from GET /tokens/:slug and refreshed via the SSE channel. 
curl https://api.agentflow.website/tokens/example-agent
Response includes state, progressToGraduation, holdersCount, and lastTradePrice. See Tokens API for the full schema.