zecretThe bonding curve
Meteora's Dynamic Bonding Curve sets the price from the first trade to graduation.
Every coin starts on a Meteora bonding curve. Buying pushes the price up the curve; selling brings it back down. There is no order book and no one setting the price: the curve is code.
You choose how much ZEC the curve has to raise before the coin graduates:
| Curve | Raises | Then |
|---|---|---|
| Small | 5 ZEC | graduates to a Meteora pool |
| Standard | 15 ZEC | graduates to a Meteora pool |
| Large | 40 ZEC | graduates to a Meteora pool |
The coin page shows exactly where the curve is: ZEC raised so far against the target, read from the pool account on chain.