Glossary / Launch Actions
A pricing formula that automatically raises token price as supply is minted — the mechanic behind pump.fun launches.
A bonding curve is a deterministic pricing formula relating token supply to price. As more tokens are minted, price rises along the curve. pump.fun uses a constant-product bonding curve that graduates to Raydium after a market cap threshold.
Bonding curves enable fair launches with no presale — the first buyer pays the lowest price, later buyers pay more, and the mechanism is transparent on-chain.
The fastest way to internalize a term is to see it live on a Solana token you know. Paste any mint below to run a public Launch Score.