Trading
Trading & graduation
Bonding curve, launch window and the move to Uniswap.
The bonding curve
Every token starts on a bonding curve: the price rises as people buy and falls as they sell, with no order book and always-available liquidity. You can trade directly from the token’s page on BEZEL.
- Trading fee
- 1% of each trade
- Creator tax
- 0–10%, chosen at launch, added to the trading fee
Launch window
Buys in the launch second pay a 99% snipe tax that decays to zero over 3 seconds. It protects a launch from bots; the creator’s dev buy is exempt.
Graduation
At 4.2 ETH raised, Pons moves the liquidity to a Uniswap pool and locks it. Trading continues there. The activity page lists bonding-curve trades live; trades in the pool after graduation aren’t included.
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