How It Works
Every token launched on SnowForge goes through two phases: the bonding curve and graduation to SnowDex. Here's what happens at each stage.
When a token is created, 100% of the supply goes into a bonding curve pool. No pre-sales, no team allocations, no hidden wallets. Everyone buys from the same curve, starting from the same price.
The price follows a linear bonding curve: it starts low and rises as more people buy. If someone sells, the price drops back down. Fully on-chain and automatic, no order books or market makers needed.
During this phase, the pool collects AVAX from buyers. Once the AVAX reserve hits the migration threshold, the token automatically graduates.
When the migration threshold is reached, the bonding curve automatically deploys a trading pair on SnowDex with the collected AVAX and the remaining unsold tokens as initial liquidity.
The initial LP tokens are permanently burned. No one can pull the liquidity, not even the creator. Rug-pull protection by design.
After graduation, the token trades on SnowDex like any other pair. Anyone can add their own liquidity and earn LP fees.
When creating a token, you choose a curve preset that controls two things: how steeply the price rises during the bonding curve, and how much of the token supply becomes DEX liquidity after graduation.
Steeper curves allocate more tokens to DEX liquidity. This creates deeper post-graduation trading and narrows the gap between the first buyer's entry price and the graduation price.
| Preset | Price Range | DEX Liquidity |
|---|---|---|
| Stable | ~3x | 16% |
| Moderate | ~9x | 18% |
| High | ~19x | 20% |
| Extreme | ~99x | 40% |
The total token supply is split between tokens sold on the curve and tokens reserved for DEX liquidity. The exact split depends on the curve preset you choose.
For example, the High preset sells 80% of tokens on the bonding curve and reserves 20% for DEX liquidity at graduation. The Extreme preset sells 60% and reserves 40%, creating much deeper liquidity on SnowDex after graduation.
More DEX liquidity means less price impact on trades after graduation, which benefits all holders.
To prevent bots from front-running a launch, bonding curve pools include an anti-snipe window. During the first few blocks after the first buy, each wallet is limited in how much AVAX it can spend. The creator is exempt from this limit.
After the window expires, there are no per-wallet limits. This gives real users a fair chance to participate at launch without competing against sniper bots.
Creators earn a 0.30% fee on every trade during the bonding curve phase, paid out immediately in AVAX.
After graduation, creators continue earning a share of every SnowDex swap, starting at 0.80% for fresh pairs and decreasing as the pair's liquidity grows. See the Fees page for the full schedule.
Creators can also make an optional initial buy at launch, purchasing tokens from their own curve at the starting price. This is fully transparent on-chain.
