What graduation means on a basket curve
Every coin launched here begins on a bonding curve with a raise target. The curve is a simple rule: the more of the coin has been bought, the higher the next price. The target is the amount of backing the curve needs to hold for the raise to count as complete.
What happens at the target depends on what backs the coin. A coin backed by one supported stock graduates in the usual sense: its liquidity leaves the curve and moves to a Uniswap pool, where it trades like any other pair.
A basket-backed coin does not move.
It trades on its own curve before the target and after it.
The reason is practical. A freshly made basket token is not an asset that outside pools know how to price or route, so sending liquidity there would strand it. Keeping the curve means buys and sells keep settling in real components through the same single transaction, for as long as anyone wants to trade.
So for a basket coin, graduation marks one thing: the raise target was hit. At that moment the creator's share of fees, 2% of every trade accrued so far, becomes claimable. Before the target it sits in the curve and cannot be withdrawn.
What graduation is not: a listing, an endorsement, or a floor. The price can fall below where it stood at the target, and the backing can shrink as holders sell. The target tells you that demand reached a line once. It tells you nothing about tomorrow.
