How a launch works

Every ZeeBonds token goes through the same five steps.

1. Launch with a bond. The creator picks a tier: Bronze, Silver or Gold. That share of the supply is locked for them on-chain in the same step that creates the token, before anyone can buy.
2. Fill the curve. Buyers trade on a bonding curve that raises 85 SOL's worth of the token's pair. The price rises as the curve fills.
3. Graduate. When the raise completes, Raydium moves the liquidity into a pool and locks it forever.
4. Wait out the cliff. The creator's bond stays fully locked for the tier's cliff: at least 7, 14 or 30 days after graduation.
5. Unlock slowly. After the cliff, the bond unlocks in a straight line over at least 30, 90 or 180 days.

The whole time, trading fees flow back to the token's holders. See Holder rewards.