Buy and Trade

​

Two Trading Phases

Every app token goes through two phases:

---

​

Bonding Curve Phase

During the raising phase, you buy tokens directly from the bonding curve using ELTA. What to know:

• Price is determined by the curve formula (reserveELTA * reserveToken = k)
• Each purchase pushes the price up; each sale pushes it down
• A 1% trading fee applies to each trade
• The first 6 hours have an early access gate requiring 100 XP

How to buy:

1. Go to the app’s detail page on app.elata.bio
2. Connect your wallet
3. Enter the amount of ELTA you want to spend
4. Confirm the transaction

---

​

Graduation

The bonding curve graduates when ELTA reserves reach 42,000 ELTA. When this happens:

1. Remaining tokens and ELTA reserves are paired on a DEX
2. LP tokens are locked for 730 days (2 years)
3. All trading moves from the bonding curve to the DEX

After graduation, the token trades like any other DEX-listed token with an established liquidity pool.

---

​

Transfer Tax

App tokens may have a transfer tax of up to 2%. The tax applies only on transfers that touch an allowlisted liquidity pool (LP-keyed). Regular wallet-to-wallet transfers are not taxed.

---

​

Fee Awareness

When you trade on the bonding curve:

• 1% trading fee is collected and routed through the fee pipeline
• Fees are split between contributors (80%) and protocol treasury (20%)

When you trade on a DEX after graduation:

• Standard DEX swap fees apply
• Transfer tax (if configured) applies on LP-involving transfers

---

​

Next