Documentation Index
Fetch the complete documentation index at: https://docs.elata.bio/llms.txt
Use this file to discover all available pages before exploring further.
Overview
Two ways to buy app tokens:| Status | Where |
|---|---|
| Raising | Bonding curve (price set by formula) |
| Live | DEX like Uniswap (free market) |
Before You Start
Requirements
Ethereum Sepolia Network
Configure your wallet for Ethereum Sepolia (Chain ID: 11155111). The app will prompt you to switch automatically.
Testnet ELTA Tokens
ELTA is the currency for buying app tokens. Request testnet ELTA on Twitter (see below).
Getting Sepolia ETH
Get free testnet ETH for gas fees:- Alchemy Faucet — Requires Alchemy account
- QuickNode Faucet — Quick and easy
- Google Cloud Faucet — Free Sepolia ETH
Getting Testnet ELTA
To get testnet ELTA tokens:- Follow @elata_bio on X/Twitter
- Post or DM us with your wallet address requesting testnet ELTA
- We’ll send you tokens within 24 hours
When mainnet launches, ELTA will be available on decentralized exchanges (Uniswap, etc.) and through community airdrops.
Buying on Bonding Curves
When an app is in “Raising” status, you buy directly from the bonding curve.How It Works
- Price increases with demand: Early buyers get lower prices
- Instant liquidity: Buy and sell anytime
- 1% trading fee: Applied to all transactions
- No slippage worries: Price determined by curve formula
Step-by-Step
Find an App
Browse the App Store and click on an app in “Raising” status
Understanding the Quote
When you enter an amount, you’ll see:| Field | Meaning |
|---|---|
| You Pay | ELTA amount including fee |
| You Receive | App tokens you’ll get |
| Price | Effective price per token |
| Trading Fee | 1% of purchase amount |
| Price Impact | How much your order moves the price |
Price Impact
Large orders affect the price:- Small orders (<1% of curve): Minimal impact
- Medium orders (1-5%): Noticeable price increase during execution
- Large orders (>5%): Significant price impact, consider splitting
Selling on Bonding Curves
You can sell back to the curve at any time.Step-by-Step
Selling Considerations
- Price decreases: Selling pushes the curve price down
- Fee applies: 1% trading fee on sales too
- Instant settlement: ELTA received immediately
Trading on DEX (Live Apps)
After an app graduates (reaches 42,000 ELTA), it trades on decentralized exchanges.Where to Trade
- Uniswap: Most common
- Other DEXes: Check app page for links
- Aggregators: 1inch, Paraswap, etc.
Step-by-Step
DEX vs Bonding Curve
| Feature | Bonding Curve | DEX |
|---|---|---|
| Price | Formula-based | Market-based |
| Liquidity | Always available | Depends on pool |
| Slippage | Predictable | Variable |
| Fee | 1% fixed | ~0.3% + gas |
Price Charts
On App Pages
Each app page shows:- Live price feed
- Historical chart
- Trading volume
External Charts
For graduated apps:- DexScreener: Detailed trading analytics
- GeckoTerminal: Price tracking
- Etherscan: On-chain data
Understanding Prices
Bonding Curve Pricing
Price follows a mathematical curve:- Starts low with few tokens sold
- Increases as more tokens are purchased
- Decreases when tokens are sold back
After Graduation
Price determined by:- Supply and demand
- Liquidity pool depth
- Market sentiment
Trading Fees
On Bonding Curve
1% trading fee on every transaction:- 70% → App token stakers
- 15% → veELTA holders
- 15% → Treasury
On DEX
Typical DEX fees:- 0.3% Uniswap fee
- Gas costs for transactions
Transfer Fee
App tokens also have a 1% transfer fee:- Applied when sending tokens between wallets
- Same distribution as trading fees
Tips
- Start small — learn the system before going big
- Check price impact — large orders move the price, split if needed
- Gas is usually cheap — but watch during congestion
- Set slippage — 0.5-1% on DEX trades
- Verify contracts — check address on app page before trading
Tax Considerations
Consider tracking:- Purchase prices (cost basis)
- Sale proceeds
- Trading fees paid
- Holding periods
Common Issues
Transaction Stuck
Transaction Stuck
If a transaction is stuck:
- Check gas price
- Try speeding up or canceling in wallet
- Wait for network to clear
Insufficient Balance
Insufficient Balance
Make sure you have:
- Enough ELTA for the purchase
- ETH for gas fees
- Approved sufficient allowance
Price Changed
Price Changed
Prices can move between quote and execution:
- Set appropriate slippage tolerance
- Retry if transaction fails
Wrong Network
Wrong Network
Ensure your wallet is on Ethereum Sepolia network:
- The app should prompt to switch
- Or manually add Ethereum Sepolia network
Next Steps
Stake & Earn
Put your tokens to work earning fees
veELTA
Lock ELTA for governance and rewards