# Launchpads and bonding curves

> On a curve, then graduated to a pool: what each stage means for a coin.

As of 2026-10-19 06:17 UTC. Page: https://uprally.co/docs/bonding-curves

[Docs](https://uprally.co/docs) › Before you buy › Launchpads and bonding curves

Before you buy

Most coins here start on a launchpad. Some go straight into a pool; others start on a bonding curve and move to a pool when they graduate. Where a coin is decides how its price moves.

In 30 seconds

- On a curve, you buy from the launchpad’s contract at a price set by a formula.
- When enough has been raised, the coin graduates: its trading moves to a pool.
- Uprally marks each coin “On launchpad” or “Open market”.

## Two ways a coin launches.

## How a curve works.

A bonding curve is a price formula held by the launchpad’s contract. Every buy raises the price a step, every sale lowers it; there is no order book and no one on the other side but the contract. The curve has a target. Once buys have raised enough to reach it, the coin graduates: the launchpad moves it into a pool, and from then on it trades there like any other coin.

On a coin still on its curve, the coin page shows how far it is to graduation, when the launchpad’s figures can be read.

**Close to graduation is not a signal.**A coin near its target can still be sold back down the curve. Graduating moves where it trades, nothing else.

## On Uprally.

Home and Explore mark each coin **On launchpad** (on its curve) or **Open market** (in a pool), and Home’s Graduated tab lists the coins that moved to a pool in the last day. You buy either kind the same way, with ETH, from its page: [buy and sell a coin](https://uprally.co/docs/trading-a-coin).

## Common questions.

**Is a curve coin safer?**

No. It is a different market, not a safer one. Read who holds it either way: bundles and snipers buy on curves too.

**Why did the price jump at graduation?**

Its trading moved from the curve to a pool, where the price is set by what is in the pool and by who trades it.

**Why do pool coins show “Open market” from launch?**

They never had a curve: they opened in a pool.

Next: [stock tokens and memecoins](https://uprally.co/docs/stock-tokens).

[Before**Token snipers**](https://uprally.co/docs/token-snipers)[Next**Stock tokens and memecoins**](https://uprally.co/docs/stock-tokens)

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