For traders

Buying and selling

You pay and receive ETH or USDG — the router swaps through the canonical PONS pool for that pair inside the same transaction, so the PONS hop is invisible. Quotes in the app come from simulating the real route, not estimates. A 3% slippage guard is applied to what you saw.

Graduation happens when a curve has raised 15,876 PONS (≈ 4.2 ETH at calibration).

Reading a token card

• Bonded 250 · 6d 23h (mint) — the creator's bond and time until it unlocks.
• Converted (amber) — the creator sold during the bond; everything they staked is now pool liquidity, and their fee share flows to the pool forever.
• Graduated (blue) — trading live on a locked Uniswap v4 pool.
• Progress bar — how far the curve is toward the graduation target.

What the bond does and doesn't protect

It makes rugging by the declared creator maximally expensive; it does nothing about wallets that were never declared. Before sizing a position, read What we don't claim and weigh the bond against what the creator visibly holds.

The countdown is the contract

A creator selling after the bond expires is not a rug — it's the agreed deal ending. The unlock time was public from the launch block. Trade accordingly.