Token Graduation

Degen tokens only generate XP once, at the moment the token graduates from its bonding curve.

There is NO XP during the bonding curve phase. XP is only minted at graduation, and only if the token successfully reaches its graduation threshold.

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⭐ Why XP Is Graduation-Only

This prevents farming, wash trading, micro-buy spam, and fake activity.

XP is only created when:

• The token proves real demand

• The curve reaches its required completion percentage (e.g., 70 percent)

• The token becomes eligible to launch on XDEX

If the token does not graduate, then:

❌ The creator earns 0 XP ❌ Participants earn 0 XP ❌ No XP is ever minted

Graduation is the only event that creates Degen XP.

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🦁 1. Creator XP (Lion’s Share)

When a token graduates, the creator receives the majority of the XP.

This rewards creators for launching legitimate tokens with real economic traction.

Let:

• totalSOL = total SOL deposited into the bonding curve

• tokenXPpool = total XP generated for this token

tokenXPpool = GRAD_RATE × log(1 + totalSOL / GRAD_NORMALIZER)
creatorXP   = tokenXPpool × creatorShare

Recommended default:

creatorShare = 0.60 (60 percent of XP pool)

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👥 2. Participant XP (Curve Holders at Graduation)

All users who still hold a position on the curve (net SOL > 0) at graduation receive XP.

XP is proportional to the amount they kept, not how much they bought total.

Let:

• netSOL_i = SOL user i still has in the curve at graduation

• totalNetSOLParticipants = sum of all users’ netSOL

participantPool = tokenXPpool × (1 - creatorShare)

participantXP_i = participantPool × (netSOL_i / totalNetSOLParticipants)

Users who bought then sold before graduation (netSOL = 0) earn:

0 XP

They contributed no final value to the token’s success.