the coin

1. composedthe transaction is built and every term pinned — nothing is broadcast, so there is no address and nothing trades
2. on the curvea two-way market at a posted price, filling toward the graduation goal
3. graduatingthe goal is met; sells pause while the pool is built — anyone can finish the step
4. the poolan ordinary open market, with the launch position locked in it for good

The ladder is the map; which rung is live is read from the chain by this page. With scripts off, the commands at the bottom of the page answer the same question.

This page changes by itself. The launch is recorded, not announced: the day the coin broadcasts, its address lands in the deployment record every surface here resolves from, and this page — the card, the bar, the rung above — flips with it, with no edit and no countdown. The same is true the day it graduates, when the pools page takes over as the live read.

1. The coin opens on a public curve. The supply, the trade fee and the graduation goal are posted by the launch config and welded the moment the launch broadcasts — read them off the card above, not off anyone’s prose.
2. There is a goal, and a bar that fills. The curve collects the quote asset as it sells. When what it holds reaches the posted target, the launch graduates — which is also the moment the snapshot below is taken. The bar above is that number, live.
3. Earlier buys fill lower on the curve. The price climbs as the curve fills — that is the whole pricing rule. The opening moments also carry an extra tax that decays fast and is set per receiving wallet, so the very first seconds are not the discount they look like.
4. You can sell back while the curve runs. The curve is a two-way market from its first trade. The one exception is the short graduation window: once the goal is met, sells shut while the pool is built, and the card above says so whenever that is the state.
5. At the goal, the money becomes the market. The raise does not go to us. It seeds the pool the coin graduates into — full-range and permanently locked, so nobody can pull that depth out afterwards. Including us.
6. What we take is posted. The trade fee on the curve — the card prints it — and whatever we buy at the open, on the same curve at the same price as anyone. No side allocation is minted to us: the supply is the curve’s and the pool’s, split by the posted config.

If this reads like a crowdfunding campaign, that is the shape — a posted goal, a live bar, a run that everyone watches fill. Two differences matter. A crowdfund holds your money against a promise; here the money becomes the locked floor of an open market. And a pledge waits — a position on the curve can be sold back the whole time the curve runs.

The shape cuts both ways, and the honest failure mode is visible rather than promised away: a curve that never meets its goal never gets a pool — it just keeps trading on the curve, and the bar above says exactly how far it got. None of this page is advice.

Hold ELO when the curve graduates and you are in the free door of the Elo Pros mint — the capped run of characters whose art lives on chain. The snapshot is taken at blocks around the graduation event, and nobody schedules that moment: graduation is permissionless and demand-driven, so the timing is the market’s, not ours. Wallets above a small dust floor join one list together with the cohorts already measured, and one wallet takes one seat however many lists it is on.

The same snapshot feeds a second door, and the free copies stop there. Hold enough ELO through graduation and the copy of Gates is free. A minted character goes further: it carries a free copy of every first-party title, this one and the ones after it. Those are the only free doors — everyone else pays the posted dollar price, shown before the buy. “Enough” is a posted number, and it is posted before that root goes up rather than guessed here — it is the number that door is worth, so it is chosen deliberately.

The mint door is a race on a clock, not a reservation. Far more wallets qualify than there are characters, so being on the list means you may mint — never that one is held for you — and the door runs 72 hours or to mint-out, whichever comes first, then the run closes and the art reveals. The exact blocks and both floors are posted with the roots; the rule is announced now, ahead of the launch, so nobody buys on a rumor of it. Until the doors are armed on the contract nothing is owed, and the mint page derives what is actually live from the contract, never from this prose.

Every listed game brings its own coin, and every one of them pairs against ELO and only there — so any two coins on the platform are at most two hops apart, and every entry and every exit crosses the reserve. The work of building the platform and its games is posted on the board and priced in ELO. The money page carries the whole design; the pools are the live read of it.