​
Graduation

Graduation is the moment a token outgrows its bonding curve and becomes a freely traded asset with permanent liquidity.

​
The trigger

A token graduates when its curve has raised 10,000,000 BWICK. The threshold is a fixed BWICK amount, identical for every token, and does not depend on the BWICK/USD price. You always know exactly how far a token is from graduating.

​
What happens

1
The triggering buy completes
2
The buy that crosses 10M BWICK raised executes normally; the buyer receives their tokens.
3
The curve closes permanently
4
No further buys or sells can touch the curve.
5
The AMM pool is created and seeded
6
The full 10M BWICK raised plus the reserved 12.5% of supply (12,500 tokens) are deposited as the pool’s initial liquidity.
7
The LP is locked forever
8
The seeded liquidity position can never be withdrawn. There is no rug: the 10M BWICK floor is permanent.

​
Price continuity

The pool opens at the same price the curve ended at (~800 BWICK per token). Curve buyers do not get marked down at graduation. By the numbers:
Value
Final curve price~800 BWICK/token
Pool opening price~800 BWICK/token
Graduation market cap~80M BWICK
Pool depth10M BWICK + 12,500 tokens, locked
Liquidity as a share of market cap12.5%

​
After graduation

The token trades on the AMM with a 0.3% swap fee. Anyone can add additional liquidity on top of the locked seed and withdraw their own share at any time; only the graduation seed is locked. The 2.25% max wallet continues to apply on every AMM swap.