Reading a token page
A token page is designed to answer, at a glance, the three questions that matter: what is this, what phase is it in, and what rules did it launch under. This page decodes every element.
The header
- Name, ticker, artwork - with the token's chain mark beside the ticker. Two tokens on two chains can share a ticker, so a ticker never appears in the app without its venue.
- The contract address, truncated, copyable, linking to the chain explorer. When in doubt about an impersonator, the address is the identity; the name is just a label.
- The state pill - Bonding, Filled, or Graduated (see below).
- Lock badge - if supply is locked or vesting in the Degenland locker, a badge like “12% locked until 12 Mar 2027” appears here. No badge means nothing is locked; the app never renders an empty locks panel to imply otherwise.
- The creator's description - free text from the launch, shown in a band directly under the header. Long text clamps to two lines with an expand; when the creator wrote nothing, no band renders. It is the creator's own words - unverified, not data.
The three states
| State | Meaning | You can |
|---|---|---|
| Bonding | Trading on the curve; the progress meter shows % of the graduation target raised. | Buy and sell against the curve |
| Filled | The curve completed; the graduation keeper is about to run (usually minutes). | Wait - trading resumes on the DEX shortly |
| Graduated | Liquidity is locked in the DEX pool; the token is a free-floating, ownerless ERC-20. | Trade on Uniswap via the panel’s link |
A fourth state, Recovered, exists for the rare failed-graduation recovery and is labelled as such rather than dressed up as a graduation.
Chart & benchmark
Candles are built from every indexed trade, from the very first curve buy, at intervals from 1m to 1d. Two benchmark figures ride along:
- 24h - the token's own move against its price 24 hours ago.
- vs SPY - that move minus SPY's move over the same window, computed from the live Chainlink feed. Unique to this platform; a dash means one of the inputs is genuinely unknown (young token, closed data), never zero-filled. See Tokenized equities.
Trades & holders
- Trades - the live tape of buys and sells with wallet, amount and price; new trades stream in over the socket.
- Holders - current balances with each wallet's share of supply. The launchpad's own holding (the unsold curve reserve, pre-graduation) is part of the picture, not hidden from it.
The token's economics, disclosed
Everything a launch fixed forever is readable on its page - this is the other half of the immutability story:
- the swap fee the creator set (what every trade costs you);
- the fee routing - whether creator fees are claimed, burned into buybacks, paid to stakers, or (when live) converted to stock, so “this memecoin pays its stakers in AAPL” is visible before you buy;
- the anti-sniper setting and dev-buy amounts from the launch event;
- the staking pool, when the token routes fees to stakers - stake, unstake and claim from the token page;
- bundle disclosure - supply bought through the transparent bundler is permanently recorded on-chain and surfaced, not left for scanners to guess at.
How tokens get ranked
The home page's King of the Hill spotlights the hottest still-bonding token, and the Trending rail sorts by a published “hotness” score: recent volume (weighted toward the last hour), decayed by time since the last buy, plus small terms for trade count and holder count.
Hotness measures attention, not quality. A trending token can still go to zero - and most curve tokens do.
