How the bonding curve works

In bonding-curve mode there are no fixed mint slots. The token trades against a virtual-reserve curve: the price rises smoothly as people buy and eases as they sell — everyone trades at the live curve price, so there is no snipe advantage. All buys and sells happen on Whale.fun itself (the "internal market").

When the curve fills its graduation target (for example 5 ETH on Robinhood Chain, or a BNB target on BNB Chain), the token "graduates": all curve liquidity is moved into a real DEX pool (Uniswap on Robinhood, PancakeSwap on BNB Chain), the LP is burned, and trading continues on the DEX (the "external market"). Nothing is pre-allocated to insiders at any point.

Creator tax from the first trade: a bonding-curve token can carry a buy/sell tax (up to 10%) that applies from the very first internal-market trade. The tax is split into the same buckets as mint tokens — marketing / liquidity / dividends / burn, plus an optional vault template. Holders earn on-chain dividends in the quote asset and can claim anytime. Set the tax sliders to 0 for a plain, tax-free curve.

Live candlestick chart: every curve token shows a real K-line built from on-chain trades — internal-market Buy/Sell during the curve phase, then DEX Swaps after graduation, stitched into one continuous chart. It works on any chain and needs no third-party indexer.

Which chains: both BNB Chain and Robinhood Chain let you choose either launch mode (fair mint or bonding curve) when creating. The creation fee is a fixed, network-set amount charged once at creation (for example 0.005 BNB on BNB Chain, 0.002 ETH on Robinhood Chain).

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How fair mint works

Fees & tax