Glossary

Terms used across Pilotlight.

Bonding curve

The contract a new pons token trades against. Price rises as people buy and falls as they sell.

Graduation

When a curve raises its threshold, the token moves to a DEX pool.

Deployer

The wallet that launched the token.

Snipe tax

A pons tax on buys in the first 5 seconds, from 99% down to 0.

Creator tax

A fee on every trade that goes to the token's creator.

Market cap (MC)

Price × total supply (1 billion for pons tokens).

Slippage

The most the price may move against you before your trade cancels.

PnL

Profit and loss.

Rug

When insiders sell everything at once and the price collapses.

Batch

Several actions approved in a single wallet confirmation.