# Creating Tokens on RuneShot

<figure><img src="https://3944183420-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FYw5ku2GjZMOecz6V9AIg%2Fuploads%2FwGZQJb88uMdISRHyObsS%2Fimage.png?alt=media&#x26;token=cdef59d0-1e2c-4948-ba03-f110f86f08a1" alt=""><figcaption></figcaption></figure>

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Creating a new token on RuneShot costs around \~**$8 in BTC**, which covers the necessary Bitcoin gas fees
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🞷 **Quick Start: Creating Your Token**

1. **Make sure your RuneShot account is funded.** Deposit BTC to your unique RuneShot deposit address. *(If you haven’t done this yet, see the “Getting Started” section.)*
2. **Go to** the `New Token` tab on RuneShot.
3. **Fill in the details:**
   * **Ticker:** The symbol or full name of your token. (*A minimum of 4 character and a maximum of 14 characters, not including spacers.)*
   * **Description:** Short explanation, meme, or mission statement
   * **Icon:** Upload a small image file (PNG, JPG, SVG, or GIF - max 25kb)
4. **Click “Create!”** *The system will deduct the BTC fee and initiate your* [*bonding curve*](https://runemine.gitbook.io/runemine/user-guides/trading-on-runeshot#bonding-curve)*.*

### 🟆 **Phase 1: Bonding Curve Auction Begins**

* **800,000,000 tokens** (80% of total supply) are made available for purchase through a bonding curve.
* The bonding curve starts with a low base price and increases automatically as more tokens are bought.
* Buyers can purchase tokens using the BTC they’ve deposited into RuneShot, with purchases executed instantly on NEAR.
* The price per token increases gradually based on how many tokens have already been sold -encouraging early participation.

> There is no secondary market yet - all buys and sells go directly through the bonding curve contract.

<figure><img src="https://3944183420-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FYw5ku2GjZMOecz6V9AIg%2Fuploads%2Fp3gfOs7BiR97eM4cRHjC%2Fimage.png?alt=media&#x26;token=4af9b5df-7ca3-4858-94f1-a3feafeb03c6" alt=""><figcaption></figcaption></figure>

🞷 **Buying and Selling During Bonding Curve Phase**

* **Buyers** get tokens added to their self-custodial RuneShot account instantly.
* **Sellers** can return tokens back to the curve in exchange for BTC at the current curve price (if not fully bought out yet).
* There are **no gas fees** or wait times - all trades are handled by the near-instant NEAR backend with fees covered by RuneShot.

### 🟆 Phase 2: Graduation&#x20;

* Once **0.5 BTC is raised** through the bonding curve, the token **graduates**.
* This marks the transition from the curve auction to a liquid secondary market.

<figure><img src="https://3944183420-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FYw5ku2GjZMOecz6V9AIg%2Fuploads%2FvOeZs0q7oXKzcxAsv0Td%2Fimage.png?alt=media&#x26;token=235fc073-ccf0-4cc3-8a26-92bd6186d9dd" alt=""><figcaption><p>Once the threshold is met, the token automatically graduates from the bonding curve.</p></figcaption></figure>

🞷 *Upon graduation:*

* **0.5 BTC raised** from the curve is automatically paired with the **remaining 200,000,000 tokens** (20% of supply, minus fees)
* This pairing creates a **fully initialized liquidity pool** on Rhea Finance
* Token trading now shifts from the bonding curve to Rhea - all within the RuneShot interface

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From Bonding Curve → Market:&#x20;

* Trading continues on RuneShot through Rhea
* Users can now **withdraw tokens**, **provide LP**, or trade via Rhea’s aggregator
* RuneShot remains the hub, but the token is now fully liquid and backed by a BTC-based pool
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