> For the complete documentation index, see [llms.txt](https://runemine.gitbook.io/runemine/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://runemine.gitbook.io/runemine/user-guides/runeshot-user-guide/trading-on-runeshot.md).
# Trading on RuneShot
The **Tokens** view page shows all tokens launched and available for trading on RuneShot. Here, you can:
* View token tickers and market cap (MC)
* Check how much BTC has been raised
* See when a token launched
* Track bonding curve progress as a %
You can also sort by:
* Newest
* Market cap
* Last trade
Click on any token to see its details, bonding curve, and trading interface. Use this information to decide when to enter a curve or watch a project mature.
### 🟆 Bonding Curve
RuneShot uses a bonding curve model to enable users to launch and trade new tokens.
{% hint style="info" %}
RuneShot is a permissionless, open to use platform. Ensure you understand the risks of trading cryptocurrencies before engaging and always do your own research.
{% endhint %}
🞷 **During the Bonding Curve Stage:**
* **Buying:** Users purchase tokens directly from the bonding curve contract.
* **Selling:** Users sell tokens back into the curve for BTC.
* All transactions are **gasless**, signless, near-**instant and** **non-custodial.**
🞷 **Token Graduation:**
* When **100% of the bonding curve tokens** (800M) are sold, the token **graduates**.
* At that point:
* The **0.5 BTC raised** is paired with **the remaining tokens** (\~20% of supply)
* A liquidity pool is created automatically on **Rhea Finance**
* Trading transitions seamlessly from the bonding curve to the new pool
> Everything happens on RuneShot - no need to move wallets, switch tabs, or bridge manually.
🞷 **Custody & Withdrawals:**
* Tokens you buy are held in your **self-custodial RuneShot account**.
* You **cannot withdraw tokens until graduation** - but you can always sell them back to BTC before then.
* After graduation, tokens become fully tradable and withdrawable on Bitcoin, NEAR and *Solana \[soon]*