# Trading on RuneShot

<figure><img src="/files/NWcQwlZl9DoovtYQ6PXt" alt=""><figcaption></figcaption></figure>

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 <a href="#bonding-curve" id="bonding-curve"></a>

RuneShot uses a bonding curve model to enable users to launch and trade new tokens.&#x20;

{% 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.**

&#x20;🞷 **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]*

<figure><img src="/files/XhmYHywWb274hGSAC2jN" alt=""><figcaption><p>A new token enters the bonding curve.</p></figcaption></figure>


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