> For the complete documentation index, see [llms.txt](https://memeko.gitbook.io/memeko-docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://memeko.gitbook.io/memeko-docs/graduation-and-liquidity-locking.md).

# Graduation & Liquidity Locking

Memeko is designed to give newly launched tokens a path from pre-market bonding curve trading to decentralized exchange trading.

Graduation marks the transition from a token's initial bonding curve phase to a liquidity pool. Memeko's documented model also includes permanent liquidity locking and token-locking features intended to improve transparency and help communities evaluate a project's token distribution.

### What Is Graduation?

When a Memeko token launches, it begins trading through a virtual bonding curve without requiring the creator to provide upfront seed liquidity.

As trading activity progresses, the token moves toward its configured graduation target.

Memeko's documented launch model specifies a target graduation market capitalization of **$45,000**.

When the applicable graduation conditions are met, the pre-market trading phase ends and the token transitions to a decentralized exchange liquidity pool.

### How Graduation Works

The documented graduation process consists of the following steps:

1. **Graduation conditions are reached.** The token reaches the required graduation threshold.
2. **Pre-market trading concludes.** Trading through the bonding curve ends according to the contract's graduation rules.
3. **A liquidity pool is created.** The token is paired with the designated trading asset on the supported decentralized exchange.
4. **Reserved tokens and liquidity are deposited.** The graduation mechanism uses the reserved token allocation and accumulated liquidity according to the deployed contract.
5. **Trading transitions to the DEX.** Users can trade through the resulting liquidity pool and supported trading interfaces.

The system is designed to match the initial liquidity pool price to the final bonding curve price, minimizing the price discontinuity during graduation.

Actual execution depends on the deployed contracts and the liquidity available at graduation.

### Token Supply and Graduation Reserve

Memeko's documented token launch model uses a fixed supply of 1,000,000,000 tokens.

| Allocation                   | Percentage | Amount            |
| ---------------------------- | ---------- | ----------------- |
| Pre-market bonding curve     | 80%        | 800,000,000       |
| Graduation liquidity reserve | 20%        | 200,000,000       |
| **Total supply**             | **100%**   | **1,000,000,000** |

The reserved tokens are intended to support liquidity creation when the token graduates.

These figures describe Memeko's documented launch design and should match the final deployed token contracts.

### Permanent Liquidity Locking

Memeko's original design specifies that all liquidity provider (LP) tokens created during graduation are sent to a designated burn address.

This is intended to permanently remove control over the corresponding liquidity position, preventing the creator or platform administrator from withdrawing that locked liquidity through the LP tokens.

The exact mechanism depends on the decentralized exchange and liquidity model used by the deployed Elysium and LitVM contracts.

A permanent liquidity lock is an important transparency measure, but it does not eliminate every possible token risk. Contract vulnerabilities, malicious token logic, market volatility, and insufficient trading demand can still affect users.

### Token Locking

In addition to the graduation liquidity mechanism, Memeko's documented feature set includes a voluntary token-locking feature.

Creators and token holders can use token locking to demonstrate a commitment not to sell or transfer a selected token allocation during a specified period.

#### Time-Lock

A time-lock prevents the locked tokens from being transferred or sold until the configured unlock time.

The documented lock durations are:

* 30 days
* 90 days
* 180 days
* 1 year

During the lock period, the locked tokens remain subject to the restrictions enforced by the locking contract.

Once the lock expires, the tokens become transferable again according to the contract rules.

#### Permanent Lock

A permanent lock sends the selected token allocation to a designated burn address, permanently removing those tokens from normal circulation.

Unlike a time-lock, a permanent lock does not have an expiry date.

Always review the amount and destination before confirming a permanent lock transaction.

### Public Locking Information

Memeko's documented design includes public information intended to help users assess token-locking activity.

Depending on the deployed implementation, a token page may display:

* **Percentage time-locked** — The proportion of the relevant token supply subject to time-locks.
* **Unlock countdown** — The remaining time before a time-locked allocation becomes transferable.
* **Percentage locked forever** — The proportion of supply permanently burned through the locking mechanism.

These indicators help users understand the token's locking status.

A locking indicator should be interpreted alongside other token information. It is not a guarantee that a project is safe or that its market price will increase.

### Understanding the Risks

Graduation and liquidity locking can improve transparency, but they do not eliminate financial risk.

Before trading a graduated token, consider:

* The amount of liquidity available in its trading pool.
* The token's market capitalization and trading volume.
* The token's buy and sell tax configuration.
* The proportion of supply held by large wallets.
* The contract's functionality and any applicable restrictions.
* Whether time-locked allocations will unlock in the future.

Graduation does not guarantee continued demand, sufficient liquidity, or price appreciation.

**Next:** Token Locking — How to Lock Your Tokens