# Glossary

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The AstraPad Glossary provides clear definitions of key terms, helping both new and experienced users understand the platform, its features, and the broader blockchain ecosystem.

## Glossary Terms

### Launch Types

* **Bonding Curve (Curve Launch)** – A launch method where the token price gradually increases as tokens are bought, creating fair price discovery before automatic liquidity deployment.
* **Presale** – A fundraising model where tokens are sold before the public launch, usually with a hard or soft cap.
* **Fair Launch** – A launch where everyone can buy at the same price with no early investor advantage, often paired with a fixed time or cap.

### Platform Mechanics

* **Graduation** – The point at which a token completes its bonding curve raise and is automatically listed on Uniswap with liquidity added.
* **Liquidity Pool (LP)** – A pool of tokens and paired assets (ETH, USDT, etc.) that facilitates trading on decentralized exchanges like Uniswap.
* **LP Ratio** – The percentage of total tokens allocated to the liquidity pool at the time of graduation.
* **No-Admin Keys** – Smart contracts deployed without owner privileges, ensuring full decentralization and security.
* **Anti-Bot / Anti-Snipe Protection** – Mechanisms designed to prevent bot trading and unfair advantages during launch.

### Metrics & Analytics

* **Market Cap** – The total value of a token, calculated as token price multiplied by circulating supply.
* **Volume (24h)** – The total amount of trading activity within a 24-hour period.
* **Holders** – The number of unique wallets holding a specific token.
* **Trading Taxes** – Platform-defined transaction fees applied to buys and sells, used for revenue sharing and platform operations.