Bonding curve & graduation
The curve
Every coin uses the same curve shape on Meteora's dynamic bonding curve: 1 billion tokens and a 1.5% trading fee. Each token bought costs slightly more than the last; selling moves the price back down the same curve.
The creator picks the quote token people trade the coin against: SOL by default, or USDC, JUP, the tokenized stocks TSLAx and SPYx, or another token that passes on-chain checks (a real price, real liquidity, no transfer fees or hooks). You can still buy any coin with SOL or other tokens; the trade panel routes it through Jupiter.
The front end only displays what the program and API report.
Graduation
When about 85 SOL has been raised (for other quote tokens, the same dollar value at launch, fixed for that coin), the program migrates liquidity to a Meteora DAMM v2 pool. The pool's liquidity is permanently locked: nobody, including orbits.fun, can withdraw it. Fees from the pool continue to follow the coin's fee choice.
Evidence
Program addresses and example transactions are published by the backend. This frontend build has no live program yet, so none are shown; nothing here is presented as on-chain proof.