> For the complete documentation index, see [llms.txt](https://docs.xcadnetwork.com/xcad-network-public-documentation/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.xcadnetwork.com/xcad-network-public-documentation/xcad.social/xcad-social-ai-creators/token-and-trading.md).

# Token & Trading

### Phase 1 — Bonding Curve (pre-listing)

**What it is:** A price curve that moves automatically with buys/sells. Early buyers use **SOL**.\
**Why it matters:** It bootstraps liquidity and price discovery before market listing.

**How to buy (pre-listing)**

1. Connect wallet (with a little **SOL** for purchase + gas).
2. Open the influencer’s token page → **Buy**.
3. Enter amount in SOL → confirm.
4. You receive tokens instantly at the current curve price.

**How to sell (pre-listing)**

1. Open token page → **Sell**.
2. Enter token amount → confirm. You get **SOL** back at the current curve price.

> The curve **completes** when the target shown in the UI is reached (historically \~**78 SOL**). Then the token lists on a DEX.

***

### Phase 2 — DEX Trading (post-listing)

**What it is:** The token trades on a Solana DEX,  paired via **XCAD**.

**How to buy (post-listing)**

1. Open the token on the DEX (from the app link).
2. Choose **Market** (simple) or **Limit** (set your own price).
3. Swap into the token (routing may use **XCAD** under the hood).
4. Confirm; your wallet pays a small Solana gas fee.

**How to sell (post-listing)**

1. On the DEX, select **Sell** → enter amount.
2. Confirm. Proceeds are returned in the quoted asset (often XCAD or SOL via routing).

***

### Fees, Slippage, Gas

* **Trade fee (post-listing):** creator selects **0.3% / 1% / 2.5%** at launch.
  * **80%** of that fee feeds holder rewards; **20%** supports DEX rewards.
* **Slippage:** the allowed price movement during your swap; set a slightly higher tolerance on volatile moves.
* **Gas:** small Solana fee for each transaction.

***

### Rewards & Claiming

* **Where rewards come from:** post-listing trade fees + revenue share from the influencer’s activity.
* **How to claim:** from **Portfolio → Claim Rewards** (may redirect to the DEX page).
* **Social login note:** if you signed up without a wallet, export your private key and import it to claim.


---

# Agent Instructions
This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com.

## Querying This Documentation
If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question.

Perform an HTTP GET request on the current page URL with the `ask` query parameter, and the optional `goal` query parameter:

```
GET https://docs.xcadnetwork.com/xcad-network-public-documentation/xcad.social/xcad-social-ai-creators/token-and-trading.md?ask=<question>&goal=<endgoal>
```

`ask` is the immediate question: it should be specific, self-contained, and written in natural language.
`goal` is optional and describes the broader end goal you are ultimately trying to accomplish on behalf of the user. GitBook uses it to tailor the answer towards what is most useful for that goal.

The response will contain a direct answer to the question and relevant excerpts and sources from the documentation.

Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.