Graduation

Graduation is the final transition where a token moves from the SteakHouse bonding curve into a fully deployed, standard ERC-20 token on a UNI-V2 pool. This process is automatic, deterministic, and designed to preserve price continuity, liquidity health, and holder balances.

---

What Happens During Graduation

When a token reaches its graduation threshold, SteakHouse executes a one-time graduation sequence:

• The real ERC-20 token contract is deployed with the final parameters like tax and metadata defined during token creation.

• All balances from the bonding curve (virtual token) are mirrored 1:1 into the real ERC-20 token.

• A Uniswap V2 liquidity pool is created using the accumulated ETH and the corresponding token amount.

• The bonding curve is permanently disabled, and all trading transitions to the open market (DEX + future CEXs).

From this point forward, the token behaves exactly like a standard ERC-20, with no curve logic remaining.

---

Token Minting, LP Creation & Distribution

During graduation, SteakHouse handles all minting and distribution atomically:

• ERC-20 Minting: The full supply required for circulation, liquidity, airdrops, and reserved allocations is minted in the ERC-20 contract.

• Liquidity Pool Creation: ETH collected on the curve is paired with tokens to create the initial DEX liquidity pool at the graduation price.

• Airdrop & Holder Migration: All existing holders automatically receive their ERC-20 balances. Holder wallets receive their allocation at graduation automatically.

• LP Lock or Burn: Liquidity tokens are either:

  • Locked automatically for the selected duration, or

  • Burned permanently, if burn mode was chosen during setup.

This guarantees that liquidity cannot be rug-pulled after graduation.

---

Developer Options & ERC-20 Configuration

Graduation respects all options selected in the token setup wizard:

• Developer Buy (Optional): If enabled, the developer can perform a predefined buy during graduation, purchasing tokens directly from the newly created LP at market price.

• Taxed vs No-Tax ERC-20s:

  • No-Tax Tokens: behave like pure ERC-20 assets with zero transfer fees.

  • Tax Tokens: apply a fixed ERC-20 tax (buy/sell) defined at creation, typically used for ecosystem funding, buybacks, or revenue share.

• Post-Graduation Control: Once graduated, SteakHouse has no special privileges over the token. All logic is enforced by the deployed ERC-20 and the liquidity configuration.