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Glossary
Definitions of bundling, vamping, sniping, OTC coin, bonding curve, graduation, buy-and-burn, slippage, price impact and holder concentration.
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- Bundling
- Bundling is when one person or group uses many coordinated wallets to buy a new coin in its first seconds, often with wallets funded from the same source. It can make a coin look widely held while a few people control much of its supply.
- Bundling is not the same as sniping. Sniping is any very fast buy, including by ordinary traders; bundling is coordination across many wallets.
- Send.Do does not currently detect or block bundling. Check a coin yourself before you trade.
- See also: How to spot a bundled launch · Holder concentration
- Vamping
- Vamping is launching a copycat coin that reuses another coin's name, ticker or image so that buyers mistake it for the original.
- A coin's identity is its mint address. Anyone can copy a name, ticker or image, but not the mint address.
- Send.Do does not currently detect or block copycat coins. Check the mint address yourself.
- See also: How to spot a copycat token
- Sniping
- Sniping is buying a coin very quickly, often in the first moments after it opens for trading. Snipers include bots and ordinary fast traders.
- Send.Do does not prevent sniping.
- Buying early is not proof of bad intent, and sniping is not the same as bundling.
- See also: Bundling
- OTC coin
- On Send.Do, an OTC coin is a coin launched through OTC (otcdesks.cash). Send.Do's OTC Markets page lists these coins.
- In traditional finance, over-the-counter (OTC) trading means two parties trading directly instead of on an exchange. On Send.Do the term names coins launched through OTC, not that kind of trading.
- See also: OTC Markets
- Bonding curve
- A bonding curve is a pricing formula built into a coin's launch: the price changes automatically as people buy from and sell back to the curve, before the coin has a regular liquidity pool.
- Coin pages on Send.Do can show bonding progress, or a Bonded badge once the curve is complete.
- See also: Graduation
- Graduation
- Graduation, also called migration, is when a coin completes its bonding curve, usually by reaching a set target, and its liquidity moves into a regular trading pool.
- After graduation the price is set by trading in that pool, not by the curve's formula.
- See also: Bonding curve
- Buy-and-burn
- Buy-and-burn means using money to buy a coin on the market and then permanently destroying (burning) the coins bought, which lowers the total supply.
- A burn can be checked onchain: the burn transaction and the change in the coin's total supply are public.
- Part of Send.Do's app fee buys SENDO, which is then burned. The buy-and-burn guide shows the live totals and receipts.
- See also: How SENDO buy-and-burn works · Fees
- Slippage
- Slippage is the difference between the price you were quoted and the price your trade actually gets. Your slippage limit is the most movement you accept before the trade fails instead of filling.
- Slippage is not a fee. The Fees page lists what Send.Do charges.
- See also: Fees · Price impact
- Price impact
- Price impact is how much your own trade moves the price. A large trade in a pool with little liquidity has more price impact than a small trade in a deep pool.
- Price impact is not a fee, but it changes how much you receive.
- See also: Fees · Slippage
- Holder concentration
- Holder concentration is the share of a coin's total supply held by its largest holders, for example its top 10 wallets.
- Always divide by total supply. Leave the liquidity pool and bonding curve accounts out of the holdings you add up, but keep them in the total you divide by.
- One wallet can own several token accounts, so group token accounts by the wallet that owns them before you count.
- See also: How to spot a bundled launch