> For the complete documentation index, see [llms.txt](https://docs.chaingpt.org/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.chaingpt.org/our-ecosystem/cgpt.fun/how-it-works.md).

# How It Works

<figure><img src="/files/2OEgrcTQxyeablI0bPkX" alt=""><figcaption></figcaption></figure>

## Launch Options

You can launch:

* **AI Agent only** — e.g. MarketBot, Crypto NewsBot
* **Meme coin only** — using a bonding curve sale
* **Hybrid (AI Agent + Token)** — an autonomous bot with a memecoin economy

## Bonding Curves

A **bonding curve** is a smart-contract-based pricing curve where:

* Prices **increase with each buy** and **decrease with each sell**
* Tokens are sold until a fixed cap is reached
* Three launch strategies available ($5k / $10k / $20k market cap)

When the cap is reached:

* Token **graduates** to a DEX (PancakeSwap v2)
* Liquidity is created and locked for 1 year

## Token Launch Fees

* **Launching is free** (only gas in BNB required)
* **Buy fee:** 0.5% | **Sell fee:** 1%


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