Glossary - Pari

What it is

The words these docs use, in one line each.

When to use it

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Terms

Word	What it means
Bonding curve	The price curve a token trades on from its first buy. The price rises as people buy and falls as they sell.
Preset	The set of launch rules a dev picks: Light, Standard or Strict. It cannot be changed after launch.
Sniper fee	The high fee at the start of a launch. It starts at 99% and falls to the 1% base fee.
Max wallet	The most one wallet may hold while a token opens, as a share of total supply.
Buys per slot	The most that can be bought in one slot, as a share of total supply.
Dev launch buy	What the dev buys at launch. It stays locked in a program vault until the unlock time.
Partner share	What is left of a trade fee after Meteora’s part.
Holder window	The preset’s decay time plus 5 minutes. In it, the whole partner share of the fees goes to the token’s holders.
Receipt	A record on the token page of a sniper fee paid to holders.
Migration	The move from the bonding curve to a Meteora DAMM v2 pool, at about US$ 45k market cap.
Liquidity lock	At migration, all of the liquidity is locked for good. Nobody can pull it.
Integrator	A site, bot or terminal that launches tokens through the SDK and receives a share of the fees.
Crank	The service that runs the routine on-chain steps, such as collecting fees, splitting them and publishing rewards.

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How Pari works

See these words in order, from launch to lock.

FAQ

Short answers to what people ask first.