# Glossary

### Bonding curve

A pricing model where early buys are cheaper and later buys cost more as demand grows.

### Graduation

The moment a token reaches **14,228 APE** raised and moves from the curve to Camelot.

### ApeChain

The network Chimpx is built for.

### Curtis testnet

The test network used to try flows before using mainnet.

{% hint style="warning" %}
Curtis testnet APE has no real value. Use it for testing only.
{% endhint %}

### Camelot AMM

The exchange where Chimpx tokens trade after graduation.

### LP burn

The permanent lock of liquidity pool ownership after graduation.

### XP

Experience points tied to wallet activity. You earn XP for launches and graduations.

### Fair launch

A launch with no presale, no team allocation, and no private round. Everyone starts from the same public flow.


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