Glossary

Definitions for Popdex terminology.

Attention market

A Popdex market built around attention for a token, project, creator, community, or narrative.

Attention token

The tokens available for trading on Popdex.

Bonded

The token state after Graduation. Buzz starts at 100, and Buzz-based price action begins with the next swap.

Bonding phase

The first phase of a Popdex token. During this phase, users trade the token through a bonding curve, and Buzz is not active.

Buzz

Buzz converts attention into a decimal number with the Buzz formula. Buzz starts at 100, and buys and sells can change it.

Buzz Guard

Each Bonded token has a USDC-only Buzz Guard liquidity book. Its fixed-price layers support eligible sells and help protect Buzz and Price after a Buzz Reset without changing them. Each weekly layer activates with the first successful Buzz Reset transaction after Monday 00:00 UTC.

Buzz Guard deposit window

The 24-hour period before Monday Buzz Reset eligibility. Buzz Guard accepts USDC deposits only during this period.

Buzz Guard layer

A Buzz Guard layer holds deposited USDC at a fixed price.

Buzz Reset

A weekly event that returns Buzz to 100 without changing the token price. The first eligible trade or liquidity action applies the reset.

Graduation

The transition from the Bonding phase to Bonded. Graduation occurs in the same blockchain transaction that meets the required conditions.

Graduation Progress

An indicator that shows how close a Bonding-phase token is to its Graduation target.

Graduation target

The required net USDC balance for a token during the Bonding phase. A successful trade causes Graduation when the balance reaches this target and all conditions are met.