Graduation
A launch graduates to spot only when every published rule is met. Launched tokens are measured hourly by the server from the simulated market; example tokens show curated progress. Graduation never makes a token eligible for perpetuals: perps need stricter published rules below plus a separate human review. No real perp market opens here — trading is practice only.
Notefold ($NOTE)
0/4 criteria met
- Liquidity depth (2% move)32 SIM-USD / ≥ 5000
- Distinct holders37 / ≥ 250
- Top-10 holder share41.0% / ≤ 40%
- Time since launch6h / ≥ 72h
Perpetual eligibility: not eligible · 1/8 rules met
- Graduated to spotNo / Yes
- Liquidity depth (2% move)32 SIM-USD / ≥ 25000
- Distinct holders37 / ≥ 1000
- Top-10 holder share41.0% / ≤ 30%
- Time since launch0d / ≥ 14d
- 24h volume4100 / ≥ 50000
- Healthy price feednone / healthy, ≤ 60s, ≤ 100bps
- No open high-risk findings0 / 0
Kelpline ($KELP)
3/4 criteria met
- Liquidity depth (2% move)478 SIM-USD / ≥ 5000
- Distinct holders812 / ≥ 250
- Top-10 holder share23.0% / ≤ 40%
- Time since launch216h / ≥ 72h
Perpetual eligibility: not eligible · 2/8 rules met
- Graduated to spotNo / Yes
- Liquidity depth (2% move)478 SIM-USD / ≥ 25000
- Distinct holders812 / ≥ 1000
- Top-10 holder share23.0% / ≤ 30%
- Time since launch9d / ≥ 14d
- 24h volume22400 / ≥ 50000
- Healthy price feednone / healthy, ≤ 60s, ≤ 100bps
- No open high-risk findings0 / 0
Quillshare ($QUILL)
3/4 criteria met
- Liquidity depth (2% move)1851 SIM-USD / ≥ 5000
- Distinct holders2310 / ≥ 250
- Top-10 holder share18.0% / ≤ 40%
- Time since launch960h / ≥ 72h
Perpetual eligibility: not eligible · 5/8 rules met
- Graduated to spotNo / Yes
- Liquidity depth (2% move)1851 SIM-USD / ≥ 25000
- Distinct holders2310 / ≥ 1000
- Top-10 holder share18.0% / ≤ 30%
- Time since launch40d / ≥ 14d
- 24h volume61000 / ≥ 50000
- Healthy price feednone / healthy, ≤ 60s, ≤ 100bps
- No open high-risk findings0 / 0
Vexrun ($VEXR)
0/4 criteria met
- Liquidity depth (2% move)289 SIM-USD / ≥ 5000
- Distinct holders140 / ≥ 250
- Top-10 holder share62.0% / ≤ 40%
- Time since launch48h / ≥ 72h
Perpetual eligibility: not eligible · 1/8 rules met
- Graduated to spotNo / Yes
- Liquidity depth (2% move)289 SIM-USD / ≥ 25000
- Distinct holders140 / ≥ 1000
- Top-10 holder share62.0% / ≤ 30%
- Time since launch2d / ≥ 14d
- 24h volume88000 / ≥ 50000
- Healthy price feednone / healthy, ≤ 60s, ≤ 100bps
- No open high-risk findings1 / 0
Lumenpath ($LUMEN)
All criteria met
- Liquidity depth (2% move)12339 SIM-USD / ≥ 5000
- Distinct holders9420 / ≥ 250
- Top-10 holder share12.0% / ≤ 40%
- Time since launch3840h / ≥ 72h
Perpetual eligibility: not eligible · 7/8 rules met
- Graduated to spotYes / Yes
- Liquidity depth (2% move)12339 SIM-USD / ≥ 25000
- Distinct holders9420 / ≥ 1000
- Top-10 holder share12.0% / ≤ 30%
- Time since launch160d / ≥ 14d
- 24h volume410000 / ≥ 50000
- Healthy price feedhealthy · 4s · 12bps / healthy, ≤ 60s, ≤ 100bps
- No open high-risk findings0 / 0

