Graduation
A live status tag showing a coin has cleared the trust bar — the thresholds are public, it is recomputed on every response, and it is losable.
Graduated is a status tag a coin earns by clearing a bar on market cap and holder count at the same time.
It is not a migration. There is no bonding curve to leave and no liquidity to move — an ArrowPad token trades in the same locked pool from launch onward. Graduation is purely a signal to readers of the board.
The thresholds
Both must hold at once:
| Requirement | Threshold |
|---|---|
| Fully-diluted market cap | $50,000 |
| Holders | 50 |
Clearing one is not enough. A coin at a $2M market cap held by twelve wallets has not graduated, and that is the point — the bar describes distribution as much as size.
It is recomputed live
The tag is derived from current stats on every response. A coin that falls back below either bar loses the tag as visibly as it earned it. Nothing about it is stored, granted, or permanent.
Every token page shows how far along a coin is against both numbers, board cards carry a progress bar, and the board's Graduated tab lists everything holding the tag right now.
Why the numbers are public
They were hidden for a while, on the argument that a published bar is a checklist
to game. That argument lost on the facts: /api/board is open and returns market
cap and holder count for every coin, so anyone could measure the bar from the
first token to cross it. The choice was never secret or public — only public
and legible or public and pretending otherwise.
Legible wins. Knowing the bar does not make it cheaper to clear: $50,000 of market cap and fifty distinct holders cost the same whether or not they are written down, and both are visible on-chain the whole way.
Graduated is a signal, not an endorsement. It says a coin currently has real size and a real holder base. It says nothing about whether the team will keep building, and it is not investment advice. See Risk disclosures.