Bonding curve — A pricing mechanism where a token's price is calculated automatically from a formula based on how much of it has been bought, instead of being set by an order book or a fixed price. On ZecPad, price rises as more tokens are bought and falls as they're sold.
Confidential Transfer — An extension of the SPL Token-2022 standard that encrypts token balances and transfer amounts using ElGamal encryption and zero-knowledge range proofs. Hides amounts; does not hide wallet addresses. See Privacy Mode.
Curve shape — The initial virtual-reserve ratio chosen at token
creation (STEEP, LINEAR, or FLAT) that determines how quickly price
rises as the bonding curve fills.
Devnet — Solana's public test network. Tokens, SOL, and program deployments on devnet have no real-world value and are used for development and testing.
Mainnet-beta — Solana's production network, where real assets with real value are transacted. Despite the name, it is Solana's live, production environment.
Migration — The one-time event where a token's liquidity moves from its bonding curve to a public DEX pool (Raydium or Orca) once the curve's real SOL reserves hit the creator-set migration target. Ends curve trading and permanently fixes the token's supply.
Mint authority — The account permitted to create (mint) new units of a token. ZecPad revokes this permanently at migration, so supply can never be inflated after that point.
PDA (Program Derived Address) — A Solana account address deterministically derived from a program ID and a set of seeds, with no private key of its own. ZecPad uses PDAs to store per-token state such as the bonding curve and privacy configuration.
SPL Token-2022 — The newer of Solana's two token program standards (alongside the original SPL Token program), which adds optional "extensions" including Confidential Transfer, transfer fees, and metadata. ZecPad uses SPL Token-2022 for every token it creates.
Upgrade authority — The account (a single key, a multisig, or none) permitted to deploy new code to an already-deployed on-chain program. See Security & Audits.
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