Anyone can make a coin here. Nobody decides which ones matter.

The price rises as people buy. Once 4.2 ETH has been raised the coin moves to the open market on its own and Calivra stops being involved. Most coins never get there.

What is this?

You can read everything here without connecting a wallet.

A rising line. The price of a coin against the amount of ETH people have put into it. It is marked at nothing raised, at 1.05 ETH where a coin is in the chamber, and at 4.2 ETH where it moves to the open market.0 ETH1.05 ETH4.2 ETHLoadedIn the chamberFiredPrice
The first buyers pay much less than the last ones. That is how the curve works, and it is also why buying early is riskier.

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