What things mean
Every word on this site that a first time buyer would have to look up is defined here, in the same wording the site uses. Nothing on this page needs a wallet.
What Calivra is
Calivra is a place to create a coin, and a place to buy one that somebody else created. A coin here is a token on a public network. It is not a share in a company, it does not pay anything, and it is worth exactly what the next person will pay for it.
How it works, in four steps
Somebody creates a coin
They pick a name, a ticker and a picture, and pay 0.001 ETH plus the network fee. One billion coins are made at that moment and no more can ever be made. The creator gets none of them for free.
People buy it on the launch curve
There is no order book. The price is set by a formula: it rises with every purchase and falls with every sale. The first buyers pay much less than the last ones. That is how this works, and it is also why buying early is riskier.
At 4.2 ETH it moves to the open market
When the coin has taken in 4.2 ETH, 4.175 ETH of that and the 200 million coins held back are put into a public Uniswap pool, in one transaction that anyone can trigger. The money that lets people trade the coin is then locked by the contract. Nobody can take it out, including the creator and including us.
After that it trades anywhere
The coin is an ordinary token on a public network. You can hold it, sell it, or move it, with us or without us. Nothing about it needs this site any more.
What can go wrong
Most coins created on sites like this one go to zero. That is the normal outcome, not the exception: on the largest site of this kind, 98.6% of coins ended as a scam or a collapse, measured across about 7 million launches by Solidus Labs. Nobody reviews the coins here. The person who created a coin can sell all of theirs at any time, and neither we nor you can stop that. Trades are final, and there is no support line that can get your money back. Only spend what you are ready to lose completely.
Every fee this site charges, and where each one goes, is set out on the fees page.
Words you will see
Wallet
Your wallet is the account that holds your coins. Only you can move what is in it.
What to do: Connect it once. We never see it and we cannot move anything in it.
Launch price curve
The price goes up automatically as people buy, and down as people sell. There is no order book and nobody setting the price.
Think of a staircase. Every purchase moves the price up one step, and every sale moves it back down one.
What to do: Buying early means a lower price. It also means fewer people have bought, so there is more risk.
Moving to the open market
When a coin raises enough, it moves off this launch curve onto the open market, and anyone can trade it anywhere.
What to do: Nothing is required from you. If you hold the coin, you keep holding it.
Network fee
A small payment to the network for processing your transaction. It goes to the network, not to us.
What to do: You need a little ETH in your wallet to cover it, even when you are only buying a small amount.
The first few seconds
For about three seconds after a coin is created, buying it costs extra. The extra amount falls to nothing over that window.
What to do: Wait a few seconds and you pay the ordinary price. None of the extra is paid to us: it is held for this coin and becomes part of its own trading pool later.
Price movement allowance
Prices here move fast. This is how much the price can move between pressing Buy and your order landing, before we cancel it.
Like telling a taxi driver you will pay up to 10% more if traffic is bad, but no more than that.
What to do: You do not need to change this. We set it for you based on how busy the coin is.
Price impact
How much your own order moves the price.
What to do: Buy a smaller amount if this is large.
Creator owns
The share of all coins held by the person who created it.
What to do: If the creator owns a large share and sells, the price drops sharply.
How easy it is to sell
How much money is available on the other side of a trade. Low liquidity means selling can move the price a lot against you.
What to do: Check this before you buy something large.
Market cap
The value of every coin that exists, added together, at today's price. It is a size, not an amount of money anyone has put in.
What to do: Do not read it as a promise. A high market cap does not mean you could sell at that price.
Approval
Your wallet is asking you to approve this.
What to do: Check the amount and the coin name match what you expect, then approve.
Recovery phrase
These 12 words are the only way back into your wallet if you lose this device.
What to do: Write them down on paper. Anyone who sees them can take everything. We will never ask you for them.