# Introduction
## Endless Liquidity Wavefront guarantees liquidity by embedding a virtual bonding curve within each token. This Token-Owned Liquidity model ensures that every token in circulation is backed by liquidity, providing a stable floor price and eliminating the need for liquidity providers. This approach allows tokens to launch with zero initial capital while maintaining high liquidity. ## Rising Tides WaveFront uses swap fees and a strict supply control policy to ensure the floor price of tokens always rises. This is achieved through demand-based bonding curve shifts, which aggressively adjust reserves when demand is low, increasing both the floor and market prices. While the floor price only goes up and never down, the market price can fluctuate but will always remain above the floor price. ## Seamless Credit For the first time, borrow directly from your wallet with no need to deposit tokens into a contract. Your tokens remain locked in your wallet as collateral until the debt is repaid. Borrow from the floor price up the curve based on your token holdings, essentially accessing your own liquidity as if you were the last to sell to the bonding curve. This available borrowing amount, referred to as credit, is risk-free with no liquidations, no durations, no interest, and no oracle required. ## Fair Winds Tokens launch with the entire supply on the bonding curve, with no creator allocation. Creators can still benefit by earning a portion of the swap volume, allowing them to earn based on the token's success. Each token launches in a 30-minute premarket phase, where anyone can contribute ETH, which is then used to buy tokens at the same price for all contributors. This fair entry system deters bots from sniping liquidity, as they purchase tokens at the same price as everyone else. ## Opportunity Wavefront offers multiple earning avenues within its ecosystem. Token creators earn a percentage of swap volume. The "Overwrite to Own" mechanism allows users to become owners by paying an increasing fee, earning a percentage of swap volume while they own the token, and gaining a return when overwritten. Affiliates also earn a percentage of swap volume from their referrals. Holding tokens increases their value and borrowing power through bonding curve shifts that increase their liquid backing. ## Community Each token on Wavefront includes a private group chat exclusively for its holders. This fosters a strong community, allowing members to discuss strategies, share insights, and support each other. ## Glossary * Creator: The one who creates a Meme. Earns 0.25% of swap volume. * Owner: The person who wrote the current caption. Earns 0.25% of swap volume. * Overwrite: The action of overwriting someone else's caption and becoming the owner. The cost to overwrite goes up after each overwrite. * Caption: The message attached to a meme. * Wavefront Token (WFT): A token deployed on Wavefront. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://gum-ball.gitbook.io/wavefront-culture-markets/introduction.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.