# 1st stage - Bonding curve

<figure><img src="/files/Vzb94W4VWT1New8fPT4I" alt=""><figcaption></figcaption></figure>

After creating [*Zero-Fee Coins*](/zero-fee-coins/what-is-zero-fee-coin.md) or [*Community Coins*](/community-coins/what-is-community-coin.md) on something.cool, the process begins with the **Bonding Curve stage**. This is a classic Bonding Curve, just like the ones you’re already familiar with—no major changes or surprises. During this stage, the mechanics of Zero-Fee Coins and Community Coins remain inactive.

{% hint style="info" %}
During the Bonding Curve stage, the mechanics of Zero-Fee Coins and Community Coins remain inactive.
{% endhint %}

Once the token reaches the hard cap of \~350 $SOL within the Bonding Curve, **liquidity migrates** from something.cool **to CoolDEX**, and at that moment, the Zero-Fee and Community Coin mechanics are activated.

{% hint style="success" %}
The Zero Fee and Community Coin mechanics are activated right after liquidity migration to CoolDEX
{% endhint %}

Trading during both the Bonding Curve stage and on CoolDEX happens on something.cool platform.<br>


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