> For the complete documentation index, see [llms.txt](https://coresky-1.gitbook.io/coresky-docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://coresky-1.gitbook.io/coresky-docs/5.2-price-curve-and-mechanics.md).

# 5.2 Price Curve & Mechanics

MemeKeys follow a **bonding curve pricing model**, meaning the price of a MemeKey increases with every new purchase and decreases with every sell. The bonding curve ensures:

* **Price discovery** through real demand
* **Anti-whale fairness** by disincentivizing massive buy-ins early
* **Built-in liquidity** via smart contract logic

There is no order book or limit order function—purchases and sales are executed instantly at the curve price.