> For the complete documentation index, see [llms.txt](https://docs.socialhood.app/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.socialhood.app/terminal-launchpad/graduation.md).

# Graduation & Airdrop

Graduation is the moment a token proves it's real — and the moment its creator's key holders get paid.

## The target

A token graduates when its **market cap holds ≈ $45,000**, denominated in its pair:

| Pair             | Graduation target                                                  |
| ---------------- | ------------------------------------------------------------------ |
| ETH              | 24 ETH market cap                                                  |
| USDG             | $45,000 — exact, forever                                           |
| Tokenized stocks | The $45,000-equivalent in that stock, set when the pair is enabled |

## How graduation is verified — no oracle, no admin

The escrow reads a **30-minute TWAP (time-weighted average price) directly from the Uniswap pool** and computes market cap from it. That means:

* A single-block price spike **cannot** trigger graduation — the average has to hold.
* There is no price oracle, no API, no multisig vote. The pool itself is the truth.
* `poke()` is **permissionless** — anyone can trigger the graduation check. The Terminal shows a "Target hit — trigger graduation" button when the spot mcap crosses the target.

Once graduated, always graduated. It cannot be reversed by anyone.

## The airdrop — 2.5% to key holders

At launch, the creator's **key holders were snapshotted**: each holder's share of the 2.5% airdrop is proportional to the keys they held, committed onchain as a merkle root. Nothing that happens after launch changes it.

After graduation:

1. Each key holder **claims** their share with a merkle proof (the app fetches proofs automatically).
2. Claims stay open for a **30-day window**.
3. After the window, anything unclaimed is **swept and burned** (`0xdEaD`) — permissionlessly. Unclaimed tokens don't leak to anyone; they leave circulation.

The escrow contract has **zero admin functions** over graduation, claims, or the burn. Nobody — not even Socialhood — can redirect an airdrop.


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