# How Hybrid Drops Work ### **Summary** Hybrid Drops are an innovative mint type that allow creators to launch a new NFT collection and SPL token that are sold on a bonding curve and linked together by our swap program. Users have flexibility to trade tokens, mint NFTs, swap between tokens and NFTs, or re-roll their NFTs for other NFTs in the swap escrow. Once the bonding curve reaches a market cap of 400 SOL, a liquidity pool for the token is created on Orca for open trading across exchanges. Swap and re-roll will continue to be available via the project's mint page after the bonding curve is complete. ### **Collector Experience** What actions can users take pre-graduation?
What user holdsActions available
SOLMint NFTs, Buy Tokens
TokensSell Tokens, Swap to NFTs
NFTsSwap to Tokens, Re-roll NFTs, Sell NFTs on Secondary
* Collectors can buy/sell tokens & mint NFTs from the bonding curve until the project graduates. After graduation, users can buy/sell tokens and NFTs on secondary marketplaces such as Jupiter and Tensor. * Swap to NFTs and Re-roll NFTs give users a random, already minted NFT from the swap escrow account. Users cannot swap to or re-roll for NFTs that are in the candy machine. * NFTs can't be "unminted" so they can't be directly sold back to the bonding curve, but you can swap to tokens then sell tokens to curve or list on secondary. * Token to NFT swap rate is fixed and never changes (Tokens per NFT is 800M / # of NFTs) ### **Graduation Details** * Once the bonding curve reaches the migration point (400 SOL marketcap), 100 SOL and 200M tokens are automatically sent to Orca to seed a liquidity pool for the token * Any remaining tokens and NFTs are added to the swap escrow at migration * Users can use any defi exchange or secondary marketplace to trade tokens and NFTs after migration (Truffle links out to Jupiter and Tensor) * Swaps and Re-rolls will remain live on the Truffle project page indefinitely post-migration