> For the complete documentation index, see [llms.txt](https://docs.teaproject.org/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.teaproject.org/_3_token/bonding-curve-tokens.md).

# Bonding Curve Tokens

A bonding curve is a mathematical concept used to describe the relationship between price and the supply of an asset. As supply in the bonding curve increases, the price also has a commensurate increase.

The TEA Project features two types of investment tokens issued on bonding curves:

* A TApp uses bonding curves to issue their [TApp tokens](/_3_token/bonding-curve-tokens/tapp-tokens.md).
* A CML node will also issue separate [CML bonding curve tokens](/_3_token/bonding-curve-tokens/cml-mining-tokens.md).

These are investable tokens that may be purchased from the **Investments** tab in the TEA browser wallet as explained further [here](/_3_token/bonding-curve-tokens/tapps-tokens-list.md).

The bonding curve tokens have a [theta %](/_3_token/bonding-curve-tokens/bonding-curve-theta.md) associated with them as well as [supply & demand values](/_3_token/bonding-curve-tokens/tapp-token-supply-and-demand.md) that are determined by a curve.

![Bonding-Curve](https://user-images.githubusercontent.com/86096370/167538641-45c498a2-7ab1-428a-9ecd-b37a051bb9d2.png)