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

# Transfer Restrictions

During the curve phase, tokens can only move **between you and the Launchpad contract** — that is, buys and sells. You cannot send them to another wallet or list them anywhere.

This is a protection, not a limitation: it stops anyone from seeding a fake pool before the Launchpad lists, then using that pool to distort the opening price at everyone else's expense. See [Edge Cases & Price Protection](/liberty-launchpad/edge-cases-and-price-protection.md) for the related safeguards against price manipulation.

The restriction is lifted **automatically** at [graduation](/liberty-launchpad/graduation.md).