> For the complete documentation index, see [llms.txt](https://elements-organization-2.gitbook.io/ift/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://elements-organization-2.gitbook.io/ift/trading-an-ift.md).

# Trading an IFT

IFTs are traded in a decentralized and transparent manner. The protocol leverages a bonding curve for early-stage trading and transitions to a Uniswap v2 AMM pool once the token reaches a predefined threshold. This dual-stage approach ensures fair pricing, accessibility, and scalability.