Mechanism Paper
Last updated
Last updated
80% of tokens are placed on the bonding curve, and the price is determined by the following exponential bonding curve:
Where:
is the price of the token at a given point
is the initial price of the token
is the constant which is used to define the token's intended price range along the bonding curve
is the percentage of tokens sold (ranging from to )
We established the following price range based on three key criteria:
Should provide sufficient purchase opportunities to many small retail participants
Locked liquidity should exceed $10k
Memeable price points (69420!)
The simulation resulted in these optimal parameters:
The total liquidity gathered after the bonding curve sale will amount to , excluding additional trading fees (currently at 1%).
Given that is and tokens are deployed to the CPAMM, of liquidity should be added to the V2 pool to establish consistent pricing between the bonding curve's final price and the CPAMM supply price. The remaining S after the liquidity provision will be retained by the protocol.