š§āš«Price of Bits
The bonding curve is subject to final changes before the launch of BSD Gambit.
The price of Bits is determined by a dynamic function. This allows the reward of early buyers as they identify skilled players sooner than others. The price of a gamer's Bit (in ELS) follows the function:
In the above formula, p(n) or s(n) represents the purchase or selling price of a player's Bit denoted in ETH, where:
(1) n represents the circulating number of Bits of the gamer,
(2) F(V) is a dynamic function that sets the starting price of the gamer's Bits, which is only relevant for new gamers who have not yet sold any Bits.
F(V) is a dynamic growth function, which we label as dynamic market index (DMI), which sets the starting price of the first Bit in circulation and converges to 10 (ELS) in the limit:
(1) C is a constant set at 1 and represents the floor,
(2) D is a constant set at 10 and represents the ceiling,
(3) V is the total volume from trading Bits in the entire protocol over the past week and is denoted in ETH volume.
Bonding Curve of Bits
Below is a visual representation of the first 50 Bits of a player. Each net purchase of a bit increases the supply or total Bits in circulation.
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