TBC Implementation
Last updated
Last updated
The BASE token is implemented using the “CW-20 bonding” smart contract. The assumptions are that there will be 200 million BASE tokens (Supply) minted on demand and the price of each BASE token in LUNC (Reserve) will increase as more BASE is minted. BASE's TBC is defined by the following points:
The following chart illustrates the BASE bonding curve. The curve is well known in the business/scientific fields as the “Sigmoid” curve. It shows a project's growth over time, with a slow start, rapid growth, and eventual leveling off. Supports can use it to make informed decisions about where to invest their money. If a project is in the rapid growth phase, it may be a good time to invest for high returns, while a project in the maturity and stability phase can provide a stable return on investment. It is important to note that community activity is the only method of moving along the curve as this is a fund-raising effort. It is expected that the BASE price point will continuously move thereby generating the funds to support the community driven LUNC burn.
