Aspecta Docs

Appearance

📈 Trade ​

Build Key is traded based on a bonding curve. The bonding curve is designed to be "upgradable" to benefit both existing key holders and newcomers.

Bonding Curve

1. Bonding Curve Upgrade ​

As market cap accumulates, the bonding curve will first slows to reduce the costs of newcomers.

Once the market cap reaches a new milestone, the bonding curve evolves into a new stage, bringing in a new increasing opportunity for everyone.

2. Assets Unlock ​

Additionally, project builders can offer project assets, such as tokens, airdrop chances, NFTs, whitelist quotas, to key holders. Such assets can further grow as market cap milestones are reached and the bonding curve upgraded.

3. Fair Launch: Early Key Raffle ​

This mechanism provides everyone with a fair chance to buy early Build Keys and protects communities from robots.

📌 TLDR ​

  • Within the first min after a pool's launch, it takes a "Buy with Raffle" mode.
  • A refundable deposit ($0.5~1 for one key) is required for participation.
  • The raffle randomly selects txns to execute, regardless of the txn order, gas price, and pay price.

💡 Step by step guide ​

https://medium.com/aspecta/build-key-fair-launch-early-key-raffle-0d58948defd6

💵 Refund ​

The cost of failed/unselected orders in the raffle and all deposits are 100% refundable.

  • The cost of keys will be automatically refunded right after the raffle (in 1 minute). You don’t need to do anything.
  • The deposit will be refunded in 48 hours after passing anti-robot checks.

Anti-robot checks are effortless. If you don't satisfy automatic checks, you can also take less than 2 minutes to complete manual checks. Satisfying either of the following will be refunded:

  • For new traders

  • For existing traders

    • If you bought keys before and earned more than 2400 airdrop points, you will be automatically refunded.
    • If you hold an Aspecta Builder Attestation NFT, you will be automatically refunded.

The rules may be further adjusted to provide the best community experience. Stay tuned.

📖 Mechanism ​

Within the first min after a pool's launch, the pool operates in a raffle mode. Traders deposit a refundable fund ($0.5-1 for one key) to place a raffle order.

  1. Each address is limited to 1 order and 200 keys. The pool sells maximal 10000 keys during the raffle. This is to limit robots and protect the benefits of early traders and the remaining traders.

  2. The orders are randomly selected, sorted, and executed after 1 min. That means, traders who participate in the raffle will be equally selected regardless of their gas prices, and whether early or late of their txns.

  3. Failed or unselected orders will be automatically refunded in 1 minute for their key cost. The deposit is designed to prevent robots and will be automatically refunded in 48 hours if satisfy anti-robot checks. See "Refund" for details.

4. Calculation of Market Cap ​

The current supply (total keys hold by traders) multiplied by the price.