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📈 Trade ​

BuildKey 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 Redemption Upgrade ​

Additionally, key-to-asset redemption ratio increases with the project’s mkt cap. The more BuildKey purchased, the more redeemable asset per BuildKey. Once the ratio upgrades, it will be auto applied on all BuildKey, including the redeemed BuildKey.

3. Fair Launch: Early Key Raffle ​

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

📌 TLDR ​

  • Within the first 3 minutes 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 Fair Launch Raffle consists of key cost and anti-bit deposit, both of which are 100% refundable upon unselected/failed transactions.

  • Key Cost: No further actions needed. Automatically refunded instantly after the raffle ends.
  • Anti-Bot Deposit: Complete anti-bot PoH verification and claim manually on-chain through Dashboard_Claim All button. Within ~2 minutes, the deposit refund process will be displayed in Dashboard_Deposit Track here.

The rules may be further adjusted according to community feedbacks. Stay tuned.

📖 Mechanism ​

Within the first 3 minutes 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 100 keys. 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 shortly after. 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 shortly after for their key cost. The deposit is designed to prevent bots, hence should be claimed manually on-chain. First-time users will be required to complete Proof of Humanity (PoH), a one-time process to verify eligibility for future claims. Complete either one of the below requirements to be eligible for claiming deposit:

4. Calculation of Market Cap ​

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