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In Mission 2, Degen Dogs will use a DEGEN tipping allowance to automatically mint ERC20 bonding curve tokens on Degen Chain via Mint Club. Here are some details on the options available on MintClub: https://docs.mint.club/learn/bonding
The questions are 1) what "type" of curve?, 2) how steep should the curve be? and 3) should there be buy and/or sell "taxes" to shape incentives?
The answers depend largely on our unique usage. Degen Dogs will likely have a DEGEN tipping allowance of 10,000 DEGEN per day, and will use all or most of it to automatically mint the MintClub token on Degen Chain. This will happen daily. So we will be DCAing our way up the curve with predictable amounts and and on a predictable schedule <-- this knowledge may influence the trading behavior of others with respect to buying(minting) or selling(burning) the token. Also important is that the tokens minted daily from the tipping allocation will not be available to sell immediately -- rather, they will be upgraded to Super Tokens and streamed to a Pool of NFT(Dog) holders over a period of time (maybe 90, 180, or 365 days). This acts as a form of vesting and reduces sell pressure ... but only for Dog holders. Other users, including individual Dog holders if they choose, can buy or sell the token without the streaming/vesting constraints. Goals: we want to encourage others to buy/mint the token but we don't want to incentivize selling in a way that could be harmful to NFT holders who are patiently waiting for their tokens to stream/vest, who are able only to sell a limited amount that has already been streamed to them.
Given this context, the questions remain: 1) what "type" of curve?, 2) how steep should the curve be? and 3) should there be buy and/or sell "taxes" to shape incentives?
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In Mission 2, Degen Dogs will use a DEGEN tipping allowance to automatically mint ERC20 bonding curve tokens on Degen Chain via Mint Club. Here are some details on the options available on MintClub: https://docs.mint.club/learn/bonding
The questions are 1) what "type" of curve?, 2) how steep should the curve be? and 3) should there be buy and/or sell "taxes" to shape incentives?
The answers depend largely on our unique usage. Degen Dogs will likely have a DEGEN tipping allowance of 10,000 DEGEN per day, and will use all or most of it to automatically mint the MintClub token on Degen Chain. This will happen daily. So we will be DCAing our way up the curve with predictable amounts and and on a predictable schedule <-- this knowledge may influence the trading behavior of others with respect to buying(minting) or selling(burning) the token. Also important is that the tokens minted daily from the tipping allocation will not be available to sell immediately -- rather, they will be upgraded to Super Tokens and streamed to a Pool of NFT(Dog) holders over a period of time (maybe 90, 180, or 365 days). This acts as a form of vesting and reduces sell pressure ... but only for Dog holders. Other users, including individual Dog holders if they choose, can buy or sell the token without the streaming/vesting constraints. Goals: we want to encourage others to buy/mint the token but we don't want to incentivize selling in a way that could be harmful to NFT holders who are patiently waiting for their tokens to stream/vest, who are able only to sell a limited amount that has already been streamed to them.
Given this context, the questions remain: 1) what "type" of curve?, 2) how steep should the curve be? and 3) should there be buy and/or sell "taxes" to shape incentives?
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