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| {{KidsIntro|A bonding curve is a rule that decides the price based on how many people join. When more people take part, the price changes in a clear, predictable way written down in advance.}}
| | #REDIRECT [[Gov/en/Portal:R&D/Innovations:Bonding Curve]] |
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| {{NotApproved}}
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| Wiki Core · Concept
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| == The Bonding Curve ==
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| Bonding Curve at a Glance
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| {| class="wikitable"
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| |-
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| | Type
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| | Transparent algorithm
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| |-
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| | Purpose
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| | Credit generation from funding
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| |-
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| | Speculation
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| | ❌ None
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| | Backed by
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| | Real expenses + subscriptions
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| |-
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| | Expert review
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| | [[Gov/en/Portal:R&D/Open-Call:Main|Open Call]]s (math experts)
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| |-
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| | Early multiplier
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| | Up to ×100
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| |-
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| | Growth multiplier
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| | ~×30 at mid-stage
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| |-
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| | See also
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| | [[Gov/en/Portal:Economy/Cash-Rewards|Rewards Explained]]
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| |-
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| | See also
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| | [[Gov/en/Portal:Economy/Main|Why Fund WikiDeal]]
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| |}
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| The bonding curve is the core algorithm that converts funding contributions into Credits. It is a '''transparent, defined algorithm''' — not immutable (it can be updated through [[Gov/en/Portal:R&D/Open-Call:Main|Open Calls]] with mathematical experts), but consistent and publicly documented. It ensures that early funders are rewarded for taking on the highest risk.
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| The bonding curve ensures early funders receive more Credits per CHF — recognizing the risk they take when the platform is unproven.
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| === How the Bonding Curve Works ===
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| The bonding curve relates the current funding reserve level to the Credits generated per CHF contributed. The key principle: '''as the reserve grows, each CHF generates fewer Credits'''. This rewards early participants and creates a natural, non-speculative incentive to fund early.
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| === The Mathematical Formula ===
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| Credits(CHF) = CHF × multiplier(R) Where multiplier(R) is a decreasing function of Reserve R: multiplier(R) = M_max × e^(-k × R) M_max = maximum multiplier (at R=0, e.g. ×100) k = decay constant (determines how fast multiplier drops) R = current reserve level (total CHF in fund) e = Euler's number (≈ 2.718...) Example at R=0 (first funder): CHF 1 → 100 Credits Example at R=50,000 CHF (mid-stage): CHF 1 → ~30 Credits Example at R=500,000 CHF (growth stage): CHF 1 → ~5–8 Credits
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| ⚠️ This calculation will be discussed in Open Calls by mathematical experts. The exact constants (M_max, k) are subject to community review and may be adjusted through the Open Call process.
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| === Text-Based Visualization ===
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| The relationship between reserve and multiplier (illustrative):
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| Reserve (CHF) │ Multiplier (Credits per CHF) ───────────────┼────────────────────────────── 0 │ ×100 ██████████████████████████ 5,000 │ ×80 ████████████████████ 20,000 │ ×50 █████████████ 50,000 │ ×30 ████████ 100,000 │ ×15 ████ 300,000 │ ×6 ██ 500,000+ │ ×2–5 █
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| === Why a Bonding Curve? ===
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| The bonding curve solves a fundamental bootstrapping problem: how do you reward early funders fairly without creating speculation or securities law issues?
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| * '''Early funders take the highest risk''' (platform unproven) → receive highest multiplier
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| * '''Later funders take less risk''' (platform established) → receive lower multiplier
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| * No external market price needed — the algorithm is self-contained
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| * No speculation: Credits are not tradeable on open markets
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| * Transparent: everyone can see the curve and calculate their Credits
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| === Relation to [[Gov/en/Portal:Economy/Cash-Rewards|Cash Rewards]] and [[Gov/en/Portal:Economy/Miles-Credits|Miles Credits]] ===
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| The bonding curve determines the ''total'' Credits generated. The [[Gov/en/Portal:R&D/Innovations:Funding Stabilizer|Balance Boost]] then determines how those Credits are split between [[Gov/en/Portal:Economy/Cash-Rewards|Cash Rewards]] (personal, P2) and the community pool. The bonding curve itself does not determine the Cash/Miles ratio — that is the Boost's job.
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| === Transparency Commitment ===
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| WikiDeal commits to publishing the full bonding curve formula, constants, and historical data. Community members can verify their Credit calculations independently. The formula is defined — not opaque — and any changes must go through an Open Call process with mathematical expert review.
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| '''See also:''' [[Gov/en/Portal:Economy/Cash-Rewards|Rewards Explained]] [[Gov/en/Portal:Economy/Cash-Rewards|Cash Rewards]] [[Gov/en/Portal:Economy/Miles-Credits|Miles Credits]] [[Gov/en/Portal:R&D/Innovations:Funding Stabilizer|Balance Boost]] [[Gov/en/Portal:Economy/Main|Why Fund WikiDeal]] [[Gov/en/Portal:R&D/Open-Call:Main|Open Call Guide]]
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| 💡 '''Improve this concept''' — submit a proposal via [[Gov/en/Portal:R&D/Open-Call:Main|Open Call]]
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