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Blockasset Whitepaper
  • BLOCKASSET WHITEPAPER
    • BLOCKASSET WHITEPAPER
    • CONTENTS
  • ATHLETE TOKENS INTRO
    • THE PROBLEM
    • THE SOLUTION
    • WHY NOW?
    • MARKET POTENTIAL
    • OUR VISION
    • OUR ATHLETES
  • ATHLETE TOKEN ECONOMY
    • HOW IT WORKS
    • NFT ACCESS
    • ATHLETE TOKEN LAUNCHPAD
    • TOKEN SWAP - Block-Ex
    • ATHLETE MARKET CAP
    • ATHLETE TOKENS - DEFLATION
  • ATHLETE HUBS
    • INTRO
    • EXPERIENCE STORE
    • NFTs
    • TRADE TOKENS
    • Social Feed
    • GOVERNANCE
    • CHAT
  • USER EXPERIENCE
    • SOCIAL SIGNUPS
    • FIAT GATEWAY
    • USER PROFILE
    • SOLANA AND METAPLEX
  • Staking
    • TOKEN STAKING
    • NFT STAKING
  • NFT MARKETPLACE
    • NFT MARKETPLACE
    • LEGENDS NFTs
  • BLOCK TOKEN
    • BLOCK TOKEN UTILITY
    • TOKEN ALLOCATIONS
    • TOKEN VESTING
    • BLOCK TOKEN - DEFLATION
  • REVENUE MODEL
    • THE PLATFORM REVENUE MODEL
  • INVESTORS, ADVISORS, TEAM
    • INVESTORS
    • ADVISORS
    • TEAM
  • Disclaimer
    • DISCLAIMER
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  1. ATHLETE TOKEN ECONOMY

HOW IT WORKS

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Last updated 3 years ago

Blockasset is using to do permissionless launches of their athlete tokens so they are immediately tradable. No need for market makers or liquidity providers. Strata seamlessly handles the supply and the liquidity.

While this sounds complex, from a fan perspective it’s as easy as clicking “buy”.

This is accomplished using an Automated Market Maker (AMM) called a .

The best way to visualize this process is with poker chips. Imagine there is a cash register. When you put dollars into the register, the cashier gives you chips (tokens). When you return the tokens, the cashier gives you dollars back. When you give Strata Protocol $BLOCK, it gives you Athlete tokens. When you sell them back to the protocol, it gives you $BLOCK. The more of the athlete token in circulation, the more $BLOCK it costs to purchase a token and the more $BLOCK you receive by selling tokens.

Athlete tokens are currently priced on a square root curve. This means the price is related to the square root of the total supply of athlete tokens. Here’s a visualization:

The launch day prices may differ, but the curve will have the same shape.

Strata Protocol
bonding curve