HackMD
  • API
    API  HackMD API beta testing
    HackMD API is now in beta, join us for a test drive.
    Getting started Got it
      • Create new note
      • Create a note from template
    • API  HackMD API beta testing
      API  HackMD API beta testing
      HackMD API is now in beta, join us for a test drive.
      Getting started Got it
      • Options
      • Versions and GitHub Sync
      • Transfer ownership
      • Delete this note
      • Template
      • Save as template
      • Insert from template
      • Export
      • Dropbox
      • Google Drive
      • Gist
      • Import
      • Dropbox
      • Google Drive
      • Gist
      • Clipboard
      • Download
      • Markdown
      • HTML
      • Raw HTML
      • ODF (Beta)
      • Sharing Link copied
      • /edit
      • View mode
        • Edit mode
        • View mode
        • Book mode
        • Slide mode
        Edit mode View mode Book mode Slide mode
      • Note Permission
      • Read
        • Owners
        • Signed-in users
        • Everyone
        Owners Signed-in users Everyone
      • Write
        • Owners
        • Signed-in users
        • Everyone
        Owners Signed-in users Everyone
      • More (Comment, Invitee)
      • Publishing
        Everyone on the web can find and read all notes of this public team.
        After the note is published, everyone on the web can find and read this note.
        See all published notes on profile page.
      • Commenting Enable
        Disabled Forbidden Owners Signed-in users Everyone
      • Permission
        • Forbidden
        • Owners
        • Signed-in users
        • Everyone
      • Invitee
      • No invitee
    Menu Sharing Create Help
    Create Create new note Create a note from template
    Menu
    Options
    Versions and GitHub Sync Transfer ownership Delete this note
    Export
    Dropbox Google Drive Gist
    Import
    Dropbox Google Drive Gist Clipboard
    Download
    Markdown HTML Raw HTML ODF (Beta)
    Back
    Sharing
    Sharing Link copied
    /edit
    View mode
    • Edit mode
    • View mode
    • Book mode
    • Slide mode
    Edit mode View mode Book mode Slide mode
    Note Permission
    Read
    Owners
    • Owners
    • Signed-in users
    • Everyone
    Owners Signed-in users Everyone
    Write
    Owners
    • Owners
    • Signed-in users
    • Everyone
    Owners Signed-in users Everyone
    More (Comment, Invitee)
    Publishing
    Everyone on the web can find and read all notes of this public team.
    After the note is published, everyone on the web can find and read this note.
    See all published notes on profile page.
    More (Comment, Invitee)
    Commenting Enable
    Disabled Forbidden Owners Signed-in users Everyone
    Permission
    Owners
    • Forbidden
    • Owners
    • Signed-in users
    • Everyone
    Invitee
    No invitee
       owned this note    owned this note      
    Published Linked with GitHub
    Like BookmarkBookmarked
    Subscribed
    • Any changes
      Be notified of any changes
    • Mention me
      Be notified of mention me
    • Unsubscribe
    Subscribe
    ###### tags: `CommonsConfig` # The Augmented Bonding Curve The Augmented Bonding Curve **(ABC)** is the main economic engine by which we will provide a constant flow of funding to the Commons Initiatives. In this module you'll be tasked to design an ABC which will be the primary market where TEC tokens are bought and sold. The magic of the Augmented Bonding Curve is that whenever a buy or sell order takes place on its market a percentage is sent directly to the funding pool. The percentage taken immediately in wxDAI from buy orders to the curve is the **Entry Tribute**. Conversely, the percentage taken from sell orders is the **Exit Tribute**. This means that for every action on the curve the Commons receives funding to *advance Token Engineering.* The ABC funds two pools: **The Common Pool** holds funds that will be used for realizing the initiatives of the TEC. **The Reserve** backs the value of TEC tokens as they are bought and sold on the ABC. When tokens are bought on the curve the price of TEC goes up, when it is sold the price goes down. During the Commons Upgrade a percentage of the total funds raised from the Hatch is sent to the Common Pool to kick-start the Commons' projects. This percentage is the **Commons Tribute**. ### "What percentage of Hatch funds should go immediately to funding TEC projects?" ![](https://i.imgur.com/FWUE2mU.png) ### "What percentage of every BUY order on the ABC should go to funding the TEC?" | Entry Tribute | ________________ | | ----- | --------- | ### "What percentage of every SELL order on the ABC should go to funding the TEC?" | Exit Tribute | ________________ | | ----- | --------- | ## Testing out the Augmented Bonding Curve Try out your ABC Design using this tool! Choose a reserve balance and how much TEC you want to buy or sell, then experience your Augmented Bonding Curve. Add transactions to the curve, taking note of any potential profits or losses from orders made and how the price of TEC fluctuates in response. Using the Table generated below you can see how much funding for the TEC is generated using the Entry & Exit Tributes you selected. > We'll need to have an error message somewhere if the user tries to sell more TEC than the token supply > User chooses a reserve balance from one of the 5-6 pre-set options or can set their own custom amount ![](https://i.imgur.com/02vFLkj.png) > Add in input for Opening Price and display for Reserve Ratio next to opening price input and graph for the Augmented Bonding Curve > - The first 3 steps are decided by us as the default 'story' users then can add 3 more steps more using input buy/sell amount of their choice > - have a 'larger buy story' graph and a 'larger sell story' graph. users can toggle which graph scenario to view and add point(s) to. The summary table will also update according to which story the user is interacting with > Then at the end we put the summary table that will update as the user adds or removes 'story points' on the curve. <table> <tr> <td>Step # </td> <td>Current Price <p> <em>wxDAI/TEC</em> </td> <td>Amount In </td> <td>Tribute Collected (wxDAI) </td> <td>Amount Out </td> <td>New Price <p> <em>wxDAI/TEC</em> </td> <td>Price Slippage </td> </tr> <tr> <td><strong>Step 1</strong> </td> <td>2.00 </td> <td>200 wxDAI </td> <td>10.00 </td> <td>80 TEC </td> <td>2.83 </td> <td>6.2% </td> </tr> <tr> <td><strong>Step 2</strong> </td> <td>2.83 </td> <td>2000 wxDAI </td> <td>100 </td> <td>704 TEC </td> <td>5.776 </td> <td>104% </td> </tr> <tr> <td><strong>Step 3</strong> </td> <td>5.776 </td> <td>60 TEC </td> <td>67.43 </td> <td>263.48 wxDAI </td> <td>5.42 </td> <td>6.2% </td> </tr> </table> > In the summary page, at the end of the commons config, we'll have a standardized set of buys and sells that will be more helpful for comparing one commons design to another,

    Import from clipboard

    Advanced permission required

    Your current role can only read. Ask the system administrator to acquire write and comment permission.

    This team is disabled

    Sorry, this team is disabled. You can't edit this note.

    This note is locked

    Sorry, only owner can edit this note.

    Reach the limit

    Sorry, you've reached the max length this note can be.
    Please reduce the content or divide it to more notes, thank you!

    Import from Gist

    Import from Snippet

    or

    Export to Snippet

    Are you sure?

    Do you really want to delete this note?
    All users will lost their connection.

    Create a note from template

    Create a note from template

    Oops...
    This template is not available.


    Upgrade

    All
    • All
    • Team
    No template found.

    Create custom template


    Upgrade

    Delete template

    Do you really want to delete this template?

    This page need refresh

    You have an incompatible client version.
    Refresh to update.
    New version available!
    See releases notes here
    Refresh to enjoy new features.
    Your user state has changed.
    Refresh to load new user state.

    Sign in

    Forgot password

    or

    By clicking below, you agree to our terms of service.

    Sign in via Facebook Sign in via Twitter Sign in via GitHub Sign in via Dropbox Sign in via Google

    New to HackMD? Sign up

    Help

    • English
    • 中文
    • Français
    • Deutsch
    • 日本語
    • Español
    • Català
    • Ελληνικά
    • Português
    • italiano
    • Türkçe
    • Русский
    • Nederlands
    • hrvatski jezik
    • język polski
    • Українська
    • हिन्दी
    • svenska
    • Esperanto
    • dansk

    Documents

    Tutorials

    Book Mode Tutorial

    Slide Mode Tutorial

    YAML Metadata

    Contacts

    Facebook

    Twitter

    Feedback

    Send us email

    Resources

    Releases

    Pricing

    Blog

    Policy

    Terms

    Privacy

    Cheatsheet

    Syntax Example Reference
    # Header Header 基本排版
    - Unordered List
    • Unordered List
    1. Ordered List
    1. Ordered List
    - [ ] Todo List
    • Todo List
    > Blockquote
    Blockquote
    **Bold font** Bold font
    *Italics font* Italics font
    ~~Strikethrough~~ Strikethrough
    19^th^ 19th
    H~2~O H2O
    ++Inserted text++ Inserted text
    ==Marked text== Marked text
    [link text](https:// "title") Link
    ![image alt](https:// "title") Image
    `Code` Code 在筆記中貼入程式碼
    ```javascript
    var i = 0;
    ```
    var i = 0;
    :smile: :smile: Emoji list
    {%youtube youtube_id %} Externals
    $L^aT_eX$ LaTeX
    :::info
    This is a alert area.
    :::

    This is a alert area.

    Versions

    Versions and GitHub Sync

    Sign in to link this note to GitHub Learn more
    This note is not linked with GitHub Learn more
     
    Add badge Pull Push GitHub Link Settings
    Upgrade now

    Version named by    

    More Less
    • Edit
    • Delete

    Note content is identical to the latest version.
    Compare with
      Choose a version
      No search result
      Version not found

    Feedback

    Submission failed, please try again

    Thanks for your support.

    On a scale of 0-10, how likely is it that you would recommend HackMD to your friends, family or business associates?

    Please give us some advice and help us improve HackMD.

     

    Thanks for your feedback

    Remove version name

    Do you want to remove this version name and description?

    Transfer ownership

    Transfer to
      Warning: is a public team. If you transfer note to this team, everyone on the web can find and read this note.

        Link with GitHub

        Please authorize HackMD on GitHub

        Please sign in to GitHub and install the HackMD app on your GitHub repo. Learn more

         Sign in to GitHub

        HackMD links with GitHub through a GitHub App. You can choose which repo to install our App.

        Push the note to GitHub Push to GitHub Pull a file from GitHub

          Authorize again
         

        Choose which file to push to

        Select repo
        Refresh Authorize more repos
        Select branch
        Select file
        Select branch
        Choose version(s) to push
        • Save a new version and push
        • Choose from existing versions
        Available push count

        Upgrade

        Pull from GitHub

         
        File from GitHub
        File from HackMD

        GitHub Link Settings

        File linked

        Linked by
        File path
        Last synced branch
        Available push count

        Upgrade

        Danger Zone

        Unlink
        You will no longer receive notification when GitHub file changes after unlink.

        Syncing

        Push failed

        Push successfully