Bonding curve basics


Hi @thibauld, I am trying to identify the key aspects of CO and have some questions, I wonder if you can share your perspective on these:

  • Why is it important that the buy price is monotonically increasing on the number of tokens? Even with a constant token price, there should be one point in which investors would consider not worthy to keep pouring money in the CO.

  • Why is it important to have a non-zero sell curve? Zero is just a number as any other, and investors might think that losing 90% of their investment or 100% is practically the same.

  • Why is the revenue used to mint new tokens and distribute them among current token holders instead of just distributing the revenue among current token owners?

Thanks! looking forward to learn more and understand the many aspects of this approach.