Tokenomics Model

Bonding Curve Offering (BCO) is an innovative method of token issuance and distribution that differs from traditional models.

• Dynamic Pricing: In BCO, the token price is not fixed but changes depending on supply and demand. The price is determined by a mathematical formula known as the "bonding curve".

• Continuous Emission: Tokens are not issued in advance in a fixed quantity. Instead, they are created (minted) or burned in real-time as users buy or sell them.

• Automatic Liquidity: BCO ensures constant liquidity, as users can always buy or sell tokens at a price determined by the curve.

• Transparency: All emission and pricing rules are set by a smart contract and visible to all participants.

• Fair Distribution: BCO allows avoiding the concentration of tokens in a small group of early investors, which often occurs with ICOs.

• Incentivizing Long-term Participation: Since the token price increases with the increase in their circulation, early participants are incentivized to hold tokens longer.

• Flexibility in Setup: Developers can choose different forms of bonding curves to achieve desired economic effects.

• Gradual Community Development: BCO allows the project to organically grow its user base and token value over time.

• Volatility Reduction: The BCO mechanism can help smooth out sharp price fluctuations characteristic of many cryptocurrencies.

For White Basics, using BCO aligns with the project's philosophy of democratizing access to memecoins and creating a fair ecosystem. BCO ensures a smooth guaranteed growth in the value of the native White Basics token as the platform develops and the number of users increases, which is consistent with the project's long-term goals.

By mid-2024, BCO is the most flexible and transparent model of coin offering. It allows making the value of tokens being sold predictable and tightly linking the growth in the number of users with the growth of the token price.

White Basics implements the ability for users to purchase White Basics tokens within the framework of iBCO - initial Bond Curve Offering.

The purpose of conducting iBCO is to incentivize early participants, rapidly scale the White Basics platform, and distribute WB tokens among the widest possible circle of community members.

Tokens are distributed according to a curve that links the size of the community, the token price, and the emission volume. iBCOs address problems such as lack of accountability and low liquidity. In iBCO, token prices are not set arbitrarily by the White Basics team or anyone else, but are determined by market demand.

Unlike old token distribution systems, when using iBCO, tokens for open sale are not minted before being released to the market. Instead, they are minted and burned in accordance with the bonding curve. Token emission occurs only if a user buys them on the open market.

The White Basics team pays special attention to forming openness and guaranteed liquidity.

95% of tokens from the total emission will be emitted and distributed within the Initial Bonding Curve Offer.

All this will allow White Basics to create a self-stabilizing structure of token circulation. When building the internal economy, it will allow flexibly regulating the token rate, creating predictable and stable value growth, and balancing internal economic processes.

The stability of White Basics' internal tokenomics is ensured by Bonding Curve Offering, fixed emission, and rapid growth of the internal economy.

Why does White Basics need its own token?

$WB provides economic incentives that are used to encourage participants to contribute to the White Basics ecosystem and internal incentives on the platform. In the White Basics ecosystem, various elements use $WB as a means to align interests between White Basics, memecoin holders, and platform partners. Users buy and redeem $WB to create and promote memecoins. Part of the value created in this way is transferred directly to White Basics as fees to continue funding ecosystem development.

$WB is an integral and irreplaceable part of the White Basics ecosystem because without $WB, this closed loop would be impossible, and the interests of White Basics, memecoin owners, and partners would not be aligned. This is because there would be no incentive for users to spend resources on participating in activities or providing services for the benefit of the entire White Basics ecosystem.

$WB Token Economy

$WB will be distributed in two main phases - through an initial token distribution event in the form of SAFT-NFT, which will freeze early investors' tokens, and through redemption from the Bonding Curve Offering smart contract.

The token distribution event will begin [at the end of the third quarter of 2024] and will consist of two phases: Seed round for early investors and the opening of the Token Bonding Curve (Bonding Curve Offering) for the community.

Seed round

The Seed round will be open to participants from permitted jurisdictions who pass KYC and can contribute a minimum of 21,000 DAI in exchange for $WB tokens locked in SAFT-NFT form. The total vesting period is 270 days, with an initial token release on the 27th day after the pre-sale round closes, followed by a linear release over the subsequent 243 days. 20,000,000 $WB tokens will be distributed at a price of 0.1 DAI per $WB. Funds raised during the Private round will be allocated to ensure successful development of the White Basics platform, which will constitute 2% of the total emission linked in BCO. Thus, the maximum token emission is limited to 1 billion tokens. 98% of them will only be available through the BCO smart contract.

Early investors will have access to an allocation of the first 2% of the total emission. The emission will be distributed proportionally to the investor's participation based on the total amount of investments raised at 2 million USDT.

White Basics is conducting a seed round to raise investments for the project to build a platform for creating, trading, and managing memecoins.

In exchange for investments, investors will receive SAFT-NFT, giving the right to receive platform tokens at a rate of 10 $WB MC for each invested USDT. Lock-up period: 9 months Cliff period: 27 days Vesting: 10% every 27 days after the cliff period.

To protect the interests of early investors in profit-making and the possibility of exiting the project at early stages, tokens will be issued as tradable SAFT-NFTs.

SAFT-NFT will give the right to receive a certain number of White Basics tokens with a set vesting and cliff period.

The SAFT-NFT holder receives tokens according to a set schedule or sells it at any time, transferring the rights to receive tokens to a new owner.

Minimum investment: $21,000 Right to redeem tokens: 10 $WB for each invested dollar Lock-up period: 9 months Cliff period: 27 days Vesting: 10% every 27 days after the cliff period

Investments will be distributed among the widest possible circle of initial investors to avoid concentration of tokens in one hands.

Token Bonding Curve (Bonding Curve Offering) for White Basics community members

The Token Bonding Curve will be open to participants from permitted jurisdictions who pass KYC. There is no minimum contribution to participate in the Token Bonding Curve. Tokens purchased from BCO are not subject to any lock-up or vesting period and can be received immediately after purchase from the Curve. The maximum supply of $WB is 1 billion tokens, distributed through the bonding curve and SAFT-NFT. As the supply increases, the price of subsequent $WB purchased from the Curve increases according to a mathematical function. Similarly, when $WB are sold back to the Curve, the supply of $WB will decrease, and the price of subsequent $WB tokens will decrease.