Each time HEGIC tokens will be acquired using the bonding curve contract, the ETH-HEGIC swap transaction will be increasing the price of HEGIC token for a fixed value. This value is called a bonding curve multiplier or a slope. The multiplier will be hardcoded into the HEGIC bonding curve contract and couldn’t be changed in the future. The multiplier is 0.00000000001 ETH.
As token holders buy and sell HEGIC tokens using the bonding curve contract, the price increases or decreases. The contract itself is used as a price oracle.
The initial HEGIC token price will be hardcoded into the bonding curve contract and will be equal to the last (settlement) price on IBCO. The amount of HEGIC tokens that will be allocated on the bonding curve contract: 662,642,175 HEGIC (22% of total supply).
If a token holder wants to swap her HEGIC token for ETH using the bonding curve contract, she will pay a 10% swap fee on this transaction. 5% of this fee will be distributed among active HEGIC staking lots and 5% will be allocated in the Hegic Development Fund.
With a fixed multiplier of 0.00000000001 ETH hardcoded into the bonding curve contract the final price of HEGIC token will be: 662,642,175 * 0.00000000001 + Start Price.
When the last token (662,642,175th) will be acquired on the bonding curve contract, the fully diluted market capitalisation of the Hegic protocol will be: 3,012,009,888 * Last Bonding Curve Price in ETH * 367 (ETH Price).