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Initial Stage: A song called "Sun Walking" starts at the base price of 0.0002 BNB.
Gaining Popularity: Over a week, the song garners attention and receives 1,000 votes from the community.Price increase = 1,000 votes x 0.000002 BNB/vote = 0.002 BNBNew price = Initial price + Price increase = 0.0002 BNB + 0.002 BNB = 0.0022 BNB
Peak Popularity: In the subsequent week, the song goes viral and gets an additional 5,000 votes.Price increase = 5,000 votes x 0.000002 BNB/vote = 0.01 BNBNew price = Previous price + Price increase = 0.0022 BNB + 0.01 BNB = 0.0122 BNB
Stabilizing Popularity: As weeks pass, some users decide to sell their votes, let's say 2,000 votes are sold.Price decrease = 2,000 votes x 0.000002 BNB/vote = 0.004 BNBNew price = Previous price - Price decrease = 0.0122 BNB - 0.004 BNB = 0.0082 BNB
This dynamic pricing mechanism ensures that the value of a song on the Sonorus platform is always a direct reflection of its popularity and the community's sentiment. It encourages users to scout potential hits early and rewards them as the song gains traction.