Selling Price Mechanism

Selling Price Formula:
  • The selling price for each vote is determined by its purchase price multiplied by a variable price percentage: Selling Price for VoteN = Purchase Price for VoteN * Price Percentage.
Price Percentage Dynamics:
  • The initial price percentage is 0.8, increasing by 2% every 240 blocks (~12 minutes) if there are no sales, up to a maximum of 1 (100%).
Bulk Selling Adjustment:
  • For bulk selling, all votes, except the first, are valued at 80% of their previous price.
Selling Example:
  • If Song A's 1000th vote is valued at 1 BNB, and the user sells 3 votes with the current price percentage at 0.9, the total selling price is: 1 * 0.9 + (0.8 * 0.8) + (0.6 * 0.8).