Initial CORNY Offering (ICO)

CORNY Bonding Sale:

Overview

The CORNY Bonding Sale is a token distribution mechanism designed to allocate 20% of the total CORNY token supply (200,000,000 CORNY) to participants through a time-limited bonding model. The sale employs a quadratic pricing curve to reward early participation and ensure a balanced allocation of tokens. This document outlines the technical details of the sale process, including equations, mechanisms, and examples to accommodate both novice investors and technical analysts.

ICO Date: TBA

Key Parameters

• Total Supply: 1,000,000,000 CORNY

• Sale Allocation: 20% of total supply (200,000,000 CORNY)

• Minimum Buy: 0.0001 BTC

• Sellback Fee: 30%

• Timer Cap: Maximum 150 hours

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Pricing Model

The bonding sale uses a quadratic pricing curve to determine the price of CORNY as the quantity purchased increases. This model incentivizes early participation by offering lower prices at smaller quantities.

Pricing Equation

The price of CORNY is determined using the equation:

(y = ax^2 + b)

Where:

• : Price per CORNY (BTC)

• : Quantity of CORNY purchased (in millions)

• : Quadratic coefficient

• : Base price (minimum starting price)

Example Prices

Using the above equation:

Investor Order	Price per CORNY (BTC)	Price per Million CORNY (USD)	Total Raise (USD)
1	0.00010	100.00	100.00
2	0.00014	140.00	240.00
3	0.00019	190.00	430.00
4	0.00026	260.00	690.00
5	0.00035	350.00	1,040.00
6	0.00046	460.00	1,500.00
7	0.00059	590.00	2,090.00
8	0.00074	740.00	2,830.00
9	0.00091	910.00	3,740.00
10	0.00110	1,100.00	4,840.00
11	0.00131	1,310.00	6,150.00
12	0.00154	1,540.00	7,690.00

If we extrapolate this out we can see that the final price will become $400,100 per million CORNY with a final MC of $400,100,000.00

Please note you do not need to purchase 1M CORNY per buy. You only need to purchase 0.00010 BTC in value and current rate per M will be calcuated to deteremine your allocation.

The supply is capped at 1 Billion CORNY (max supply and total supply). Rewards are reduced to prevent yield farming from ever exceeding 1 Billion.

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Sellback System

The CORNY bonding sale includes a sellback system designed to stabilize the token's price and discourage speculative dumping during the sale period.

Key Features

1. Sellback Fee:

   • A 30% fee applies to all sellbacks during the bonding sale.

   • This fee discourages investors from flipping tokens immediately after purchase, promoting price stability.

2. Active Only During the Sale:

   • The sellback system is operational exclusively during the bonding sale window of 150 hours.

   • Once the sale concludes, investors can trade CORNY freely on the open market without incurring the sellback fee.

3. Fee Distribution:

   • Fees collected through sellbacks are allocated to:

     • Staking rewards for long-term holders.

     • Liquidity pools to support DEX trading.

     • Treasury reserves to sustain the platform’s operations.

Example Sellback

• An investor sells 1 million CORNY during the bonding sale for $1,500:

  • Sellback Fee (30%): $450

  • Net Amount Received: $1,050

  • The $450 fee is redistributed as described above.

Benefits

1. Price Stabilization:

   • The sellback fee reduces speculative activity, ensuring a more stable price during the bonding sale.

2. Liquidity Support:

   • Redistribution of fees bolsters liquidity in DEX pools, benefiting the broader market.

3. Incentivizing Holding:

   • The high sellback fee encourages investors to hold their CORNY tokens, reducing immediate sell pressure.

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Total Raise Potential

The total raise depends on the amount of CORNY sold and the corresponding price at each quantity level. Examples for different sale scenarios:

Scenario	CORNY Sold (Millions)	Total Raise (BTC)
50% Sold	100	~3,634.67
100% Sold	200	~8,970.67
200% Sold (Overbuy)	400	~19,528.27

Sale Mechanics

Participation

1. Minimum Buy:

   • Investors can purchase a minimum of 0.0001 BTC worth of CORNY.

   • This ensures accessibility for small-scale investors.

2. Timer Cap:

   • After every buy, a 4hour countdown until sale end will begin.

   • Every new buy will reset the timer.

   • The timer is capped at 150 hours.

   • The sale will continue until the timer runs out.

   • Any remaining unsold tokens after this period will not be distributed.

3. Sellback Fee:

   • A 30% fee applies to any tokens sold back to the platform, discouraging immediate selling and promoting price stability.

Benefits of the Bonding Sale Model

1. Early Participation Rewards:

   • Lower prices are available for earlier investors, encouraging early buyers.

2. Dynamic Pricing:

   • The quadratic pricing model ensures that the price increases progressively, balancing demand and supply.

3. Accessibility:

   • A low minimum buy-in ensures participation from a broad audience, including small investors.

4. Anti-Dumping Mechanism:

   • The 30% sellback fee discourages speculative dumping, creating a more stable market post-sale.

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Risk Considerations

1. Price Volatility:

   • The quadratic pricing model results in rapid price increases as more investors participate. Investors should plan their purchases accordingly.

2. Timer Cap Limitations:

   • Any unsold tokens after 150 hours will not be available for purchase, potentially excluding late participants.

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Conclusion

The CORNY Bonding Sale is an innovative mechanism designed to balance early participation incentives, price discovery, and market stability. By using a quadratic pricing curve and incorporating mechanisms like sellback fees and timer caps, the sale aims to provide fair access while protecting the token’s value.

For additional questions or detailed analysis, please refer to the FAQ or contact the Corn Hub support team.