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Dynamic Pricing

How Origin Mincast calculates token prices algorithmically


Overview

Prices in Origin Mincast are not set by humans or market makers. They’re calculated by a mathematical formula based on real-time supply and demand — all backed by real reserves.


The Two Prices

Origin Mincast always displays two prices:

PriceWhat It MeansBehavior
Current PriceWhat you pay/receive nowGoes up with buying, down with selling
Floor PriceGuaranteed minimumOnly goes up, never down

Current Price = Floor Price + Market Premium

The market premium reflects current demand. When demand is high, premium is large. When demand is low, current price approaches floor.


How Prices Move

Mincasting (Buying) → Price Goes Up

When you mincast tokens:

  1. Your WEUSD enters the reserve pool
  2. New tokens are minted for you
  3. The reserve-to-supply ratio changes
  4. Both current price and floor price tend to increase

Mincast Impact

Melting (Selling) → Price Goes Down

When you melt tokens:

  1. Your tokens are burned
  2. You receive WEUSD from the reserve
  3. The reserve-to-supply ratio adjusts
  4. Current price decreases, but floor stays protected

Melt Impact


The Bonding Curve

Origin Mincast uses a bonding curve — a mathematical relationship where price increases as supply increases.

Bonding Curve Behavior

Key insight: The curve is designed so that:

  • Buying moves you up the curve (higher price)
  • Selling moves you down the curve (lower price)
  • Floor acts as a bottom rail that never drops

Actual Transaction Price vs. Displayed Price

⚠️ Important: The price you see is the instantaneous price. Your actual transaction price may differ.

Why?

When you buy a significant amount, you’re not just buying at one price point — you’re buying along the curve:

Slippage and Price Impact

Slippage Protection

To protect against unexpected price movements:

  • Set a maximum slippage when trading
  • Transaction reverts if price moves beyond your limit
  • Recommended: 1-3% for normal trades

What Affects the Price?

FactorEffect on Current PriceEffect on Floor
More mincasting↑ Increases↑ May increase
More melting↓ Decreases→ Stays same
Raise triggered↓ May decrease*↑ Increases
Fees collected↑ Increases↑ Increases
APY distributed↑ Increases↑ Increases
Only burn↑ Increases↑ Increases
Realize→ No effect→ No effect

* Note: When a Raise happens, the current price might temporarily dip because value is transferred from price premium to floor support. However, this is a feature — you’re getting more floor protection.


Raise Events and Price Resets

When buying activity reaches certain thresholds, a Raise event triggers:

Before Raise

Before Raise

After Raise

After Raise

The trade-off: Slightly lower current price for significantly higher guaranteed floor. This is good for holders because:

  • Your downside is now limited to $1.40 instead of $1.00
  • The floor can never go back down
  • Long-term value is locked in

True Market Price Discovery

Why Origin Mincast Pricing is Fair

PropertyHow It Works
AlgorithmicNo humans setting prices
TransparentFormula is open source
ImmutableParameters fixed at launch
BackedEvery price point has real reserves

Comparison: Origin Mincast vs. Traditional Markets

AspectOrder BooksAMM DEXOrigin Mincast
Price SourceBid/AskPool ratioAlgorithm + reserve
ManipulationPossiblePossibleVery difficult
Price FloorNoneNoneBuilt-in
Large TradesNeed liquidityHigh slippagePredictable impact

Summary

ConceptDescription
Current PriceMarket-driven, can fluctuate
Floor PriceReserve-backed, only increases
Bonding CurveMathematical price discovery
Raise MechanismLocks value into floor
TransparencyAll calculations verifiable on-chain

Origin Mincast pricing is designed to be fair, predictable, and protective — giving traders confidence that the market is honest and their downside is always limited.


Next Steps

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