Quote from: Ziyi on March 21, 2018, 06:59:01 PM

Quote from: dinoloverpete on March 21, 2018, 04:28:29 PM

This is an interesting concept, so the price isn't actually decided by the free market and can only increase in small increments? What about if someone were to spam many small buy transactions, would that increase the price multiple times and much more than just 1 large transaction?

The Token price is decided by the free market and volume. Token prices get updated after each P3D token purchase so the case you mention here does not work.

Example: I want to spend 10ETH in this

I send 10 transactions of 1 ETH and pay in total 1 ETH in fee --> 10 * (1 * 0.1) = 10 * 0.1 = 1 ETH

or

I send 1 transaction of 10 ETH and pay in total 1 ETH in fee --> 10 ETH * 0.1 = 1 ETH

The transaction fee remains the same because it's a percentage. Since the token price is calculated after EVERY token purchase/sell both ways net in the same amount of tokens.

Added the info about this into the original post.

Right, so the incremental increase is based on a fixed token amount, so each time 1 token is bought it increases incrementally, so 10 tokens would increase 10 increments. Got it, thanks. For what reason would someone buy the coin other than the expectation that others will buy and the price will increase?