Quote from: necromastery on Today at 08:34:30 PM

Quote from: Flater on November 17, 2020, 10:23:30 PM

We currently don’t plan a public ICO, our token will be distributed for free to our users. However we also have in the pipe other way to make the distribution at the beginning.

Huh, so will be distributed for free. But I wonder how was the plan? through airdrop? If yes, I want to get notice once the form is displayed somewhere;D
Great that this token will not be distributed to all addresses that currently holding some eth inside like the most bad airdrop technique, those who get their tokens are short-lived and never have a price.

It’s not for free it’s more complex.
Basically the option pricing theory give a fair value to an option.
To calcule a fair value the basic model for example is Black And Scholes which requiere the computation of implied volatility.
Implied volatility is a parameter extracted from the option price on the market.
So without an existing market you can use proxy to price the option.

We use an advanced methodology based on artificial intelligence to price the option.
The option has it’s own price in the Uniswap pool.

If the price in the Uniswap pool is below the price we calculate as the fair price, we will compensate by distributing KIBO our governance token.

This token will be used for the governance but later be used to pay the premium of the option when you want to buy an option.

We will boost the amount of token distributed at the beginning to gain traction in the project.