i think most people missed what sato is. they read "bonding curve" and pattern-matched to https://t.co/iyHIe0mwDD: when will it bond???
itβs more than that.
sato is an experiment in what bitcoin's issuance could look like, on a modern chain
BITCOIN issuance: miners burn electricity, get bitcoin:native. the energy is gone, wasted energy, and the protocol gets nothing
SATO issuance: buyers spend ETH on a curve, get ethereum:0x829f4b62eebe12af653b4dd4ffc480966f7d7f09. the ETH goes into the contract reserves, which would act as a buy when others sell
to add that BITCOIN has no burns. every coin minted stays in circulation forever.
in SATO, every sell to the curve burns supply. every round trip makes sato scarcer.
put together:
- minting new SATO funds the protocol's reserves, acting as buy-wall
- sellers reduce the supply
- the curve might never bond. it might just keep running while supply tightens and reserves grow
this isn't a memecoin lifecycle, it's a bitcoin issuance model
a different one than Bitcoinβs, but with the same ethos
Keep seeing people in groups missing out on that random mooner that pops on a dead chain because they're too lazy to bridge..
@covetrade fixes this:
β 1 balance
β every chain
β zero bridging
https://t.co/n1NTc7OT7t