Overview
The GumBall minting process works a bit differently than traditional NFT platforms. While the price to mint a gNFT is always 1 GBT, the price of the GBT for each collection is dynamically controlled by a bonding curve. This means, in terms of ETH or other base currency, the price to mint a gNFT increases with each subsequent purchase, and decreases with each subsequent sale back to the curve. It is impossible to fully mint a gNFT collection, as the last GBT in the curve will have an infinite cost. Rather than minting out, a GumBall collection reaches equilibrium between price and market demand. Trading activity around this equilibrium generates ongoing revenue for creators and stakers and extends the longevity of a collections trading life.
Last modified 1mo ago