As users deposit and invest, the number of holders increases, the value of OCTO also increases. When users withdraw/sell OCTO, the token will be burned and the reduced supply will increase the price of OCTO exponentially.
● Let's explain it with an example:
OCTO prices are calculated according to the 10-second rule. At launch, the initial price of 1 OCTO will be 0.0001 FTM. When the amount of deposits reach above 100,000 FTM, the OCTO value is raised to 0.001 FTM. That means a zero is burned.
Similarly, when the amount of deposits reaches over 1,000,000 FTM into the system, the OCTO value is increased to 0.01 FTM. To achieve the value of 1 OCTO = 1 FTM, the deposit system must reach more than 100,000,000 FTM.
This is how OCTO's pricing mechanism works.