SORA

A token bonding curve is a smart contract that takes the input of some token and outputs a new token. This creates a plethora of possible variations to drive an exciting area of research, but in SORA we use a simple model where there are two linear functions: a Buy-Price Function and a Sell-Price Function.

In simple words, the token bonding curve is essentially an infinitely liquid, decentralized central bank. At any time, you can buy newly minted XOR from the token bonding curve using some specific reserve assets, or sell your XOR tokens (which are instantly burned) for one of those assets.

Furthermore, because the token bonding curve's pricing functions slope upwards, the price increases with the token supply. Keep always in mind that with a token bonding curve, XOR price and supply are correlated, and they move accordingly.