BONDS
Three pricing models for penny-press token economics. Each bond class defines how price and reward behave as supply grows. The class controls the curve. The series controls when dividends flow.
ALICE BOND
Fixed price, decaying reward. Always costs one penny to press. Early pressers get exponentially more tokens. Pure pay-to-mint: issuer retains 0 tokens. All 10M tokens are distributed via presses. Issuer keeps the penny as vendor revenue — no equity, no royalty percentage. Not a security. Each press re-prices the entire portfolio on paper.
Press #1 gets 100,000 tokens. Press #1,000 gets 3,160. Both paid a penny. The penny goes to Alice. The tokens go to the presser.
BOB BOND
Increasing price, fixed reward. The cost to press grows with each press but you always get the same number of tokens. Early buyers pay less for the same equity. Creates genuine price pressure.
Press #1 costs 1p for 1,000 tokens. Press #100 costs 10p for 1,000 tokens. Same equity, rising price.
CHARLIE BOND
Both price and reward are variable. Nothing is fixed. Nothing is safe. The market finds its own equilibrium — or doesn’t. Price moves with demand, reward moves with supply. Maximum speculation surface area. The most interesting bond. The most dangerous.
True bonding curve. Both axes move. The spread between price paid and tokens received widens over time. Early buyers win twice. Late buyers lose twice. Here be dragons.
COMPARISON MATRIX
| BOND | PRICE | REWARD | SPECULATION | BEST FOR |
|---|---|---|---|---|
| ALICE | FIXED (1p) | DECAYS | HIGH (EARLY-MOVER) | CONTENT, BLOGS, CREATIVE WORK |
| BOB | INCREASES | FIXED | VERY HIGH (PRICE + POSITION) | LAUNCHES, HYPE CYCLES, MEMECOINS |
| CHARLIE | VARIABLE | VARIABLE | MAXIMUM (HERE BE DRAGONS) | DEFI, BONDING CURVES, SPECULATION |
SERIES VARIANTS
The class controls the curve. The series controls when dividends flow.
Dividends from each press go straight to all existing holders immediately. Issuer only receives dividends if they hold tokens (purchased like anyone else). Real-time income.
Your dividends don't unlock until the NEXT person presses. Creates a chain: Alice pays, Bob's press triggers Alice's dividend. Incentivises sharing.
Dividends accumulate in a pool until a threshold is reached, then distribute all at once. Reduces dust transactions. Bigger payouts, less often.
Every blog post on b0ase.com uses an Alice Bond (n+0). Press the $ button on any post.