# Cards/Polls Trading

The pricing of cards/polls is tied to a specific bonding curve, meaning the price increases as more cards/polls are purchased and decreases with sales.&#x20;

The bonding curve's design incentivizes early participation, if you are early to spot a rising star, you will earn from doing so! Additionally, this pricing structure enables members to predict how their transactions will impact prices.&#x20;

It also guarantees consistent liquidity on the platform since transactions are conducted with smart contracts, contrasting with traditional order book-based trading systems, users are therefore able to buy/sell against our pool at any time, avoiding liquidity problem.

<figure><img src="https://3031525497-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fy9zzRfFEv6fzPSZMJraT%2Fuploads%2FRBlYaNw15QKZoRFD8Ie7%2Fimage.png?alt=media&#x26;token=4aa66e6c-a029-4c6e-a087-ab6f03801d19" alt=""><figcaption><p>We make mulla together serski</p></figcaption></figure>

### ⚛ Atomised Bonding Curve based on price ladder 🪜

Alpha Club's bonding curve design is special, it is designed to **lower minimum purchase unit** at laddered prices, so that users are able to purchase 0.1 or even 0.001 card/poll just to put their skin into the game. (e.g. buying 0.005 Hsaka's club card while enjoying similar % gain as those buying more cards, but less absolute gains). *Club owners can still gate contents based on amount of cards held.*

At price level of 0.025 ETH, 0.2 ETH, and 1.5 ETH, the minimum buying unit of card decreases to 0.1 card, 0.01 card and 0.001 card respectively.&#x20;

* **Bonding Curve's Function =>** *f(price) = (supply^2)/14285.*
* **Price** refers to the current ETH rate at which user can purchase the next card/poll.
* **Supply** refers to the outstanding amount of card/poll that holders currently own.
* **Example =>** Alex bought a card when there's a supply of 50, spending 0.1750 ETH. He then decided to sell the card when supply increased to 100 (representing rising popularity of the club), he **doesn't need to have a buyer**, he sells directly to the smart contract for 0.7 ETH, profiting a staggering 300%.&#x20;

<figure><img src="https://3031525497-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fy9zzRfFEv6fzPSZMJraT%2Fuploads%2FvKa80wfEfwvlI6QJNKYO%2FVisualizing%20Alpha%20Club&#x27;s%20bonding%20curve%20(2).png?alt=media&#x26;token=65a631d6-2639-4dd9-ae14-747ccc15f6be" alt=""><figcaption></figcaption></figure>
