Course Content
Blockchain Series #1
About Lesson

Welcome to this brand new course about blockchain. In this course, and in the upcoming ones, we will make you familiar with everything you need to know about blockchain. We will also teach you some of the latest blockchain coding skills so that you can enter the fascinating world of decentralized applications.

In this video, we will learn about Token Pricing System smart contract. The smart contract represents a bonding curve token implementation, where users can buy and sell tokens following a predefined bonding curve formula. The bonding curve is defined by two coefficients, A and B. The contract extends the ERC20 standard, allowing for token transfers and balances. The general idea behind the smart contract is to provide a mechanism for users to purchase tokens by sending a specified amount of Ether (ETH) to the contract. The amount of tokens received is determined by the bonding curve formula, which takes into account the current supply of tokens and the value of A. The price per token increases as the supply of tokens in circulation grows, creating a dynamic pricing mechanism.

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