Keys and prices

What is a key?

A key is a tradable token linked to a profile. Holding one gives you access to that profile's private room. Its price changes as people buy and sell.

Prices follow a bonding curve, a formula recorded in the contract:

• The profile owner can buy the first key for 0 ETH.
• Each later key costs more as supply grows.
• Buying increases the next price.
• Selling decreases the next price.

The current quote is shown on each profile before you trade.

Why buy a key?

• Support. Buying a key creates demand for a profile's market.
• Access. Holding a key unlocks the profile's private room.
• Price exposure. Your key may become more valuable if demand rises. It may lose value if holders sell.

Price and fees

Every trade includes a total fee of 10% based on the curve price:

• The curve price determines the market value of the key.
• The profile owner receives a 5% subject fee.
• Sync World receives a 5% protocol fee.

On a sale, the seller receives the curve value minus both fees.

Trade behavior

• You can sell while you hold a key and the market has enough supply.
• The owner's first key remains in the market, so supply cannot fall below one.
• The confirmation dialog uses a live quote. If the market changes before confirmation, the transaction fails instead of accepting a different amount.
• A sell transaction does not accept attached ETH.