The token bonding curve (TBC) mechanism is implemented by a smart contract that creates its own market without relying on exchanges. TBCs manage the buying and selling of "Continuous Tokens" (price is continuously calculated) with a mathematical formula that defines a relationship between price and token supply. When a person has purchased the token, each subsequent buyer will have to pay a slightly higher price for each token. As more people find out about the project and buying continues, the value of each token gradually increases along the bonding curve. The adaptive supply of a Continuous Token (tokens are newly minted when purchased and removed from circulation when sold) is a unique and enabling feature which allows for the supply to adjust to demand and for tokens to be continuously available for purchase at predictable prices. To find out more please read our white paper

MultiChain’s native currency is be used for block rewards to miners. One unit of native currency is given for each new block a miner creates. Therefore, the total number of native currency the miner holds is equal to the number of blocks they have created. Miners transfer this native currency to the admin node in order to swap for BASE tokens. The admin node burns the native currency and then sends a transaction to the smart contract on Terra Classic to pay the miner BASE tokens. The reward to miners at the start of the private blockchain is 10 BASE tokens per unit of native currency. However, it is expected that fewer than 10 BASE tokens per unit of native currency will be issued in the future as the price of BASE increases. Currently, miners can claim rewards immediately. However, they will be subject to the same 21-day unstaking period as regular buyer and sellers.

"Airdrop" is a free distribution of a certain number of digital tokens to a wide audience. Typically, companies or projects that issue cryptocurrencies or tokens use airdrops as a way of promoting and distributing their digital assets. Airdrops may require recipients to take certain actions, such as joining a mailing list, following on social media, or meeting other specific requirements to receive the free tokens.

The SEC has stated that proof-of-work (POW) coins/tokens (such as Bitcoin) are a commodity and therefore are outside the SEC's jurisdiction. However, proof-of-stake (PoS) could be classified as "investment contracts" subject to securities laws. This would entail extensive disclosure requirements and adherence to consumer protection regulations. The BASE token has adopted a POW blockchain (base_chain) where approved miners generate blocks and create BASE tokens. Once created, the BASE tokens are transferred to the Terra Classic POS blockchain for swaps and utility. To avoid reinventing the wheel, The LBUN Project has selected the Multichain platform to create and manage the POW base_chain. To find out more please read our white paper