Abstract
Smart Contract
The ChartGPT contract enables automatic price determination and an autonomous liquidity mechanism for tokens on our smart contract blockchains. These tokens will have one or more connectors to a network that hold balances of other tokens, allowing users to instantly purchase or liquidate their ChartGPT Token directly through the tokenโs contract, at a price that is continuously recalculated to balance buy and sell volumes. In this manner, we managed to create the advantages of our Smart Contract:
Continuous liquidity - Users can always buy or sell tokens in the network directly through the smart contract, even when there are only a few or no other buyers or sellers in the market. Because prices adjust to conversion size, there is always some price at which a token may be converted;
Adjustable price sensitivity - The leverage provided by the continuous liquidity makes the price of the ChartGPT Token less sensitive to short-term speculation or sudden turbulence caused by large orders; and
Predictable prices - Where the price algorithm is completely transparent, allowing users to pre-calculate the effective price of their desired conversion before executing a conversion.
We believe the unique properties of the ChartGPT make it attractive for various use cases, ranging from providing more reliable trading infrastructure for existing tokens to enabling completely new ones forms of innovative token market initiatives.
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