Method and device for controlling a cryptocurrency
OwnerAlexander Poddey, Ricky Lambertyinventors
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Abstract
A method for controlling a cryptocurrency based on a bonding curve predefined for a rate of the cryptocurrency. In the method, in a commercial transaction involving the cryptocurrency, a shift of the curve to be applied is calculated based on a previous course of the rate. The curve is integrated and the rate for the commercial transaction is set based on the curve and on a predefined bid-ask spread. The course is updated. Effects of the commercial transaction on the rate are established and taken into account.
Claims10
A method for controlling a cryptocurrency based on a bonding curve predefined for a rate of the cryptocurrency, the method comprising the following steps:
- in a commercial transaction involving the cryptocurrency, calculating a shift of a curve to be applied based on a previous course of the rate;
- integrating the curve and setting the rate for the commercial transaction based on the curve and on a predefined bid-ask spread;
- updating the course;
- and
- establishing and taking into account effects of the commercial transaction on the rate.
A non-transitory machine-readable memory medium on which is stored a computer program for controlling a cryptocurrency based on a bonding curve predefined for a rate of the cryptocurrency, the computer program, when executed by a computer, causing the computer to perform the following steps:
- in a commercial transaction involving the cryptocurrency, calculating a shift of a curve to be applied based on a previous course of the rate;
- integrating the curve and setting the rate for the commercial transaction based on the curve and on a predefined bid-ask spread;
- updating the course;
- and
- establishing and taking into account effects of the commercial transaction on the rate.
A device configured to control a cryptocurrency based on a bonding curve predefined for a rate of the cryptocurrency, the device configured to:
- in a commercial transaction involving the cryptocurrency, calculate a shift of a curve to be applied based on a previous course of the rate;
- integrate the curve and setting the rate for the commercial transaction based on the curve and on a predefined bid-ask spread;
- update the course;
- and
- establish and take into account effects of the commercial transaction on the rate.
Dependencies are inferred from the claim text.