BlockBeats News, May 7th. The official team behind the Meme coin sato on Ethereum today released a new version of the mechanism whitepaper, providing a detailed explanation of the Bonding Curve operation logic. The document clearly states that sato's Bonding Curve is not a fully symmetric exchange system. User minting and burning follow different pricing logics, and due to the correction factor's impact, the burn price is structurally lower than the mint price, resulting in a price difference even with immediate consecutive operations.

The sato team defines the Curve as the "Issuance System + Buyer of Last Resort," rather than a fully redeemable backstop mechanism. Its core functionality is divided into two stages: initially focusing on token issuance and then transitioning to an on-chain buyback mechanism when secondary market liquidity is low.

Previously, community developers pointed out a misalignment between ethCum and totalMintedFair in the sato Hook, leading to users experiencing "buy high, sell low" scenarios. While some ETH remains in the reserve pool, it cannot be entirely redeemed through the sell pathway.

According to GMGN data, the market capitalization of the Meme coin sato on Ethereum reached a high of $38.5 million today before plummeting over 60%, with the market cap currently standing at $14.8 million.

BlockBeats Note: Meme coins are highly volatile, heavily reliant on market sentiment and concept hype, lacking real value or utility. Investors should be cautious of the risks involved.