How is the value of bmTON calculated relative to TON?

The value of bmTON relative to TON is determined by the smart contract after each validation round. The calculations consider the staking rewards and platform fees.

bmTON pricing

bmTON/TON token price is continuously calculated by the formulas.

Staking TON:

bmTON amount = TON staked / bmTON price

Unstaking bmTON:

TON amount = bmTON unstaked * bmTON price

bmTON is priced by bemo in TON tokens and is calculated by the formula:

bmTON price = (ton_pool + staking_reward - bemo_fee) / ton_pool

ton_pool – TON tokens in the pool

staking_reward – bemo validation rewards

The bmTON app price accounts for the reward accumulated after each validation round.

Due to the nature of staking, the bmTON app price is constantly growing. The staked token price growth rate equals the TON blockchain staking yield ex bemo protocol fees.

bemo application fee equals twenty percent of the TON blockchain staking rewards. The fee includes the validation and the application services and is charged after every validation round.

For example, if the current price of bmTON is 1.2 TON and the net staking yield is 5% per year, after one year, 1 bmTON will be worth 1.26 TON (1.2 + 0.06).

bmTON is fully backed by the staking pool, consisting of TON tokens participating in validation. This ensures there is no risk of a depeg, meaning the price deviation from its fundamental value is eliminated.