> For the complete documentation index, see [llms.txt](https://tunakings-organization.gitbook.io/tuna-rwa-docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://tunakings-organization.gitbook.io/tuna-rwa-docs/value-anchoring/price-discovery-mechanism.md).

# Price Discovery Mechanism

## **Launch Strategy**

{% hint style="success" %}
**Fair Launch Approach**: No presale discounts, equal opportunity access

**Initial Liquidity**: $1M+ USDC paired with TUNA on Raydium

**Market Making**: Professional MM with 2% spread maintenance

**Launch Price**: Market-determined via price discovery
{% endhint %}

## Key Token Parameters

| Parameter               | Value / Rule                                                                                                                                                                   |
| ----------------------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ |
| **Token Standard**      | SPL fungible token **TUNA**                                                                                                                                                    |
| **Fixed Supply**        | **1,000,000,000** minted once; no further issuance                                                                                                                             |
| **Anchored Assets**     | <p>• 10 t SBT quota & inventory<br>• ≥ CNY 10 m peptide production capacity<br>• Plasmalogen drug / nutraceutical IP</p>                                                       |
| **Baseline Conversion** | **1 TUNA ≈ 0.01 g** fishing quota ≈ **US $0.0000258** (backed by 10 t inventory)                                                                                               |
| **Value Realisation**   | <p>① “Zero-floor” physical redemption at <strong>1 TUNA : 0.01 g</strong> fish or canned product<br>② ≥ 50 % of net profits channelled to secondary-market buy-back & burn</p> |

## Valuation & Redemption Logic

**Floor-Price Formula**

```
Token Floor = (ITQ tonnage × US$/tonne) ÷ Token Supply
```

Example: 10 t × US $25,280/t ≈ **US $252,800** → Floor ≈ **US $0.00025 / TUNA**

**“Zero-Price-for-Fish” Switch**\
When the CEX-weighted price < 90 % of the computed floor, the smart contract unlocks physical redemption. Tokens redeemed are **instantly burned**.

**Buy-Back Flywheel**

```
Quota Leasing Profit
  + Peptide Sales
  + IP Royalties
      ↓ (≥ 50 %)
  Buy-Back Bot
      ↓
  Market Purchase & Burn
      ↓
  Lower Supply → Higher per-token asset backing
```

## **Supporting Factors**

1. **Fundamental Value**:
   * Asset-backed floor price
   * Revenue-generating operations
   * Real-world utility
2. **Technical Factors**:
   * Limited circulating supply
   * Deflationary tokenomics
   * Staking incentives
3. **Market Factors**:
   * First-mover advantage
   * ESG compliance trend
   * DeFi yield seeking

## **Growth Multipliers**

{% tabs %}
{% tab title="Asset Expansion" %}
**Quota Growth Trajectory:**

* **Current**: 10 tons SBT quota
* **Q4 2025**: 50 tons (5x expansion)
* **Q2 2026**: 100 tons (10x expansion)
* **Q4 2026**: 500 tons (50x expansion)

**Value Impact**: Each 10-ton addition = +$0.0002528 floor price
{% endtab %}

{% tab title="Revenue Streams" %}
**Multiple Income Sources:**

1. **Quota Leasing**: $700K annually (stable 3% yield)
2. **Fish Sales**: $2.5M annually (market-dependent)
3. **Peptide Products**: $10M annually (60% margins)
4. **IP Licensing**: $5M annually (90% margins)

**Buyback Impact**: ≥50% net revenue = continuous token burns
{% endtab %}

{% tab title="Market Premium" %}
**Scarcity Premium Factors:**

* Limited global TAC (Total Allowable Catch)
* Australia holds only 35% of global quota
* MSC certification creates sustainability premium
* First-mover advantage in fisheries tokenization
  {% endtab %}
  {% endtabs %}