— Story / N°15 · Blockchain & Solana

The story of Super.exchange.

Fixing distribution fairness in the pricing maths instead of bolting on transaction limits.

N°15 · BLOCKCHAIN & SOLANA2025 · 13 weeks (protocol prototype)
01 — The curve everyone used was the exploit

On a standard x·y=k curve, about twenty thousand dollars could buy up to eighty percent of a supply before retail saw the token. The same curve also moved too slowly at the start and too violently later, so the two failure modes sat at opposite ends of one slope and no single adjustment could fix both.

02 — Seven gears

We replaced the single curve with a composite formula, x^n·y=k, whose exponent steps down through seven stages — 32, 16, 8, 4, 3, 2, 1 — as supply is bought. Each stage behaves like a gear change, keeping the curve defensible from micro-cap through to a token worth billions.

03 — Simulate the attack, then price it out

Before anything went on-chain we ran accumulation attacks against every stage and tuned the ladder until the numbers stopped being interesting to an attacker. Buying eighty percent of supply ends up costing roughly forty thousand times the starting price, against about fifteen times on a linear curve.

04 — Permanent, unique, self-funding

The curve never migrates to an external DEX, so there is no graduation cliff and no liquidity-provider withdrawal to rug. Ticker uniqueness is enforced on-chain, killing duplicate-ticker impersonation. Fees tier by market cap from 1% down to 0.25%, half of them funding automated buyback-and-burn on a five-minute contract cycle.

“We told them the bonding curve was broken. They came back with maths instead of a rule.”
— Founding team, Super.exchange
— Epilogue

Launch-window activity climbed over 500% in twenty-four hours, with the Super Curve as the platform's core technical IP.