> For the complete documentation index, see [llms.txt](https://mutagen.gitbook.io/mutagen/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://mutagen.gitbook.io/mutagen/initial-distribution.md). # Initial Distribution (EV Pool) **Introducing Expected Value Pool (EVP):** * Blind distribution 😎 * No bonding curve 🐟 * Pricing based on the expected value of the remaining pool 🤝 #### Inspiration We believe bonding curves can induce great deal of FOMO and are mostly optimised for profit, not fairness. On the other hand, fixed prices do not reflect the content. With this in mind, we built EVP, where the minting price depends on the total value **remaining in the pool**. #### How it works If someone draws a Genesis from the pool (rare and more valuable), it will decrease the total value of the remaining pool. Therefore, it lowers the price for the next collector accordingly. **Example**: let's say there are 101 NFTs that can be minted from the pool: * 1 rare NFT with a price of 10 ETH * 100 common NFTs with a price of 0.1 ETH So, the price of minting 1 token from the pool is (1 × 10) + (100 × 0.1) / 101 \~ 0.198 ETH. Once the 10 ETH token gets bought out from the pool, the price falls to a flat 0.1. On the other hand, as more 0.1 ETH tokens get bought up, the price will rise, since you'll have a higher chance of getting the 10 ETH token. ![](/files/-Mfg6UUI1YYtLInlb598) --- # Agent Instructions This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com. ## Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter, and the optional `goal` query parameter: ``` GET https://mutagen.gitbook.io/mutagen/initial-distribution.md?ask=&goal= ``` `ask` is the immediate question: it should be specific, self-contained, and written in natural language. `goal` is optional and describes the broader end goal you are ultimately trying to accomplish on behalf of the user. GitBook uses it to tailor the answer towards what is most useful for that goal. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.