They studied $sato , taking on two fronts: the internal market and the secondary market. When the secondary market price is low, you can go to the secondary market to buy coins. When the mint price is low, you can go to the official website to get coins through minting. At the same time, the official website handles the final backstop, serving as your ultimate exit liquidity.

As long as the secondary market price is pushed up—higher than the official website’s minting price—the secondary market price and the official website price will gradually synchronize, ultimately moving toward being “fully filled.” After reaching full capacity, the official website no longer mints coins; the official website’s weight decreases, and it only remains responsible for providing your final exit liquidity. You can treat it as an “insurance margin.”

Entering the second stage, the price is advanced purely through consensus in the secondary market. If, in the second consensus stage, the secondary market price crashes and falls below the official website’s buyback/recovery price, then everyone will definitely prioritize selling to the official website. At this point, the official website both provides your final exit liquidity and, as an added feature, triggers a destruction mechanism.

That’s my personal understanding for now—if you have any additions, feel free to leave a comment. #sato