What is Base price?

Base price is a stock-based price for one token. It is a point of comparison. It is not a price you are promised.

We take the midpoint of the stock bid and ask. Then we use the token’s currentMultiplier, which says how many shares one token tracks.

stock midpoint = (bid + ask) / 2
Base price = stock midpoint × currentMultiplier

Sample

The bid is $199. The ask is $201. One token tracks 0.5 shares.

Base price = ((199 + 201) / 2) × 0.5 = $100

Next

Check share and token scale.