How does the NAV of the BAP influence the token price?

Although the current net asset value (NAV), i.e. the total value of all assets in the blockchain asset pool (BAP), and the current token price are not formally linked, there is a correlation.

The currently traded price of the IVO token multiplied by the total number of tokens in circulation ( the market cap of the IVO bond) is always proportional to the NAV of the BAP.

However, the price of the IVO token is defined on the exchanges or on the market by supply and demand. While the NAV displays the current value of the BAP, the market cap is based on the expectation of how the market and trading of INVAO will determine the further performance of the BAP.

At the end of the bond's maturity, the market cap and the NAV converge, as each IVO token represents a portion of the BAP.