> For the complete documentation index, see [llms.txt](https://closer.gitbook.io/documentation/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://closer.gitbook.io/documentation/governance-token/sale-contract.md).

# Sale Contract

Status: Draft, Last Updated: 8 June 2024

The sale contract implements a basic bonding curve function determining the cost of the token (priced in the reserve currency - generally a stable coin). Next iterations of Closer will likely make use of Inverter's Augmented Bonding Curve Module.