Max Supply

The token supply amount at which no additional tokens can be minted on the curve.

When a token economy expands to its max supply, the mint function of the bonding curve is effectively turned off, and token price will be determined primarily through secondary market exchange, allowing the token price to rise as far as the market will sustain it. It is worth noting that the redemption function could still remain active beyond the max supply point, in the event that sufficient sell pressure in the token economy should result in a contraction of the token supply. In that way, the bonding curve can still act as a sell-side guardrail on token price, while allowing unfettered upside price discovery on secondary markets.