Class: Istox::OrderBookPriceTime

Inherits:
Object
  • Object
show all
Defined in:
lib/istox/helpers/order_book_price_time.rb

Class Method Summary collapse

Class Method Details

.allocation(soft_cap, total_supply, investments, decimal_place: 2) ⇒ Object 



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# File 'lib/istox/helpers/order_book_price_time.rb', line 4

def allocation(soft_cap, total_supply, investments, decimal_place: 2)
  # sort by token price desc, and id asc
  investments = investments.sort do |a, b|
    [b[:token_price], a[:id]] <=> [a[:token_price], b[:id]]
  end

  total_supply = ::BigDecimal.new(total_supply.to_s)

  interests = investments
  cutoff_price = 0.0
  total_bid_token = 0.0
  total_allocated = 0.0
  total_unallocated = 0.0
  total_investment = 0.0
  cutoff_price = ::Istox::FMath.round_up(::Istox::FMath.div(soft_cap, total_supply), decimal_place)
  is_cutoff = false

  # return result immediately if no interest
  unless interests.count.positive?
    return { total_supply: total_supply.to_s, total_investment: '0',
             cutoff_price: cutoff_price, total_bid_token: '0',
             total_allocated: '0', total_unallocated: total_supply.to_s,
             interests: [] }
  end

  interests = interests.map do |item|
    bid_token = Istox::FMath.round_down(::Istox::FMath.div(item[:fiat_amount], item[:token_price]), 0)
    total_bid_token = ::Istox::FMath.add(total_bid_token, bid_token)
    allocated = 0.0
    unallocated = bid_token
    unless is_cutoff
      allocated = bid_token
      unallocated = 0.0
      if ::BigDecimal.new(::Istox::FMath.add(total_allocated, bid_token)) >= total_supply
        unallocated = ::Istox::FMath.sub(::Istox::FMath.add(total_allocated, bid_token), total_supply)
        allocated = ::Istox::FMath.sub(bid_token, unallocated)
        cutoff_price = item[:token_price]
        is_cutoff = true
      end
      total_allocated = ::Istox::FMath.add(total_allocated, allocated)
      total_unallocated = ::Istox::FMath.add(total_unallocated, unallocated)
    end
    {
      id: item[:id],
      # user bidding total fiat amount
      fiat_amount: item[:fiat_amount],
      # user bidding price
      bid_price: item[:token_price],
      # total user bidding token derived from fiat_amount / token_price
      bid_token: bid_token,
      # round down allocated token to whole number
      allocated: ::Istox::FMath.round_down(allocated, 0),
      # round up unallocated token to whole number
      unallocated: ::Istox::FMath.round_up(unallocated, 0)
    }
  end

  interests = interests.map do |item|
    investment = ::Istox::FMath.mul(item[:allocated], cutoff_price)
    total_investment = ::Istox::FMath.add(total_investment, investment)

    # each user maximum total investment amount in fiat
    item.merge!(investment: investment)
  end

  {
    # total token supply
    total_supply: total_supply.to_s,
    # total investment in fiat
    total_investment: total_investment,
    # cut off price
    cutoff_price: cutoff_price.to_s,
    # total bid tokens, more than total supply for oversubscribe case
    total_bid_token: total_bid_token,
    # total allocated tokens
    total_allocated: total_allocated,
    # total unallocated tokens
    total_unallocated: total_unallocated,
    # all investor interest results
    interests: interests
  }
end

.prorate_allocation(token_price, min_investment, bid_block, invest_step, hard_cap, interests) ⇒ Object

rubocop:disable Metrics/BlockNesting



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# File 'lib/istox/helpers/order_book_price_time.rb', line 88

def prorate_allocation(token_price, min_investment, bid_block,
                       invest_step, hard_cap, interests)
  # sort by id asc
  interests = interests.sort do |a, b|
    a[:id] <=> b[:id]
  end
  total_interests = 0

  max_allowed_investor = Istox::FMath.round_down(::Istox::FMath.div(
                                                   ::Istox::FMath.div(hard_cap, bid_block), token_price
                                                 ), 0).to_i

  interests.each_with_index.map do |interest, i|
    total_interests = ::Istox::FMath.add(total_investment, interest.fiat_amount) if i < max_allowed_investor
  end

  # only need to handle when oversubscribe
  if total_interests.to_d > hard_cap.to_s.to_d

    # prorate the interests
    interests = interests.each_with_index.map do |interest, i|
      {
        id: interest.id,
        investment: i < max_allowed_investor ? ::FMath.mul(::FMath.div(interest.fiat_amount, total_interests), hard_cap) : '0'
      }
    end

    # do adjustments for interest if needed
    final_interests = interests.map do |interest|
      if interest[:investment].to_d < min_investment.to_d
        # calculate the adjusted amount
        lacking_amount = ::Istox::FMath.sub(min_investment, interest[:investment])
        # if some investor has less than min_investment allocated, auto adjust to min investment
        interest[:investment] = min_investment.to_s

        # must deduct the adjust amount from later book building joiners who has more amount allocated
        # than min-investment
        if lacking_amount.to_d.positive?
          interests.reverse_each do |inner_interest|
            # skip the same interest from deduction candidate
            next unless inner_interest[:id] != interest[:id]

            # when investor investment is higher than min_investment, he will become a candidate to
            # get investment deduction
            while inner_interest[:investment].to_d > min_investment.to_d && lacking_amount.to_d.positive?
              lacking_amount = ::Istox::FMath.sub(lacking_amount, invest_step)
              inner_interest[:investment] = ::Istox::FMath.sub(inner_interest[:investment], invest_step)

              # add back the difference if over deduct an investor invest amount
              if lacking_amount.to_d.negative?
                inner_interest[:investment] = ::Istox::FMath.add(inner_interest[:investment],
                                                                 BigDecimal(lacking_amount).abs)
              end
            end
          end
        end
      end
      {
        id: interest[:id],
        investment: interest[:investment]
      }
    end
  else
    final_interests = interests.each_with_index.map do |interest, i|
      {
        id: interest.id,
        investment: i < max_allowed_investor ? interest.fiat_amount : '0'
      }
    end
  end

  {
    cutoff_price: token_price,
    interests: final_interests
  }
end