• Signals that could feed into PAMMs:
    • First order: stock-based pricing
      • e.g. TEC ABC, where the price is determined by token supply and reserve assets
        • Challenge: no tokens can be created outside of the PAMM - how could this work for mutual credit systems?
    • Second-order: flow-based pricing
      • e.g. HoloFuel Reserve Accounts, where the price is determined by the hosting productivity over some period and the financial flowthrough of that same period