Bonding curve tokens are, unlike ICO, not driven by the market, but priced by a smart contract.
They are based on the following two main properties :
Limitless supply : Tokens are minted as the demand progresses.
Deterministic price : Price is determined by the token smart contract and increases with the supply. Basically, the more holders there are the higher is the price. Conversely, when holders sell back the token to the contract, price decreases.
Here is my question : Can we compare this kind of token to a ponzi scheme ? Why ?