> For the complete documentation index, see [llms.txt](https://university.blobble.xyz/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://university.blobble.xyz/bst-token-information/token-mechanics/bst-price-action.md).
# BST Price Action
The price of BST is calculated using a simple formula:
* **Divide the total bnUSD locked in the BST minter contract by the total BST supply**
This formula is utilized every time BST tokens are minted or burned, ensuring a transparent and fair pricing mechanism.
*For instance, if the treasury holds $500 bnUSD and there are 500 BST tokens in circulation, the price of BST would be $1 ($500 รท 500)*
The price adjusts accordingly as more BST tokens are minted or redeemed, benefiting all existing holders. Check out the total supply and amount of holders right [here](https://tracker.icon.community/token/cxf14dea1cff7ceb29a46e6d04533a08f84441e41d).
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