# Price (TRUMPET)

<figure><img src="https://3816700771-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FcUY7fvbkMLxJxjiAEIyT%2Fuploads%2FNgBCmm15wKIsJnEHhiHv%2FTrumpet%202.PNG?alt=media&#x26;token=bec087f7-0823-4f3b-975e-9ae03bfcee7d" alt=""><figcaption></figcaption></figure>

Price shows the current value of Trumpet when compared to Trunk.\
\
The price of Trumpet is always quoted as a ratio between Trunk & Trumpet

{% hint style="info" %}
Trumpet price is calculated with the following formula:\
\
Trumpet = Backed Supply (Trunk) / Circulating Supply (Trumpet)
{% endhint %}

By design, the Trumpet price will only ever go up.