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create a new token, which will be bound to the real asset
So that
positive influence on the protocol
Input parameters
Slug / Short title
Initial supply
By default 0
Equation / Logic generates price
Format: y = (1/1337) x + 1
Binding assets
USA Dollars
Gold
Silver
etc
Binding via Oracle
List of input assets
By default, all supported assets can be swapped to the token
Address of technical account to accumulate 20% of margin function between Buy and Sell the token
Result
In blockchain, we have the opportunity: to create a token, update a token, and delete a token.
A new token is available to be swapped via the XYK pool
The margin function between Buy and Sell the token is 20%.
20% of the quantity bought from the buy function is reserved for different players in the SORA network:
1% goes to buyback-and-burn VAL.
9% use is decided by VAL holders, but mainly for liquidity provision.
0.1% is given to citizens.
0.4% is given to stores and shoppers.
0.5% is used to buyback-and-burn TBCD.
9% is used for projects.
80% of the input reserve assets are stored in collateral in input tokens.
20% of the input reserve assets are used to buy back and burn TBCD.
Token Bonding Curve
Slug: TBC Initial supply of TBC: 0 Equation of the TBC: y = (1/1337) x + 1 Binding assets: USD Input assets: All available in SORA
Token Bonding Curve - Gold
Slug: TBCG Initial supply of TBC-GOLD: 0 Equation of the TBC-GOLD: y = (z/1337) x + z, where z = 1 oz of XAU (Gold ounce) Binding assets: XAU Input assets: All available in SORA
Token Bonding Curve - Silver
Slug: TBCS Initial supply of TBC-SILVER: 0 Equation of the TBC-SILVER: y = (z/1337) x + z, where z = 1 oz of XAG (Silver ounce) Binding assets: XAG Input assets: All available in SORA
Definition of Done
Opportunity to create a new token via the universal platform
Created TBC
Created TBCG
Created TBCS
The text was updated successfully, but these errors were encountered:
As a
SORA user
I want to
create a new token, which will be bound to the real asset
So that
positive influence on the protocol
Input parameters
Result
Token Bonding Curve
Slug: TBC
Initial supply of TBC: 0
Equation of the TBC: y = (1/1337) x + 1
Binding assets: USD
Input assets: All available in SORA
Token Bonding Curve - Gold
Slug: TBCG
Initial supply of TBC-GOLD: 0
Equation of the TBC-GOLD: y = (z/1337) x + z, where z = 1 oz of XAU (Gold ounce)
Binding assets: XAU
Input assets: All available in SORA
Token Bonding Curve - Silver
Slug: TBCS
Initial supply of TBC-SILVER: 0
Equation of the TBC-SILVER: y = (z/1337) x + z, where z = 1 oz of XAG (Silver ounce)
Binding assets: XAG
Input assets: All available in SORA
Definition of Done
The text was updated successfully, but these errors were encountered: