OBOL is a pegless algorithmic token. The protocol’s new Perpetual Print mechanism will mint OBOL no matter the relative price. We have found great success in other protocols which implemented buy/sell taxes, and we will be using those to both support burning and auto LP mechanic as well as reduce the impact of auto-compounders on the token prices.
OBOL does not have a maximum total supply cap. 100, 000 OBOL will be minted initially:
- 10,000 OBOL will be used for seed liquidity partially, rest will be sent to Protocol Fund to control supply and feed BoilerRoom Module!
- Emission of OBOL will be revolving around 1% daily, but can be adjusted to a range of 0.1% up to 10% daily depending on demand and market conditions - elastic supply will be in play.
OBOL has a 10% sell tax and a 0% buy tax in order to maintain constant growth in value!
OBOL has elastic supply feature embedded in it, which means it will be constantly burned and minted as desired to keep healthy growth and reduce unnecessary expansion!
Note that OBOL is not pegged to any asset. Up to 20% of OBOL emissions can be set to go to Protocol Fund. Up to 5% of OBOL emissions can be set to go to team fund.
SMELT (BSHAREv2) is one of the ways to measure the value of the BASED Next gen Protocol and shareholder trust in Perpetual Print Mechanism. During every epoch the protocol mints $OBOL and distributes it proportionally to all $SMELT holders who have staked their tokens in the Boardroom (Acropolis v2).
SMELT has a 10% sell tax and a 10% buy tax
SMELT has a maximum total supply of 90,000 tokens distributed as follows:
10,000 SMELT will be minted for Bshare - FTM LP redemptions in Exchange.
80,000 SMELT will be allocated to Smelt Reward Pool (~110 Smelt per day emission)
- Team Allocation: 10% of all Emissions linearly vested over 2 years
- Protocol fund Allocation: 10% of all Emissions linearly vested over 2 years
- Remaining SMELT are allocated for incentivizing Liquidity Providers in two share pools for 2 Years.
Avoid 10 % Buy tax on $SMELT by redeeming $BSHARE-FTM LP for a limited time while supply lasts in Exchange (Katastima v2) (Check announcements for updates)
Sell tax is incorporated to avoid auto-compounders constantly selling bits of SMELT! Based Labs will inject our own auto-compounder that will give you no sell tax on SMELT!
Seed Liquidity for SMELT will be added at rate 10:1 of Bshare market Price!
(amount of bshare-ftm lp tokens you need to swap for 1 Smelt token)