BASED NEXT GEN (V2)
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Tokens

OBOL

OBOL: 0x1539C63037D95f84A5981F96e43850d1451b6216
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 was 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!
Make sure to use Based DEX to AVOID TAX while LP-ing
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.
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SMELT

SMELT: 0x141FaA507855E56396EAdBD25EC82656755CD61e
SMELT 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 .
SMELT has a 10% sell tax and a 0% buy tax
SMELT has a maximum total supply of 90,000 tokens distributed as follows:
10,000 SMELT was 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 three share pools for 2 Years.
Make sure to use Based DEX to AVOID TAX while LP-ing
Sell tax is incorporated to avoid auto-compounders constantly selling bits of SMELT! Redemption formula for OTC exchange while supply lasts:
Seed Liquidity for SMELT will be added at rate 10:1 of BShare market Price!
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1Smelt=(PriceofSmelt/PriceofOneBshareFtmLP)1 Smelt = (PriceofSmelt/PriceofOneBshareFtmLP)
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(amount of bshare-ftm lp tokens you need to swap for 1 Smelt token)
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