sora2-network
sora2-network copied to clipboard
[Feature]: Universal platform for new tokens of Token Bonding Curve
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
- 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.
- 20% of the quantity bought from the buy function is reserved for different players in the SORA network:
- 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