Tokenomics
Information on our tokens - $MINER and $EUSD
- WMiner will be available to swapped 1:1 with SMiner after the Pre-Genesis Pools end.
- SMiner will be airdropped to wallets that hold WMiner on a 1:1 ratio on 17th Sep UTC.
- SMiner is the primary token that will be used during the pre-gen pools.
- Single Stake SMiner to earn more SMiner.
- When Pre gen pools end, you can swap sMiner for Miner in a 1:1 ratio.
- $MINER is our share token, whose price tends to be directly proportional to the value of our protocol Excavate Finance.
- Max Supply: 100,000.
- Gets emitted only through farms.
- Token Distribution
- Presale - 20,000
- Farming Rewards - 50,000 emitted over 6 months
- Community DAO Treasury - 10,000 sent at launch to have the community become and remain the largest whale.
- Ecosystem Grants - 10,000 vested over 6 months and distributed to other projects that build on top of $EUSD.
- Team Wallet - 10,000 vested over 6 months to incentivate the team.
- $EUSD is our algorithmically pegged token that aims to be 1:1 pegged with $BUSD.
- Max Supply: ∞
- Gets emitted through the boardroom and genesis pools.
- EBOND are special tokens that are issued by the treasury as an instrument to stabilise the price of $EUSD.
- Max Supply: ∞
- Workings - Bonds get minted and issued during times of 75% of the price stability bot's health as a proactive measure of bringing its health back up. EBONDs can be claimed as $EUSD with a premium once its health returns to >110% of the target health.
Last modified 5mo ago