Token
Last updated
Last updated
Contract: 0xd51a6E76E78F1097d40D267b7aa7892971B2f271
Total Supply: 161 $GRAVE
$GRAVE token is designed to be used as a medium of exchange. The built-in stability mechanism in the protocol aims to maintain $GRAVE peg to 1 Ether (ETH) token in the long run.
Note that $GRAVE actively pegs via the algorithm, it does not mean it will be valued at 1 ETH all times as it is not collaterized. $GRAVE is not to be confused for a crypto or fiat-backed stablecoin.
Contract: TBA
Total Supply: 70 $SKULL
$SKULL ($SKULL) are one of the ways to measure the value of the TombStone Protocol and shareholder trust in its ability to maintain $GRAVE close to peg. During epoch expansions the protocol mints $GRAVE and distributes it proportionally to all $SKULL holders who have staked their tokens in the boardroom.
Contract: TBA
$GRAVE Bonds (GBOND) main job is to help incentivize changes in $GRAVE supply during an epoch contraction period. When the TWAP (Time Weighted Average Price) of $GRAVE falls below 1 ETH, GBONDs are issued and can be bought with $GRAVE at the current price. Exchanging $GRAVE for GBOND burns $GRAVE tokens, taking them out of circulation (deflation) and helping to get the price back up to 1 ETH. These GBOND can be redeemed for $GRAVE when the price is above peg in the future, plus an extra incentive for the longer they are held above peg. This amounts to inflation and sell pressure for $GRAVE when it is above peg, helping to push it back toward 1 ETH.
Contrary to early algorithmic protocols, GBONDs do not have expiration dates.
All holders are able to redeem their GBOND for $GRAVE tokens as long as the Treasury has a positive $GRAVE balance, which typically happens when the protocol is in epoch expansion periods.
