Tokens & Allocation
RABBIT
Contract: 0xe665B8185F697F215cD6cAc8c19FE9E1d849D6de
The RABBIT token is designed to be used as a medium of exchange. The built-in stability mechanism in the protocol aims to maintain RABBIT's peg to 1 Fantom (FTM) token in the long run. Initial supply will be 43,000. 1,000 RABBIT will be allocated to various community incentive programs, and 42,000 RABBIT will be allocated to the Genesis pool rewards.
Note that RABBIT actively pegs via the algorithm, it does not mean it will be valued at 1 FTM all times as it is not collaterized . RABBIT is not to be confused for a crypto or fiat-backed stablecoin.
BUNNY
Contract: 0x5Ede4cbA2C30EEd50043cE35163A906AD44E2503
BUNNYs are one of the ways to measure the value of the MyRabbitFarm Protocol and shareholder trust in its ability to consistently maintain RABBIT close to peg. During epoch expansions the protocol mints RABBIT and distributes it proportionally to all BUNNY holders who have staked their tokens in the Nest (boardroom).
BUNNY has a maximum total supply of 50,001 tokens distributed as follows:
Treasury/DAO Allocation: 2500 BUNNYs vested linearly over 12 months
Team Allocation: 2500 BUNNYs vested linearly over 12 months
Rewards: 45000 BUNNYs are allocated for incentivizing liquidity providers in two farming pools for 12 months
Initial mint: 1 BUNNY minted upon contract creation for the initial pool
You will need BUNNYs to mint our NFTs, which will offer long-term utility within our gaming ecosystem
RBOND - RABBIT Bonds
Contract: 0x1d3598001cD639ff0f8ca7161f5325431bbDFfb7
The main purpose of RABBIT Bonds (RBOND) is to help incentivize changes in RABBIT supply during an epoch contraction period. When the TWAP (Time Weighted Average Price) of RABBIT falls below 1 FTM, RBONDs are issued and can be bought with RABBIT at the current price. Exchanging RABBIT for RBOND burns RABBIT tokens, taking them out of circulation (deflation) and helping to get the price back up to peg. These RBONDs can be redeemed for RABBIT 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 RABBIT when it is above peg, helping to push it back toward the 1 RABBIT to 1 FTM.
Unlike early algorithmic protocols, RBONDs do not have expiration dates.
All RBOND holders will be able to redeem their RBOND for RABBIT tokens as long as the treasury has a positive RABBIT balance, which typically happens when the protocol is in epoch expansion periods.
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