Tokens
Learn about the tokenomics of the Airbrick 2.0 ecosystem and its seigniorage protocol.
Last updated
Learn about the tokenomics of the Airbrick 2.0 ecosystem and its seigniorage protocol.
Last updated
The aUSD token is designed to be used as a medium of exchange. The built-in stability mechanism in the protocol aims to maintain aUSD's peg to $1 BUSD in the long run.
There will be 4 main use cases for the aUSD: 1- Use aUSD to provide liquidity in our Liquidity Pool (LP) to earn aUSD tokens 2- After the first 2500 Airbrick 2.0 Share NFTs are minted, the only acceptable currency to mint an Airbrick 2.0 Share will be Airbrick 2.0 USD (aUSD). This alone will create great utility for the token and will absorb a tremendous, if not all, amount of selling pressure. 3- The only token used for buying or selling ROCKS on our NFT Marketplace once launched, will be Airbrick 2.0 USD (aUSD). 4- Use Airbrick 2.0 USD (aUSD) for bookings on any property from the Airbrick's Portfolio and get up to 25% discount. Right now aUSD can already be used in Liverpool and Manchester. The project plans to expand to other major cities around the globe, bringing even more value to the community.
Note that the aUSD actively pegs via the algorithm, it does not mean it will be valued at 1 $USD at all times as it is not collateralised. aUSD is not to be confused with a crypto or fiat-backed stablecoin.
Airbrick 2.0 Share NFTs (ROCKS) are one of the ways to measure the value of the Airbrick 2.0 Protocol and shareholder trust in its ability to maintain Airbrick 2.0 USD (aUSD) close to peg. During epoch expansions the protocol mints aUSD and distributes it proportionally to all Airbrick 2.0 NFT shareholders who have staked their ROCKS in the Boardroom.
Airbrick 2.0 NFT holders have voting rights (governance) on proposals to improve the protocol and future use cases within Airbrick 2.0's ecosystem.
Our Airbrick 2.0 Share NFTs (ROCKS) have a maximum total supply of 7777 unique cryptographic tokens.
DAO Allocation: 77 ROCKS (≈1% of total supply)
Team Allocation: 777 ROCKS (≈10% of total supply)
The remaining 6923 ROCKS (≈89% of total supply) are allocated for Minting by investors at the floor price of $1000 BUSD (Binance USD).
Airbrick 2.0 Bond's (aBOND) main job is to help incentivise changes in the aUSD supply during an epoch contraction period. When the TWAP (Time Weighted Average Price) of aUSD falls below $1, Bonds are issued and can be bought with aUSD at the current price. Exchanging aUSD for Bonds burns aUSD tokens, taking them out of circulation (deflation) and helping to get the price back up to $1. These Bonds can be redeemed for aUSD when the price is above peg ($1) in the future, plus an extra incentive for the longer they are held above peg.
Contrary to early algorithmic protocols, Airbrick 2.0k Bond (aBOND) does not have expiration dates.
All holders are able to redeem their Bonds for aUSD tokens as long as the Treasury has a positive aUSD balance, which typically happens when the protocol is in the epoch expansion period.
