Treasure Pool

The Treasure pool is a smart contract that holds a portion of STABLECOIN/xTOKEN collected from Minting xTOKEN, as well as the redemption fees. Its main function is to protect the price of xTOKEN by periodically purchasing xTOKEN from the pool and burning it.

  • When users mint xTOKEN from NFTs, users get xTOKEN back and 90% STABLECOIN is transferred to the Treasure pool, 10% to Dev.

  • The buy-and-burn scheme is initially set up by the devs, and later adjusted quarterly by voting on the DAO.

  • Treasure pool optimizes profits by cooperating with Big staking Partners or lending to users who own SHARKIE NFT.

  • Treasure Pool will announce the schedule to buy back xTOKEN. XTOKEN purchased will be burned.

PreviousxTOKENNextRules & Benefits

Last updated