The LOOTDOLLAR token is designed to be used as a means of exchange. The protocol's algorithm/mechanics are heavily user focused in the context of game theory. It is designed to peg to 1 $CRO or as close as possible.
TREASURE tokens are the "share" token of the protocol and are a governance token, as well as an obvious measure of user trust in the protocol to maintain LOOTDOLLAR above or close to peg.
Holders can stake their TREASURE in the CABIN to receive LOOTDOLLAR rewards during expansionary epochs. These occur when the price is trading above a Time Weighted Average Price (TWAP) of over 1.01 $CRO.
TREASURE has a maximum total supply of 70,000 tokens that are distributed as follows:
- 1.DAO Allocation: 5,500 Treasure vested linearly over 6 months
- 2.Development Allocation: 5,000 Treasure vested linearly over 6 months
- 3.Remaining 59,500 Treasure are allocated for incentivizing Liquidity Pools in the LOOTDOLLAR-CRO and TREASURE-CRO pools, both running for six months.
GOLD tokens can be bought by exchanging LOOTDOLLAR for them on the DECK, when LOOTDOLLAR is trading at a TWAP below 1 $CRO at the end of the epoch. For example, if epoch 1 ends with a TWAP of below 1, bonds become available on the DECK in the following epoch.
The LOOTDOLLAR is exchanged for the GOLD token at a 1:1 ratio and is burned upon this exchange happening. This reduces the supply and the bonds can be redeemed for a premium later when LOOTDOLLAR trades above 1 CRO. More on this in the bonds section of these documents.