Tokens
CTOMB - CoreTomb Token
CTOMB token is designed to be used as a medium of exchange. The built-in stability mechanism in the protocol aims to maintain CTOMB's peg to 1 CORE token in the long run.
Note that CTOMB actively pegs via the algorithm, it does not mean it will be valued at 1 CORE all times as it is not collaterized . CTOMB is not to be confused for a crypto or fiat-backed stablecoin.
CSHARE - CoreTomb Shares
CoreTomb Shares (CSHARE) are one of the ways to measure the value of the CoreTomb Protocol and shareholder trust in its ability to maintain CTOMB close to peg. During epoch expansions the protocol mints CTOMB and distributes it proportionally to all CSHARE holders who have staked their tokens in the Masonry (boardroom).
CSHARE holders have voting rights (governance) on proposals to improve the protocol and future use cases within the CoreTomb finance ecosystem.
CSHARE has a maximum total supply of 50000 tokens distributed as follows:
DAO Allocation: 5000 CSHARE vested linearly 12 months
Remaining 45000 CSHARE are allocated for incentivizing Liquidity Providers in two shares pools for 12 months
CBOND - CoreTomb Bonds
CoreTomb Bonds (CBOND) main job is to help incentivize changes in CTOMB supply during an epoch contraction period. When the TWAP (Time Weighted Average Price) of CTOMB falls below 1 CORE, CBONDs are issued and can be bought with CTOMB at the current price. Exchanging CTOMB for CBOND burns CTOMB tokens, taking them out of circulation (deflation) and helping to get the price back up to 1 CORE. These CBOND can be redeemed for CTOMB 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 CTOMB when it is above peg, helping to push it back toward 1 CORE.
Contrary to early algorithmic protocols, TBONDs do not have expiration dates.
All holders are able to redeem their CBOND for CTOMB tokens as long as the Treasury has a positive CTOMB balance, which typically happens when the protocol is in epoch expansion periods.
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