DCRO — The next token of Dark with the concept of Stock Market
Do you feel the heat and hype since the launch of DUSDC and DUSDT? We decided to bring it to the next level with another token sharing the new mechanism as DUSDC and DUSDT: Dark CRO (DCRO) pegged with the price of 1 CRO — Chance to burn DARK/LIGHT and mint DCRO. This token also promises the next evolution of algo-stable coin: price stability, long-term value, and unlimited use cases within the DarkCrypto ecosystem.
DCRO — the next generation of algo-stable coin
- The mechanism is all about defending DCRO’s peg, making it a long-term stable coin to hold.
- Via queue selling method and a 10% tax applied to every time TWAP or real-time price under 1.02 $CRO, the price of DCRO is systematically maintained at a higher rate than 1.00 $CRO in normal market conditions.
- It is impossible to sell DCRO if the TWAP or real-time price of DCRO falls below 1.00 $CRO for any reason. NO TAX is applied to add liquidity, encouraging people to buy and hold more DCRO.
- The selling amount of DCRO will be limited to 0.1% of the total supply or 0.05% of the liquidity pair to prevent sudden dumping by whales or other manipulators.
The explanation of how the mechanism works is delivered below.
The latest development of DCRO
The differentiation between DCRO and the 2 previous pegged tokens is that you can burn LIGHT or DARK and mint DCRO. The minting price is calculated in accordance with the DARK’s TWAP.
For example, if the DARK’s TWAP is 0.8 CRO, you will be able to burn 1 DARK to mint 0.8 DCRO.
If the DARK’s TWAP is less than 0.5 CRO or greater than 1.5 CRO, you will not be able to mint DCRO.
The maximum burning amount of DARK/LIGHT which is used to mint DCRO is 10M.
What are the use cases for DCRO?
DCRO is also a new DarkCrypto Boardroom v2 multi-printer.
2 new pools of LP DCRO/WCRO will be available including:
- Genesis pool of LP DCRO/WCRO with multi-reward (LIGHT, DBTC, DETH, DSGD).
- Stake LP DCRO/WCRO to earn SKY.
The reward of both pools will start on Friday, 17 June 2022 at 15:00:00 UTC.
How to earn DCRO?
- As a multi-reward, you can stake your SKY to earn DCRO.
- Stake LIGHT to earn DCRO in the DarkEarn pool; the reward will start on Friday, 17 June 2022 at 15:00:00 UTC.
- Buy DCRO on our partnership DEX like V3SRoute, Firebird, etc.
Tokenomic: Dark CRO (DCRO)
Open time: Friday, 17 June 2022 at 15:00:00 UTC
DarkCrypto is the algorithmic token protocol with operations on Cronos and Fantom Opera chains and the first algo-token with an Insurance Fund (collateral with real assets, ie CRO and FTM).
It involves an innovative solution that can adjust the stablecoin’s supply deterministically to move the price of the stablecoin in the direction of a target price to bring programmability and interoperability to DeFi.
There are several types of stablecoins such as fiat-backed and crypto-collateralized, however, they do have their issues. Meanwhile, slightly based on the concept of FRAX’s design, we have a much enhanced stable coin named Darkness Dollar — the first partial-collateralized stablecoin on Cronos Chain.
DarkCrypto Social Media:
Website DarkCrypto: https://www.darkcrypto.finance/
Website Darkness Dollar: https://www.darkness.finance/
Website DarkVegas: https://vegas.darkcrypto.finance/