Tokamak Network deposits additional 200 ETH to TOSv2 Treasury (2023.2)
February 15th, 2023 TOS backing has increased!
You can find the Korean version of the article here.
Hello, this is Tokamak Network. We announce that TOSv2 Ethereum deposit scheduled for February has been completed. TOSv2 Treasury information has been updated:
[TOSv2 Treasury Update]
- Today’s Ethereum Deposits by Tokamak Network (2023.2.15): 200 ETH (https://etherscan.io/tx/0x7e655b2620608066e572d68142a2518596d2fea6f9d3d9c51c2b59690357cb8b)
- Total ETH deposit by Tokamak Network: 800ETH (initial deposit of 200 ETH + additional deposit 600 ETH) (https://etherscan.io/address/0xD27A68a457005f822863199Af0F817f672588ad6)
- Changes in Minting Rate (TOS/ETH): 44,000 → 34,000 (https://etherscan.io/tx/0x1b5f388bbf52ec49a029ec88af2a797f093c48ac43ddb5597537aff39073107c)
The minting rate is reduced by depositing 200 ETH in Treasury. 200 ETH will be supplied to Treasure every month for the next 6 months. This is the third additional deposit since the initial deposit. The TOS minting rate will continue to fall to the target value of 14,000 TOS per ETH as more ETH is deposited by Tokamak Network in the future. As a result, the backing value of TOS will also increase.
It is important to note that no TOS is minted from the 200 ETH deposit, and all the treasury assets are used to back TOS tokens.
The details of the minting rate can be found in the posting.
Please look forward to the next TOSv2 update. Thank you.
Tokamak Network & TONStarter
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