Tokamak Network deposits additional 200 ETH to TOSv2 Treasury (2023.3)
March 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 March has been completed. TOSv2 Treasury information has been updated:
[TOSv2 Treasury Update]
- Today’s Ethereum Deposits by Tokamak Network (2023.3.15): 200 ETH (As of March 15th KST 09:00 440 Million KRW, 330,000 USD) (https://etherscan.io/tx/0xc5cf8545ad766b3afd483065ae5d5278a1278cb595d806a378b7ac845033874a)
- Total ETH deposit by Tokamak Network: 1000ETH (As of March 15th KST 09:00 2.2 Billion KRW, 1.7 Million USD) [initial deposit of 200 ETH + additional deposit 800 ETH] (https://etherscan.io/address/0xD27A68a457005f822863199Af0F817f672588ad6)
- Changes in Minting Rate (TOS/ETH): 34,000 → 27,000 (https://etherscan.io/tx/0xf14096ce9f56bf9d27eb1f1d6545f39f08f850e942d6e74f858dfc20455761c4)
The minting rate is reduced by depositing 200 ETH in Treasury. 200 ETH will be supplied to Treasure every month for the next 5 months. This is the fifth additional deposit since the initial deposit. It is important to note that no TOS is minted from the 200 ETH deposit, and all the treasury assets are used to back tokens. Therefore, the value of TOS will not fall below a certain level, even though the market is in a downturn. 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.
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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