💰Issuance Method
Last updated
Last updated
Zetos Share (ZES) will be developed based on BNB Chain in the early stage, and will develop cross-chain algorithm stable currency assets in the later stage, and gradually expand to other chains and platforms such as APTOS.
The Zetos (ZES) ecology includes three base currencies:
Zetos Share (ZES)
Zetos Bond (ZEB)
Zetos Cash (ZEC)
Three base currencies aim to move Zetos Cash (ZEC) towards a price of $1. The following scenarios describe how Zetos Cash (ZEC) and Zetos Bond (ZEB) work. The first scenario assumes that the price of ZEC is above $1 and below $1.
Zetos Share (ZES)
The Zetos Share (ZES) protocol will calculate and adjust the token supply of Zetos Share (ZES) according to the change in the exchange rate of Zetos Share (ZES) against the US dollar through the protocol algorithm.
This monetary policy implementation method is similar to that used by central banks around the world today. The difference is that Zetos Share (ZES) is decentralized, strictly enforces protocol algorithms, and does not require human intervention. At the same time, Zetos Share (ZES) is a pioneering use of the latest Re-Zetos Share (ZES) e+ full collateral mechanism to improve the shortcomings of the unstable currency value of the previous three generations of algorithm stable coins.
Zetos Bond (ZEB)
Users will be able to purchase Zetos Bond (ZEB) at a discount when the trading price of Zetos Cash (ZEC) is less than $1, in order to establish the price stability of Zetos Cash (ZEC), and expect to receive future rewards when redeeming profit.
Under certain conditions, each bond promises the holder 1 basis point at some point in the future. It is burned every time a user makes a purchase, resulting in a decrease in the circulating cash supply.
Bonds have no interest payments and no maturity or maturity date. Instead, they can be redeemed 1:1 using Zetos Bond (ZEB) when the price rises above $1. The purchased bond can only be redeemed with cash at a 1:1 ratio if the original price of the cash is above $1.
This prevents bondholders from cutting redemption losses and creating unnecessary increases in supply.
Zetos Cash (ZEC)
Zetos Cash has no private placement, no pre-mining, and no reservation.
The initial distribution of Zetos Cash (ZEC) is in the form of mining, which can be mined with USDT, BNB, BUSD, USDC and ETH. A total of 5,000 Zetos Cash (ZEC) will be released and distributed, and 1000 Zetos Cash (ZEC) will be mined every day.
The tokens will be evenly distributed to each StableCoin pool, and the StableCoin deposit amount of each account is limited to 2,000 tokens.
When Zetos Cash (ZEC) exceeds $1
When the price of Zetos Cash (ZEC) exceeds $1, the contract primarily allows the bond to be redeemed to the bond caller. Even after the bond is redeemed, if the price of Zetos Cash (ZEC) is above $1, an increase in Zetos Share (ZES) demand will cause new Zetos Cash (ZEC) tokens to be minted and distributed to the Zetos Share (ZES) holders.
For example, suppose the price of Zetos Cash (ZEC) exceeds $1 even after the bond is redeemed, in which case the treasury contract enables the existence of new Zetos Cash (ZEC) seigniorage, which will be allocated to foundation.
Zetos is an economic model. Its principle can be simply understood as that when the market price deviates from the target price to a certain extent during the cycle, the smart contract will automatically increase or decrease the supply of tokens to bring the market price back to the target price Zetos Cash (ZEC), Zetos Share (ZES), Zetos Bond (ZEB), the three are equivalent to currencies, stocks and bonds. Zetos Share (ZES) can be understood as a central bank, and Zetos Cash (ZEC) is a currency issued by the central bank; Zetos Share (ZES) is a stock held by shareholders of the central bank, which needs to bear system risks and obtain system benefits; Zetos Bond (ZEB) is a bond, which is equivalent to the bond of the central bank.
These 3 are all BEP-20 tokens. Zetos Bond (ZEB) currently has no date limit and can be redeemed as long as the price is right.
When Zetos Cash (ZEC) Below $1 — AKA Dropping
When the price of Zetos Cash (ZEC) is lower than $1, which is what we often call shrinkage or drop, as in the traditional market, in order to pull the price back above $1, it is necessary to reduce the circulation of Zetos Cash (ZEC) or increase Zetos Cash ( ZEC), the way to reduce the circulation of Zetos Cash (ZEC) is to issue bonds Zetos Bond (ZEB), which is the same as the issuance of national bonds in the traditional market.
When the price of Zetos Cash (ZEC) falls below $1, users can apply for bond Zetos Bond (ZEB). The price mechanism of the bond is: Zetos Bond (ZEB) price = the square of Zetos Cash (ZEC) price, and the exchange method is to burn Zetos Cash (ZEC), get Zetos Bond (ZEB);
Assuming that the price of Zetos Cash (ZEC) is 0.8USDT, the user can exchange Zetos Cash (ZEC) to Zetos Bond (ZEB) at the exchange rate of 0.64USDT. Then convert Zetos Bond (ZEB) to Zetos Cash (ZEC), bond holders can get a 36% profit.
Note: The bond Zetos Band (ZEB) can only be destroyed and exchanged through Zetos Cash (ZEC), that is, it cannot be directly purchased through the stable currency USDT.
Similarly, Zetos Band (ZEB) cannot be directly sold in the market and exchanged for USDT. You can only wait for Zetos Cash (ZEC) can only be exchanged into Zetos Cash (ZEC) when the price returns above $1.
When Zetos Cash (ZEC) Above $1 — AKA Sheung Shui
When the price of Zetos Cash (ZEC) exceeds 1 US dollar, in order for the price of Zetos Cash (ZEC) to naturally drop to 1 US dollar, it is necessary to increase the circulation of Zetos Cash (ZEC), which is the release of water in the traditional financial market, that is, the country begins to print a large amount of money and issue more currency.
The actual additional issuance threshold is 1.05USDT (also known as the water level). When Zetos Cash (ZEC) > 1.05, the system can trigger additional issuance of Zetos Cash (ZEC). When the price of Zetos Cash (ZEC) returns to the water level, the system will trigger The action is often called re-Zetos Share (ZES) e, that is, the price returns to the original point to perform a reset operation.
When Zetos Cash (ZEC) is in the water supply state, the system will calculate the number of additional Zetos Cash (ZEC) that needs to be issued to reduce the price of Zetos Cash (ZEC) to $1 through an algorithm. The statistical cycle is 24 hours, and this cycle is also Called a re-Zetos Share (ZES) Era.
