Droplit Boardroom Launch

New algorithmic stablecoin pegged 1:1 to BUSD + arbitrage trading bot on BSC.

DETAILS

• Boardroom
  • Stake GDS in the Boardroom to earn LIT rewards
  • During expansion, newly minted LIT rewards will be distributed as follows;
    • 80% — Reward for Boardroom stakers
    • 20% — Drip fund
  • Boardroom only prints new LIT tokens when TWAP > 1.01
  • Epoch duration: 6 hours
  • Staked GDS is locked for 4 epochs and LIT rewards locked for 3 epochs (every deposit/claim/withdrawal resets the lockup timer)

• Tokens
  • $LIT is the algo-stable, pegged 1:1 to BUSD
    • Initial supply: 65,051
      • 20,000 — Genesis rewards
      • 35,050 — Presale
      • 10,000 — Bot
      • 1 — Pre-mint for initial liquidity
  • $GSD (‘Golden Drip Shares’) is the shares token
    • Total supply: 38,100
      • 30,000 — Farming rewards (vested linearly over 370 days)
      • 4,000 — DAO fund (vested linearly over 300 days – 13.3 GDS/day)
      • 4,000 — Dev fund (vested linearly over 300 days – 13.3 GDS/day)
      • 100 — Pre-mint for initial liquidity
  • $LBOND is bond token

• Features
  • Arbitrage bot: 1% tax on all trades will be used in arbitrage trading to sustain the peg