Printer Finance Full Protocol Launch
Cross-chain seigniorage protocol.
DETAILS
- Genesis pools run for 72 hours
- Stake WFTM, GSCARAB, SCARAB, BEETS or SPIRIT, earn PAPER
- Stake PAPER-FTM or INK-FTM, earn INK
- PAPER token can be bridged between chains they plan to launch on with no fees (just gas)
- PAPER is not an algo-stable pegged to a certain token, it is a native cross-chain token
- PAPER initial supply after genesis pools is 10,000, but supply will fluctuate over time based on supply and demand
- INK is the governance token
- Staking INK rewards PAPER at various rates depending on the number of PAPER in circulation (see whitepaper for more details)
- 5% tax on INK transfers, 2% to the Investment Fund, 1% to liquidity and 2% to buyback and burn of PAPER
- INK is non-transferrable between blockchains
- Max supply of INK is 100,000
- The use of the Investment Fund will be proposed by and voted on by INK holders
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