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Home All Events Printer Financial AVAX Genesis Pools Launch

Date

Mar 14 2022
Expired!

TimePacific Time

7:00 am

Your Time

  • Timezone: America/New_York
  • Date: Mar 14 2022
  • Time: 10:00 am

Status

Active

Printer Financial AVAX Genesis Pools Launch

New blockchain for Printer Financial, who previously launched on FTM & BSC.

They are a cross-chain seigniorage protocol without bonding, as the goal of the protocol is not for PAPER to maintain a specific peg, but rather for PAPER to be bridgeable across multiple blockchains.

DETAILS
  • 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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