Treasury operation - CCRF tokens
Last updated
Last updated
The Carbon Credits Issuer signs a listing agreement with CarbonDEX, terms of the agreement will include: the amount & price of the carbon credits to be tokenized, the amount and value of carbon credits & CCOIN to be contributed by both parties to the Carbon credit tokens / CCOIN liquidity pools, multi-signature wallet mechanism to deposit the carbon credit tokens and CCOIN (optional), CCOIN re-purchase price (fixed or floating), LP withdrawal terms (gradual or after fully sold, for our financial model we assume that LP withdrawals can only be done after the Carbon credit tokens have been fully sold in 90 days) and custody of the LP tokens.
Both Issuer and Treasury contribute carbon credit forward tokens (“CCRF”) & CCOIN at the agreed valuation to the CCRF / CCOIN liquidity pools. Both Issuer and Treasury will receive the CCRF / CCOIN LP tokens (to be held by CarbonDEX as custody). The CCOIN will come from the Treasury LP wallet.
Investors (Users) purchase USDC & MATIC tokens from TRANSAK by using their debit or credit card & paying in their local currency. The MATIC is needed to pay the Polygon network gas fee when executing any transactions on CarbonDEX.
Users purchase CCOIN by swapping their USDC with CCOIN from the Public portion wallet.
The USDC is then sent to the Treasury Wallet.
Treasury may deposit the USDC in interest-bearing Defi protocols.
Users then will purchase the CCRS-A tokens by swapping their CCOIN with the liquidity pool. The pool now has fewer CCRF tokens and more CCOINs.
The Users continue to swap CCOIN for CCRF until the supply of CCRF tokens in the pool is depleted and only CCOINs remain. (In doing so Users will also purchase USDC from TRANSAK and swapped their USDC for CCOIN from the Public wallet).
Once all CCRFs have been fully sold, both Treasury will withdraw ALL the CCOINs which consist of i) the original amount contributed from Treasury LP, ii) the CCOIN swapped by the Users who purchased CCRF tokens, iii) the 0.25% exchange fees paid by the Users. The total CCOINs will be divided on a 50:50 basis and transferred back to the Issuer wallet & Treasury LP wallet.
The issuer can then swap the CCOINs they received with USDC from the Treasury Wallet.