Treasury operation - CCRO tokens
Last updated
Last updated
Treasury identifies suitable carbon credits & pricing.
Treasury creates/mints carbon credit offset tokens (“CCRO”) and contributes carbon credit offset tokens (“CCRO”), from its Prop Trading wallet & CCOIN, from its Treasury LP wallet, at a mark-up value to the CCRO / CCOIN liquidity pools. Treasury will receive the CCRO / CCOIN LP tokens.
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).
The user then will purchase the CCRO tokens by swapping their CCOIN for CCRO tokens with the liquidity pool. The pool now has fewer CCRO tokens and more CCOINs.
Users continue to swap CCOIN for CCRO until the supply of CCRO 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 a certain amount of CCRO has been sold, Treasury will gradually withdraw the CCOINs which consist of i) the original amount contributed from Treasury LP, ii) the CCOIN swapped by the Users who purchased CCRO 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 Prop Trading wallet & Treasury LP wallet.
CCOINs will be transferred to the Public wallet to replenish it.
Treasury will gradually sell USDC from the Treasury wallet on the crypto market to receive fiat currency (USD, EUR).
Proceeds from selling the USDC will be used to purchase carbon credits and immediately offset (retire).