Treasury operation - CCRS tokens
Last updated
Last updated
Treasury purchases carbon credits from carbon credit exchanges and traders, by using fiat currency (USD, EUR, etc). Carbon credits are then tokenized into carbon credit spot tokens (“CCRS”).
Treasury contributes carbon credit spot tokens (“CCRS”), from its Prop Trading wallet & CCOIN, from its Treasury LP wallet, at a markup value to the CCRS / CCOIN liquidity pools. Treasury will receive the CCRS / 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).
Users then will purchase the CCRS tokens by swapping their CCOIN for CCRS tokens with the liquidity pool. The pool now has fewer CCRS tokens and more CCOINs.
Users continue to swap CCOIN for CCRS until the supply of CCRS 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 CCRS has been sold, Treasury will withdraw the CCOINs which consist of i) the original amount contributed from Treasury LP, ii) the CCOIN swapped by the Users who purchased CCRS 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) & replenish the Treasury bank a/c.