SECTION 2: Token distribution & allocations

Token distribution & allocations.

After Phase 0, Smart Dollar is designed so that only one of these 2 phases can be executed :

(Epoch = Hours)

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PHASE 1 : Expansion Phase, the price is above $1. All the DAO-users and Farming-users are earning reward, the supply expanding to force the system get back to $1. -------------------------------------------------------------------------------

PHASE 2 : Contraction Phase, the price is bellow $1. DAO-users and Farming-users are not earning reward and all users can burn SD to receive coupons in exchange to help the protocol get back to $1. -------------------------------------------------------------------------------

Phase 0 : Bootstrap, the price doesn't matter. The bootstrap phase force the system reward to act like the market price of SD was 1.53,

All the users are earnings reward as if the price was 1.53 even if we are in contraction phase, until EPOCH 300, after we will enter Phase 1 or Phase 2 in function or the market price. -------------------------------------------------------------------------------

Team fund allocations : Every EPOCH, the system reward 50 SD to the team wallet.

1200 SD Daily,

• 400 SD are burn

• 800 SD for team fund & treasury

The team doesn't’ not hold tokens, this is the only revenue the team receives from SD contracts.