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ESC Token Distribution

Positive rebase (TWAP > 1 CRO and no debt)

When ESC TWAP is > 1 CRO, more ESC will be minted according to the following parameters:
  • Max expansion rate: ESC initially uses 3% as the maximum percentage limit when the total supply is less than 500K, and the limit is reduced by 10% every time the supply increases by 50%
  • The expansion amount is formulated as:
  • Bonded ESC holders in DAO and Liquidity providers will receive a 40% expansion amount (50% for each)
  • Coupons are not redeemable
  • 10% expansion amount will be distributed to DiamondRoom
  • DAO Fund will be allocated a 20% expansion amount
  • 15% expansion amount will go to SAFE Fund
  • 10% expansion amount will go to Development/Marketing Fund
  • 5% expansion amount will go to FairRoom

Positive rebase (TWAP > 1 CRO and debt exist)

When the rebase is positive but not all existing Coupons (debt) have been cleared, the ESC extension will be distributed as:
  • Max expansion rate: ESC initially uses 3% as the maximum percentage limit when the total supply is less than 500K, and the limit is reduced by 10% every time the supply increases by 50%
  • The expansion rate is formulated as:
  • Bonded ESC holders in DAO and Liquidity providers will not receive rewards
  • 45% of expansion will be allocated to Coupons redemption
  • 10% expansion amount will be distributed to DiamondRoom
  • DAO Fund will be allocated a 20% expansion amount
  • 15% expansion amount will go to SAFE Fund
  • 10% expansion amount will go to Development/Marketing Fund

Negative rebase (TWAP < 1 CRO, debt issue)

When there is a negative rebase event, Empty Set Crypto will issue Coupons (debt), allowing ESC holders to purchase Coupons at a high discount.
The debt ratio in ESC is capped at 35% which implies a max premium of ≈46%.