DarkCrypto
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Tokens & Contract Addresses

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DARK - DarkCrypto Token

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0x83b2AC8642aE46FC2823Bc959fFEB3c1742c48B5
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DarkCrypto token is designed to be used as a medium of exchange. The built-in stability mechanism in the protocol deterministically expands and contracts the DARK supply to maintain DARK's peg to 1 CRO in the long run.
Note: DARK actively pegs via the algorithm, it does not mean it will be valued at 1 CRO all times as it is not collaterized. DARK is not to be confused for a crypto or fiat-backed stablecoin.

How the Algorithmic Peg works

When DARK is below Peg
When DARK price is below CRO's Current Market Price (Peg), token holders can purchase DarkCrypto Bond (LIGHT) and DARK will be burnt to reduce the circulating supply when users redeem DARK tokens with a 1:1 ratio.
When DARK is above Peg
When DARK price is above CRO’s Current Market Price (Peg), the token supply will have to expand to push it back down to Peg and the contract will allow the redemption of the DarkCrypto Bond (LIGHT).
When the price of DARK continues trading above the CRO’s Current Market Price (Peg) after bond redemption, the contract mints an appropriate amount of new DARK and this will be distributed to the DarkCrypto's boardroom stakeholders.

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SKY- DarkCrypto Shares

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0x9D3BBb0e988D9Fb2d55d07Fe471Be2266AD9c81c
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DarkCrypto Shares (SKY) are one of the ways to measure the value of the DarkCrypto Protocol and shareholder trust in its ability to maintain DARK close to peg. During epoch expansions the protocol mints DARK and distributes it proportionally to all SKY holders who have staked their tokens in the boardroom.
SKY holders have voting rights (governance) on proposals to improve the protocol and future use cases within the DarkCrypto finance ecosystem.
SKY has a maximum total supply of 100,000 tokens distributed as follows:
  1. 1.
    DEV & Marketing Allocation: 10,000 SKY vested in 12 months
  2. 2.
    DAO Allocation: 15,000 SKY vested in 12 months
  3. 3.
    Insurance Allocation: 5,000 SKY vested in 12 months
  4. 4.
    Remaining 70,000 SKY are allocated for incentivizing Liquidity Providers in Shares pools for 12 months as follows:
  • MMF LP DARK/CRO: 50x
  • MMF LP SKY/CRO: 35x

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LIGHT - DarkCrypto Bonds

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0xFF277809A604C8c14fe9Ca645252c882940c44E8
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DarkCrypto Bonds (LIGHT) main job is to help incentivize changes in DARK supply during both epoch expansion and contraction periods.
When the TWAP (Time Weighted Average Price) of DARK falls below 1 CRO, LIGHT get issued and can be bought with DARK at the current price. Exchanging DARK for LIGHT burns DARK tokens, taking them out of circulation (deflation) and helping to get the price back up to 1 CRO.
These LIGHT can be redeemed for DARK when the price is above peg in the future, plus an extra incentive for the longer they are held above peg. This amounts to inflation and sell pressure for DARK when it is above peg, helping to push it back toward 1 CRO.
Contrary to early algorithmic protocols, LIGHT do not have expiration dates.
All holders are able to redeem their LIGHT for DARK tokens as long as the Treasury has a positive DARK balance, which typically happens when the protocol is in epoch expansion periods.
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