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@ DamageBDD
2024-12-16 09:49:47- Initial Supply:
The total supply of Damage Tokens is capped at 42 million tokens.
80% is retained by Steven Joseph (the founder) for operational and strategic purposes.
20% is released to the public, creating a market opportunity for early adopters and contributors.
- Pricing:
Each Damage Token is priced at 100 satoshis (0.000001 BTC per token), establishing a direct tie to Bitcoin’s value and liquidity.
- Utility:
Damage Tokens are used as rewards for BDD test cases on the DamageBDD platform.
They incentivize high-quality software development by providing measurable, blockchain-verified rewards.
- Resilience and Integrity:
As an AEX9 token, Damage Token complies with Aeternity’s fungible token standard, ensuring:
Security and immutability.
Compatibility with Aeternity wallets (e.g., Superhero.com) and the DeFi ecosystem.
- Governance and Revenue:
A governance policy ensures revenue supports a small team and operational costs without external investment.
A buyback mechanism allows token holders to exit liquidity positions through Bitcoin's Lightning Network, net of developer fees.
Enforced by AEX9 Sophia Smart Contracts
- Fixed Supply:
The contract enforces a hard cap of 42 million tokens, ensuring no additional tokens can be minted post-deployment.
- Ownership and Transfers:
The contract implements secure token ownership and transfer rules:
Users can transfer tokens using transfer.
Allowances can be granted via allow_transfer_from.
- Rewards Mechanism:
The DamageBDD platform integrates with the token’s smart contract to automate reward distribution:
Verified BDD test completions trigger token payouts.
This ensures transparency and immutability for rewards.
- Pricing and Exchange:
The smart contract ensures tokens can be sold or exchanged based on the 100 satoshis per token rate.
This rate is enforced by integrating with off-chain oracles and on-chain buyback mechanisms for Lightning Network liquidity.
- Buyback and Liquidity:
Token holders can sell their tokens back through an integrated buyback system.
Bitcoin’s Lightning Network facilitates immediate, decentralized liquidity, minus developer fees.
- Transparency and Auditability:
All transactions and balances are publicly auditable via the blockchain, enhancing trust and eliminating potential manipulation.
By tying the token's value to Bitcoin and enforcing the tokenomics through AEX9 Sophia contracts, Damage Token ensures sustainability, utility, and fairness, while incentivizing contributions to the DamageBDD ecosystem.