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2024-12-02 23:35:17
1. 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.
2. Pricing:
Each Damage Token is priced at 100 satoshis (0.000001 BTC per token), establishing a direct tie to Bitcoin’s value and liquidity.
3. 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.
4. 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.
5. 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.
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Enforced by AEX9 Sophia Smart Contracts
1. Fixed Supply:
The contract enforces a hard cap of 42 million tokens, ensuring no additional tokens can be minted post-deployment.
2. 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.
3. 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.
4. 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.
5. 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.
6. Transparency and Auditability:
All transactions and balances are publicly auditable via the blockchain, enhancing trust and eliminating potential manipulation.
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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.