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$PANTHEON: A pioneering reserve currency and robust store of value exclusively tailored for $ETH. Ingeniously designed, it's poised to outperform $ETH across every conceivable scenario, redefining the benchmarks of DeFi resilience and growth.
$PANTHEON Mechanics: Minting, Burning, and Tax Allocation
Introduction: $PANTHEON utilizes a unique combination of minting and burning mechanisms, coupled with a strategic tax allocation system. These mechanics ensure that its price only appreciates in relation to $ETH.
1. Minting Process: When users deposit collateral to mint $PANTHEON tokens, the following occurs:
The amount of $PANTHEON tokens minted is based on the current $ETH to $PANTHEON ratio.
A tax is applied on the minting action, which contributes to the consistent appreciation of $PANTHEON in relation to $ETH.
Minting and Price Dynamics: When $PANTHEON is minted, the circulating supply increases. With the applied tax, the $PANTHEON/$ETH ratio rises, leading to price appreciation. Thus, each minting action reinforces the price growth.
2. Burning Process: When users opt to burn $PANTHEON tokens, they redeem these tokens for the underlying collateral, and:
The circulating supply of $PANTHEON decreases due to the burning process.
A tax is applied on the burning action, which further increases the $ETH/$PANTHEON ratio, making the $PANTHEON price increase.
Burning and Price Dynamics: Although burning reduces the circulating supply, the applied tax ensures that the $PANTHEON/$ETH ratio continues to rise with each burning transaction, leading to a positive impact on the price.
3. Tax Allocation and Distribution (MINT): $PANTHEON implements a total tax of 10% on minting transactions. This tax is strategically divided to consistently drive the price appreciation of $PANTHEON in terms of $ETH. Here's how the tax revenue is divided:
6% Value Appreciation: Retained within the contract. This portion ensures the consistent increase of the $PANTHEON/$ETH ratio with every mint or burn transaction. As this ratio increases, the price of $PANTHEON in terms of $ETH rises.
3% Liquidity Incentive: Used to encourage liquidity provision. By redirecting a portion of the tax to incentivize liquidity providers, the ecosystem ensures a liquid trading environment and stabilizes the appreciation rate by catering to demand.
1% Development & Expansion: This portion is directed towards the team to fund the continued development and potential expansion of the Pantheon Ecosystem.
4. Tax Allocation and Distribution (REDEEM): $PANTHEON implements a total tax of 8.8% on redeeming transactions.
This tax is strategically divided in the same way as on Mint.
The only difference is that the Fee allocated for value appreciation is 4.8% instead of 6%.
TRADING IN LIQUIDITY POOLS IS NOT AFFECTED BY TAX.
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