SOLIDUS - SOLIDUS INFO-PAPER (PDF)What is SOLIDUS?Solidus is an ERC20 next generation Ethereum Token.
The generation is done in two steps. Depending on the currently active phase the corresponding amount of Solidus is created.
In a second step an equal amount of burnable Solidus is created.
Over the period of one year each month 1/12 of the total burnable Solidus will be burned.
This leads to a decreasing total supply and the value of each Solidus will be rising.Overview & PhasesPhase | Ether | Solidus | Burnable Solidus | Duration | Start | End |
1 | 1 | 600 | 600 | 2 Weeks | 16.09.2017 - 18:00 UTC | 30.09.2017 - 17:59 UTC |
2 | 1 | 300 | 300 | 1 Weeks | 30.09.2017 - 18:00 UTC | 07.10.2017 - 17:59 UTC |
3 | 1 | 150 | 150 | 1 Week | 07.10.2017 - 18:00 UTC | 14.10.2017 - 17:59 UTC |
4 | 1 | 75 | 75 | 1 Week | 14.10.2017 - 18:00 UTC | 21.10.2017 - 18:00 UTC |
Contract Address:0xDCf533abDbaE655E8fd438a9435733dBD9068b89How does the price stabilizing work?Since only 50% of the created Solidus are assigned to the contributor, the remaining half is managed by the smart contract and never leaves it.
The Solidus generated through your contribution will be assigned to you. The current amount can be seen in the table above.
The burnable Solidus are managed by the smart contract and are kept inside it.
They are used to stabilize the Solidus price at exchanges. At the end of the token generation phase only 50% of the generated
Solidus will be circulating. The other half will be burned away slowly.
Over the period of one year each month 1/12 of the total burnable Solidus will be burned.
This leads to a decreasing total supply and the value of each Solidus will be rising.
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