Hi Folks!
This is to formally announce TAO Coin, our experiment in monetary theory & game theory. TAO takes the best principles from time deposits like Hex and deflationary tokens like SafeMoon, and optimises them to produce a workable monetary system - one that is purely based on rewards, and has no penalties. TAO counterintuitively causes liquidity deflation and price appreciation even as absolute token supply grows.
It follows a very simple rule: Issue inflationary rewards to those that display longest time preference - as measured by square of the time staked.
TAO is based on the monetary theory hypothesis that decreasing monetary velocity equals increased asset value, apart from monetary stock inflation/deflation. This is well Bourne out in US M2 stock vs currency depreciation graphs, shown in our whitepaper (Appendix). In fiat currency, incentives of larger holders are aligned with long term success of the system, as they hold 15 -30 year treasury bonds that are payable in the same currency. Hex utilised this principle to produce time deposits with caused liquidity to dry up as people locked up tokens, driving up demand. However we felt that the exponential age requires exponential interest; compound interest worked for the industrial age. With ever accelerating innovation in all fields, investment opportunities will be weighed against the default exponential interest available on TAO protocol.
The token has been airdropped to 133K users of Quickswap, to begin the experiment.
Token address:
https://polygonscan.com/token/0x9fd4969573f9dec7882409709c9b35f2dc3074caCodebase (Smart Contracts) + Staking Libs:
https://github.com/cinatra06/TAOcoinWhitepaper:
https://ipfs.io/ipfs/QmY1ux3avsMDEtpTAhSsEZyHaggcEFGZhNCg5MGH3qvSmeMedium:
https://taocoin.medium.com/Happy to answer any questions
