Initial Network State

Our initial goal is not to find a stable price. This may seem antithetical to our currency aspirations, but we ensure you it is not. cunoro can be tuned to optimize for different things. The main tradeoff is volatility and profitability versus stability and consistency. With volatility and profit comes growth; this is what we want early on.
With tight policy and scale, cunoro should function well as a stable asset. Upward and downward pressures should stabilize at some non-intrinsic value. With loose policy, regardless of scale, cunoro has the potential to act as a wealth creation machine. The market premium of the token measures the positive sum of the game; all extrinsic value is new wealth created.

Alpha State

The initial network features a one-way treasury (money goes in, none comes out), the minting contract (through which supply increases and profits are produced), and the staking contract (where profits are distributed).
The following are the initial policy states:
  • Mint vesting term
    It is five days for all mint types.
  • NORO distribution
    Every time someone purchases a mint, the proceed will go to the cunoro treasury. A corresponding amount of NORO will be minted and distributed to three parties:
    • Minter
      The mint purchaser will receive the quoted amount of NORO linearly over the vesting term.
    • DAO
      The DAO receives the same amount of NORO as the minter. This represents the DAO profit.
    • Stakers
      After accounting for the NORO distributed to the minter and the DAO, the rest will be distributed among all stakers in the protocol.