Intro: Bronwyn Stable Growth Fund

Boltwing Marauder by Raymond Swanland
  • In order to buy tokens, you send ether to the smart contract, it mints the number of tokens according to the current buy price and sends them to your wallet. The only way a token can be minted is if it is purchased from the smart contract. At the same time, it calculates the new buy price for the next sale using a mathematical formula. Every new purchase of the token drives the token price up.
  • In order to sell tokens, you send them back to the smart contract and it permanently burns the tokens received. It calculates the amount of Ethereum according to the current sell price and sends them to your wallet. At the same time, the smart contract re-calculates the total supply of the token and adjusts the sell price. Every new sell order also increases the price of the token.
  • When you buy or sell a currency over an exchange (or bank for that matter), it charges the user a transaction and commission fee which is kept for profit. The Stable Growth Token protocol uses this same algorithm in the smart contract, but uses the fees charged differently: The difference between the token buy and sell price is redistributed to the token holders, thus increasing the price of all tokens. Additionally, the transaction fees paid to mint or burn are redistributed to token holders. Fees charged by the contract will vary based on how many tokens are minted and in user wallets. In this sense, the contract uses two sources to increase the price of all minted tokens.
  • The Smart Contract offers a Stable Growth Token protocol with some adjustments. Every time a token is bought or sold a special mathematical algorithm, integrated in the smart contract distributes the commission earned to all issued tokens, effectively increasing the price of the token with each transaction. Bronwyn adds an additional layer of value by making the max supply that can ever be minted 100,000.
  • The BRON Token can only be acquired by interacting with the Smart Contract (this will up for vote in the future). The Token will initially only accept Ethereum, but will later accept other large cap cryptos (wBTC, USDT), making BRON a Stable Growth Token backed by a basket of different currencies depending on their weight in the contract.
  • The Capital Rebalance Treasury will buy the first 35% of the total supply, leaving 60% left in the contract to be minted. The CRT will incrementally burn tokens over time (so the protocol will not be heavily impacted by too many or too few users). Additionally, the CRT will provide special incentives and Treasury Rebalance Events to encourage contract interaction- this will help sustain the protocol over time.
  • The Users play a key role in our ecosystem, as any protocol is dead without users. Participating in this economic experiment is a conscious and active choice and we hope to build an ultimately community governed protocol that can adapt based on the supply/usage/etc. Users will also have the opportunity to stake their tokens in the future as supply gets more and more scarce.

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