Token Sinks & Deflationary Events
Terms
Token Sinks - An event that creates a token burn or permenant reduction of supply
Deflationary Event - An event that reduces the circulating supply by depositing $FRG into the Rana DAO Pool
NOTE: There will be multiple announcements during the month of October that will reinforce what is outlined below.
Token Sinks
$FRG Use Cases
Plague owned businesses, affiliated businesses, and strategic partnerships can buy $FRG with revenues or profits. This $FRG would be deposited in the Rana DAO treasury and either be burned or redeposited in the staking pool.
Planned investment opportunities (KYC and/or 1099's likely needed) could require $FRG to participate
Some future mints will require $FRG
Token Sink "Events"
Numerous token sink "events" are planned over the next 36 months
Any $FRG acquired via these "events" will deposited in the Rana DAO treasury. The DAO will decide whether or not to burn them or to hold them for future use.
$FRG Transaction Tax
The $FRG contract allows us to introduce a "tax" on $FRG transactions
This tax is currently set at 0%
The Rana DAO has the ability to exclude Frog holders from this tax
Revenues from tax will be deposited in Rana DAO treasury
DAO Created Mechanisms
With a majority vote approval The Rana DAO can vote to burn supply for any reason.
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