Tokens & Contract addresses
DarkOpera token is designed to be used as a medium of exchange. The built-in stability mechanism in the protocol deterministically expands and contracts the DARKO supply to maintain DARKO's peg to 1 FTM in the long run.
A 1% transaction fee will be applied for every transaction of $DUAH, which is forwarded to the Red Cross to support Ukrainian affected by the war.
How does the Algorithmic Peg work?
- When DARKO is below Peg
When any multiple printer( $DARKO, $DBOO, and $DUAH) are under the peg, instead of using the Bond mechanism, a 15% tax on token transfer out applied will be burnt immediately to reduce the token supply and help to push that token price up to peg.
- When DARKO is above Peg
When DARKO price is above FTM’s Current Market Price (Peg), the token supply will have to expand to push it back down to Peg.
DarkOpera Shares (FRANK) are one of the ways to measure the value of DarkOpera Protocol and shareholder trust in its ability to maintain DARKO close to peg. During epoch expansions, the protocol mints DARKO and distributes it proportionally to all FRANK holders who have staked their tokens in the boardroom. FRANK holders have voting rights (governance) on proposals to improve the protocol and future use cases within the DarkCrypto finance ecosystem. FRANK has a maximum total supply of 100,000 tokens distributed as follows:
- 1.Dev Fund: 10,000 FRANK (10%) (Vesting In 2 Years)
- 2.Insurance: 15,000 FRANK (15%) (Vesting In 2 Years)
- 3.Dao Fund: 25,000 FRANK (25%) (Vesting In 2 Years)
- 4.Farming incentive: 50,000 FRANK (50%)
- SpookySwap LP DARKO /FTM:
- SpookySwap LP FRANK/FTM: