Temporary Tranche
Understanding Temporary Tranche in the UNIRA Protocol:
Last updated
Understanding Temporary Tranche in the UNIRA Protocol:
Last updated
Let's explore the concept of the Temporary Tranche within the UNIRA DeFi ecosystem.
Temporary Storage for Collected Tax:
Think of the Temporary Tranche as a smart storage space for the $UNIRA tokens collected from the tax. This storage keeps accumulating tokens until its value reaches a set threshold capacity of $5000. It's like filling a bucket until it's full.
Unlocking the Trigger:
When the Temporary Tranche reaches the threshold value of $5000 worth of $UNIRA tokens, a special event occurs. At this point, a smart contract Trigger becomes accessible. This Trigger can be activated by any $UNIRA token holder, like pressing a button to initiate something exciting.
The Trigger Event:
When someone triggers this smart contract, the $UNIRA tokens within the Temporary Tranche are distributed in the following manner:
1% $UNIRA: This portion is awarded to the user who initiated the Trigger. It's like a reward for taking action.
33% $UNIRA: These tokens are permanently removed from circulation through burning. This helps reduce the total supply, potentially increasing the value of each token.
33% $UNIRA: These tokens are allocated to the UNIRA DAO Treasury. This Treasury supports crucial functions like marketing, maintaining liquidity, and funding creative projects.
33% $UNIRA: These tokens are converted into $UNI, the Uniswap token. The resulting $UNI is then deposited into the , another integral component of the ecosystem.
In a nutshell, the Temporary Tranche is like a holding area for collected tokens, and the Trigger is a way to release and distribute them. This setup ensures that these tokens have different roles, from rewarding users to supporting the ecosystem's growth.
