Tokens
FOX - FOX TOKEN
0xFFffFfFf68A2e13F7B68d2E190E37D804E02E0ad
FOX token is designed to be used as a medium of exchange. The built-in stability mechanism in the protocol aims to maintain FOX's peg to 1 JOE token in the long run.
Note that FOX actively pegs via the algorithm, it does not mean it will be valued at 1 JOE all times as it is not collaterized. FOX is not to be confused for a crypto or fiat-backed stablecoin.
Initial mint: 10 FOX were minted upon contract creation
FOXSHARE - FOXSHARES Token
0x510c4d8ECB31d2f7f258728B65bB388023b2001c
FOXSHARES are one of the ways to measure the value of the Arctic Fox Protocol and shareholder trust in its ability to maintain FOX close to peg. During epoch expansions the protocol mints FOX and distributes it proportionally to all FOXSHARE holders who have staked their tokens in the Boardroom.
FOXSHARE holders have voting rights (governance) on proposals to improve the protocol and future use cases within the Arctic Fox ecosystem.
FOXSHARE has a maximum total supply of 65000 tokens distributed as follows:
Team Allocation: 4999 FOXSHARE vested linearly over 2 months
Initial mint: 1 FOXSHARES minted upon contract creation for initial pool
Remaining 60000 FOXSHARE are allocated for incentivizing Liquidity Providers in two shares pools for 2 months
FOXBOND - FOX Bonds
0xF0A26def94FC0c37fB358f5dcACd78cE6ac88184
FOX Bonds (SBOND) main job is to help incentivize changes in FOX supply during an epoch contraction period. When the TWAP (Time Weighted Average Price) of FOX falls below 1 JOE, FOXBONDs are issued and can be bought with FOX at the current price. Exchanging FOX for FOXBOND burns FOX tokens, taking them out of circulation (deflation) and helping to get the price back up to 1 JOE. These FOXBOND can be redeemed for FOX when the price is above peg in the future, plus an extra incentive for the longer they are held above peg. This amounts to inflation and sell pressure for FOX when it is above peg, helping to push it back toward 1 JOE.
Contrary to early algorithmic protocols, FOXBONDs do not have expiration dates.
All holders are able to redeem their FOXBOND for FOX tokens as long as the Treasury has a positive FOX balance, which typically happens when the protocol is in epoch expansion periods.
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