Tokenomics
About $OTHR
The native token behind the OtherDAO is $OTHR. $OTHR boasts an initial supply of 1,000,000 and inherits no form of inflation in order to encourage protocol participation, meaning supply can only increase through an increase in treasury assets (i.e., through bonding).
Initially, we sent 65% (650,000) of $OTHR to the Copper Liquidity Bootstrapping Pool (LBP), which is an effective platform to raise initial liquidity for the OtherDAO, as well as reserve funds. An LBP also acts as the fairest token distribution method among early investors, disabling early investors from purchasing large amounts of the overarching protocol.
To find out more about Copper LBP's, and how an LBP benefits the OtherDAO protocol, see https://docs.alchemist.wtf/copper/
As the OtherDAO fuels its treasury through bonding, $OTHR does not inherit any form of token tax.
Last modified 1yr ago