Tokens

GOLD - Tomb Treasure Token

0xBEf8F941F0b9FF97355435974fa2a124b647C8e1
GOLD token is designed to be used as a medium of exchange. The built-in stability mechanism in the protocol aims to maintain GOLD's peg to 1 Avalanche (AVAX) token in the long run.
Note that GOLD actively pegs via the algorithm, it does not mean it will be valued at 1 AVAX all times as it is not collaterized. GOLD is not to be confused for a crypto or fiat-backed stablecoin.

GSHARE - Tomb Treasure Shares

0x5853C51ED3Bd8818F234A0783A82fDe7D65A34bd
GOLD Shares ($GSHARE) are one of the ways to measure the value of the GOLD Protocol and shareholder trust in its ability to maintain GOLD close to peg. During epoch expansions the protocol mints GOLD and distributes it proportionally to all GSHARE holders who have staked their tokens in the Boardroom.
GSHARE has a maximum total supply of 60000 tokens distributed as follows:
  1. 1.
    DAO Allocation: 4999 GSHARE vested linearly 120 days
  2. 2.
    Team Allocation: 5000 GSHARE vested linearly 120 dáy
  3. 3.
    Remaining 50000 GSHARE are allocated for incentivizing Liquidity Providers in GSHARE rewar d pools for 12 months
  4. 4.
    1 GSHARE be minted for initial liquidity

GBOND - Tomb Treasure Bonds

0x49f458c147B58D24D4023583872976e45862813b
GBOND main job is to help incentivize changes in GBOND supply during an epoch contraction period. When the TWAP (Time Weighted Average Price) of GOLD falls below 1 AVAX, GBOND are issued and can be bought with GOLD at the current price. Exchanging GOLD for GBOND burns GOLD tokens, taking them out of circulation (deflation) and helping to get the price back up to 1 AVAX. These GBOND can be redeemed for GOLD 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 GOLD when it is above peg, helping to push it back toward 1 AVAX.
Contrary to early algorithmic protocols, GBOND do not have expiration dates.
All holders are able to redeem their GBOND for GOLD tokens as long as the Treasury has a positive GOLD balance, which typically happens when the protocol is in epoch expansion periods.