The Great Depression ACT
We will adjust emission rate due to high inflation and price issue
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We will adjust emission rate due to high inflation and price issue
Last updated
Was this helpful?
Dear all respected customers, During the great depression period, We know that $COUPON price is very low, no matter how much we keep doing our job and keep release new products.
So here is our solution,
From now on, effective on 11 JULY 2021 @ 20:00 pm (GMT+7) we will adjust emission rate base on our decimal of $COUPON price (Round down). min emission will be 1 Coupon per block - max emission will be 10 Coupon per block and also keep adjusting once a day @ 20:00 pm (GMT+7) This table is our emission rate example.
Coupon emission rate per block
Coupon price (USD)
1
<= 0.01$
2
>= 0.02$
3
>= 0.03$
4
>= 0.04$
5
>= 0.05$
6
>= 0.06$
7
>= 0.07$
8
>= 0.08$
9
>= 0.09$
10
>= 0.10$
We will use The Great Depression ACT from now on, until coupon can stand at price >= 0.1$ for 3 days in a rows, then we will stop to use this act and emission rate will be 10 coupon / block. We need to act now and please don't lose hopes in us, maybe this is a time for stock coupon for incoming ILO. Some of you might angry, we know but please understand us, we think this is the best chance for us to stay in defi's world long term game. Thank you and respected all of you. PS1. We still burn, buy back and burn, ILO, vote and others mechanism to deflate our token as usual. PS2. Full audited report from will be coming soon. PS3. Thank you you make auto-compound for us. PS4. Thank you kururu.finance to help us solve low liquidity on kMatic, kUSDC, kKUB pools.