Darkcrystl Finance will be one of the first forks to create an algorithmic token use case via GameFi NFT. DARK CRYSTAL will create the basis for a pegged token burn ($DARKCRYSTL) mechanism that will help to control the supply and price of the token.
One of the main drawbacks of past algorithmic tokens was the lack of use cases, leaving no good reason to keep them. In order to successfully support token pegging in the long term, the Dark-crystal team continues to focus on the extended functionality and use cases of $DARKCRYSTL.
Inspired by the original idea of Basis as well as its predecessors, DarkCrystal is a multi-token protocol that consists of the following 3 tokens:
| DarkCrystal ($DARKCRYSTL) token | an algorithmic token, pegged 1:1 to WCRO. |
| DarkCrystal ($MINE) stocks | require DARKCRYSTAL inflation when expanding the network. |
| DarkCrystal ($DARKBOND) stocks | are bought and can be exchanged for DARKCRYSTL when the network enters the deflation phase. |
The mechanism, underlying the protocol, dynamically adjusts the DARKCRYSTL supply, raising or lowering its price, relative to the $WCRO price. However, the times may be there when DARKCRYSTL loses its $WCRO binding.
Unlike other algorithmic tokens, $DARKCRYSTL is not pegged to a stablecoin – instead, it is pegged to $WCRO as the developers foresaw the potential of the Cronos network and decided to align on a mission to both provide value and capitalize on the future of DarkCrystal.