Minting soon$STABLE
Arc settles tokenised treasuries for banks. Its validators are BlackRock, DTCC, Visa and Mastercard. We put a coin with a dongkey on it.
666,666 $STABLE. Fixed supply, mint function renounced at deploy, and not one of them sold by us at any price. They are dripped to the people holding 6,666 dongkeys.
$STABLE is not a stablecoin. Obviously.
The numbers
Everything that can be fixed in a contract is fixed in a contract. Supply is capped, the mint function is renounced, liquidity is locked, and the team allocation cannot move for three months and then only gradually.
None of that is generosity. It is the list of things we have made ourselves unable to do to you.
Where it goes
Total 666,666. Supply never inflates.
The drip and the burn
- ■Every dongkey drips 50 $STABLE to whoever holds it, streamed over 12 months.
- ■That is 16.66 per dick.
- ■A dongkey never transferred since mint drips at 1.5x speed. The same 50 in total, finished in about 8 months.
- ■Unclaimed drip travels with the dongkey when it sells. The buyer receives the remainder.
- ■$STABLE launches once 80% of the collection has minted. Not before.
- ■At least 80% of project revenue buys $STABLE and burns it at the Glue Factory, monthly, on Glue Day.
Every lock, burn and treasury address is published and linked, not stated. The burn address is published before the first burn.
$STABLE is not a stablecoin. Obviously. It is not pegged to the dollar or to anything else, it is not backed by reserves, and it is not issued by or affiliated with Circle. Its price can go to zero. Nothing on this page is financial advice or an offer to sell anything, and nothing here is a statement about future price.