Tokens

Note: There is a modest burn tax on house tokens, enhancing scarcity, curbing inflation, and ensuring price sustainability. 100% of the tax will be burned, removing tokens from circulation.

House Tokens

UniTomb is a multi-token protocol which consists of the following three tokens:

$UTOMB

The $UTOMB token is outlined for use as a medium of trade, and is intended to have many other use cases as the ecosystem grows. UTOMB is algorithmically pegged to Ethereum (ETH)

Note: $UTOMB actively pegs via an algorithm, it does not mean it will be valued at 1 $UTOMB: 1 $ETH at all times as it is not collateralized. $UTOMB is not to be confused for a crypto or fiat-backed stablecoin.

$USHARE

$USHARE is one of the ways to measure the value of the UniTomb Protocol and trust in its ability to maintain $UTOMB close to peg. During epoch expansions the protocol mints $UTOMB and distributes it proportionally to all $USHARE Stakers in the Boardroom who have staked their tokens.

$UBOND

$UBONDs main job is to help incentivize changes in $UTOMB supply during an epoch contraction period. When the TWAP (Time Weighted Average Price) of $UTOMB falls below 1:1 $ETH, $UBONDs are issued and can be bought with $UTOMB at the current price. Exchanging $UTOMB for $UBONDs burns $UTOMB tokens, taking them out of circulation (deflation) and helping to get the price back up to peg.

These $UBONDs can be redeemed for $UTOMB when the price is above peg in the future. This amounts to inflation and sell pressure for $UTOMB when it is above peg, helping to push it back toward 1 $UTOMB to 1 $ETH ratio.

If your $UTOMB is below peg and you exchange it for $UBONDs and redeem after peg is back above 1.1 you'll receive bonus $UTOMB! All holders are able to redeem their $UBOND for $UTOMB tokens as long as the Treasury has a positive $UTOMB balance, which typically happens when the protocol is in epoch expansion periods.