The system reacts to ETH flow:
ETH in → expansion + reserves
ETH out → lower issuance + buybacks + burns
There are 1,000 Genesis Charters and the first allocation is already live
Check your eligibility:
https://t.co/WHe7Hq6b0p
I just came across a project that I think is really interesting and worth following
It’s called @standard_rsv an onchain monetary system with its own currency monetary policy and reserve system
What caught my attention is the role of the Charter NFT within the ecosystem.
To open additional Branches you need to buy an expansion license using $STANDARD
100% of the payment is burned
When you withdraw, the Branch is permanently retired
So earning and reducing supply are built into the same mechanism.