Ceres protocol creates two tokens to build its economic system, named ASC and CRS respectively.
ASC (named after the Roman copper coin, AS, a credit currency in early human history) is a kind of stablecoins pegged at one dollar. The goal of ASC is to become a crypto with both functions of value storage and trading, eventually reaching a huge circulation scale and a wide range of application scenarios.
CRS is the revenue and governance token of Ceres protocol, which is endowed with 3 major functions: 1. The medium of ASC issuance; 2. The carrier of value capture; 3. DAO governance.
In addition to the collateral required for the issuance of ASC, a certain proportion of CRS is required as a medium to be burned by the protocol. To wit, CRS is deflationary; the more ASC is issued, the more CRS needs to be burned.
CRS is empowered by Ceres protocol to capture value. With the development of Ceres protocol, the benefit generated will be given to CRS as the reward for CRS holders. We believe that the value capture mechanism will help achieve a continuous value growth.
Ceres protocol exists and develops in the form of DAO. The holders of CRS can stake CRS to obtain veCRS, and has the right of the DAO governance.
Total Supply：10 Billion
Growth Incentive: 28%
Stability Incentive: 28%
Basic Mining: 12%