Tokenomics behind USDR
Gold-supported coins have been gaining interest for months for their stability. One such token which is supported by real gold in reserves is USDR or USD reserve. As those coins have quietly gained traction, it’s interesting to have a look at USDR tokenomics.
USDR combines the best technology and best historical practices to create a transaction system to stand the test of global commerce. Fast and cheap transactions across borders are supported by real reserves.
USD Reserve aims to build a censorship-resistant stablecoin that serves as a borderless, inflation-resistant store of wealth supported by real gold in reserves, that can be easily transacted across multiple chains with its cross-chain composability. The goal is to create the internet’s currency that will not depreciate and will not be affected by government corruption.
USDReserve (USDR) is a cryptocurrency token supported by ten tons of gold at a current value of over $600 million in partnership with Brothers International GMBH. The reserve is supported to secure the value of the initial issuance of coins. Currently, no other gold-supported coin has such huge reserves backing their issued coins. Hence eliminating chances of currency devaluation at any point in time.
In line with the vision to build the internet’s reserve currency, USD reserves are not only gold-supported but also have cross-chain support to facilitate transactions on multiple networks while offering users low-gas fees and instant transaction confirmations.
Now, let’s have a look at the tokenomics of USDR and how it operates within the ecosystem.
USD Reserve Tokenomics
USDR is the native currency for the USD reserve. It is the USD Reserve platform’s utility token. The total supply is 100 million. USDR is currently issued and distributed as an ERC20 token and BEP 20 token while other networks will be added soon to make it cross-chain compatible.
Token Statistics
Symbol: $USDR
Name: USD Reserve
Current offering: 50,000,000
Current Price: $ 0.75 USD
Total Raise: 37,500,000 USD
Token Type: ERC20 and BEP 20 Cross
chain. More chains will be added.
Gold Reference Price: LME spot +15% = Retail Price
Total Supply under current regulations: 100,000,000
Max Supply under current regulations: 100,000,000
(CHF value received by issuer)
Total Supply — E-Money License: up to 1:1 with the value of gold held by the guarantor
Max Supply — E-Money License: unlimited subject to matching reserves
Token Distribution and Structure
Treasury — held when the issue is 1:1 with reserves: 10%
Sales, Marketing, project development: 7%
Insurance, storage, operations, management: 5%
Technology development and support: 1%
Humanitarian projects: 77%
Token Distribution
Balance : 92,000,000
Presales (at 0.75 cents) : 4,000,000
Sales Marketing project development : 3,000,000
Technology : 1,000,000
As gold is subject to monetary changes, the gold rates will be observed on a monthly basis and if the value of gold reserve is not sufficient to support $1 per token requirement, then BI will burn tokens and add more reserves to balance the requirement within a 6-month rectification window.
