Whitepaper/Technical Details
Read technical details of the project below. This page will be updated periodically to address any questions that arise.
Read technical details of the project below. This page will be updated periodically to address any questions that arise.
In order for a wallet to hold any stellar asset, it must establish a trustline to the asset. Typically, these trustlines are automatically accepted, regardless of their charectaristics. For DEMOCRACY tokens, trustlines are instead approved only if they are made with a limit of 1,000,000 or fewer tokens. In this way, it can be ensured that no account (except for the distributing account, which simply provides liquidity), can possess more than .05% of the token supply. This creates a uniquely equitable token distribution, and prevents accumulation of tokens by whales, thus eliminating the risk of market manipulation. The need to establish a trustline with a limit cap is the reason that solar wallet or a custom stellar transaction must be used to establish trust to the asset. After this, any wallet can be used to trade DEMOCRACY tokens.
There will only ever be 2 billion DEMOCRACY tokens. This makes DEMOCRACY tokens scarce compared to most assets on the stellar network, thus increasing it's value.
The distribution account, GDIST...322T, will always maintain liquidity via automated buy and sell offers according to two constant product invariant curves.