DARK (Darkcoin) Token

The DARK (Darkcoin) token is Darkside Finance's farming token, and it is rewarded by all staking and liquidity pools.

Benefits:

• 25% of all deposit fees are automatically used to provide liquidity support for DARK

• 50% of all dApp and other platform income will also be used to provide AMM support for DARK

• DARK APRs are always high; therefore, DARK is the key to farming the most CZDIAMOND possible

• If the community decides to move on to Layer 4, DARK will be swappable for Layer 4 presale tokens!

Transaction Fee:

• A 6.66% transfer tax is deducted from each DARK token transfer, depending on whether the sale is to an automated market maker (AMM) pool:

  • 3% automatically provides automated market making (AMM) support for DARK

  • 3% goes to CZDIAMOND stakers

  • 0.66% is burned

• An additional 10% "Asshole Fee" is charged for dumping tokens on the AMM liquidity pool

  • Community members are requested to sell their tokens over-the-counter (OTC)

  • There will be no excuse not to comply with this request in Layer 3, when we release our on-chain OTC engine

• Several "Non-Asshole" actions are exempted from all transfer fees:

  • Staking and unstaking in all Darkside Finance pools

  • Liquidity token formation and destruction

    • Our special helper contract must be used to obtain the exemption for adding/removing LP

    • The helper contract will be linked on our website

  • Market buying (LP pair, 'from' direction only)

  • Sending to any Layer 4 presale contract that is implemented after activating the Killswitch function

Token Details:

• Ticker: DARK

• Contract address: 0x1942b8262a0683B54f4f91D0c08dDD92ed6E8FE6

• Chain: Polygon Network (MATIC)

• Initial supply: 325,000 DARK

• Max Supply: None

  • In both Layers 1 and 2, the farming token expanded its supply to ~2.67x of its original value in ~2 weeks

  • This resulted in an initial supply expansion of 11.5%/day for LITHIUM

  • Layer 2 had a higher emission on the first day

  • This layer, we reduce the overall supply expansion/day to ensure longevity

  • DARK has approximately 4% initial supply expansion/day during the first 4-week CZDIAMOND half-life epoch (average of 0.3 DARK/block)

  • The DARK emission rate per block is reset at the conclusion of each CZDIAMOND half-life epoch

    • A new emission gradient is calculated that sets a new target emission per block at the end of the next 4-week half-life epoch

• Minting of both DARK and CZDIAMOND tokens stops when killswitch function is activated

Distribution:

Distribution of 325,000-DARK starting supply:

• 250,000 to the public (MYFRIENDS + ARCADIUM presales)

• 25,000 Partnerships (any not used for partnerships will not be circulated)

• 50,000 initial liquidity (any not used for initial liquidity will be moved to partnerships)

• 0 to creators

• 0 infrastructure

Emission Rate:

DARK will emit a satisfyingly large amount of tokens initially by following the "Mirror to the Moon" emission pattern!

For the first 4 weeks (i.e., the first CZDIAMOND half-life era), we have retained the "Mirror to the Moon" emission pattern, as our experiment with it during Layer 2 (Stadium Arcadium) was successful! After that, we switch to a different emission formula, explained below.

• Initial emission rate: 26.57 (100x) DARK/block

• Decreases linearly to 0.7972 (3x) DARK/block @ 5 minutes after start

• Then, decreases instantly to 0.2657 (1x) DARK/block @ 3 hours after start

• Then, increases linearly to 0.3322 DARK/block @ 4 weeks after start

What does the "Mirror to the Moon" accomplish?

• Emits >12 hours' worth of emissions in the first 3 hours (compared w/lowest rate)

• Displays incredibly high initial APRs

• Makes environment incredibly appealing to non-native stakers

  • Apes will throw in money with both fists

  • 75% of the deposit fees are distributed gradually to CZDIAMOND stakers

  • 25% of the deposit fees automatically go towards DARK AMM support

• Rapidly tapers down emissions after the initial rapid phase

• Increases emissions linearly towards the end of the first era, reducing changes in daily % supply expansion

  • However, the supply expansion (%/day) does still go down throughout the first era

• Provides more rapid compensation of deposit fees with only a temporally isolated impact on overall emissions

This plot shows DARK emission for the first 100 hours.

After the first half-life era (4 weeks), we will perform an "APR reset" that will rapidly elevate the DARK emission rate:

Block 20170000, Wednesday, October 13, 1215 GMT: DARK emission = 0.3322/block

Block 20173200, Wednesday, October 13, 1415 GMT: DARK emission = 1.661/block

After other half-life eras, we will set a new linear emission gradient that ends at the end of the following 4-week period to result in the desired supply expansion according to the needs of the platform at the time. The emission can also be kept flat by not entering a gradient. (STB emission halves during each half-life era transition).

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