Paprprintr Finance

Paprprintr Finance

Created using Figma
Created using Figma
PaprPrintr is an algorithmic stablecoin running on the Binance Smart Chain and on the Polygon Blockchain. Inspired by BasisCash, bDollar and other stablecoins that have been tried on different blockchains, its purpose is to get a stablecoin that will efficiently peg to a US dollar (pegged to 1BUSD).
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About Paprprintr Finance

Project Details   PAPR ecosystem,  is an algorithmic stablecoin with new mechanisms. Those mechanisms are the first of their kind; never before implemented by any other project in DeFi. The goal for this unique stable token is not only to be an algorithmic stablecoin, but also to be the primary currency of the PAPR ecosystem.  

It aim to connect DeFi with the real world. paprprintr at its core, is an algorithmic stablecoin driven by elastic expansion and burn. Inspired by Basis Cash and other predecessors, they have applied principles of those protocols and innovated our own new mechanisms that effectively maintains the $1 peg level.

 

HOW IT WORKS

  • When PAPR TWAP is over $1 for an epoch (6 hours) : A percentage of the total PAPR supply is minted. The minted PAPR is given to users who staked their PRNTR (shares) tokens depending on how many PRNTR they staked.
  • When PAPR TWAP is under $1 for an epoch :
    • PAPR minting is stopped. Instead, INK tokens (bonds) are available for sale. Users can buy INK with PAPR. For 1 INK bought, 1 PAPR is automatically burnt.
    • INK tokens can’t be redeemed when PAPR is under $1, but they can be sold at the price of PAPR² whenever PAPR goes back over $1. This is a premium mechanism incentivizing users to buy bonds and helping the price to get back above its peg. An autoburn is applied on PAPR sales, burning 100% of the rate in the process.

Paprprintr Finance Roadmap

  • 2021 Q2

  • ➤ Ecosystem on BSC, Ecosystem V2 on Polygon
    ➤ Vaults release
    ➤ Lazrprintr
  • 2021 Q3

  • 2021 Q3

    ➤ Origami Bridge
    ➤ Ecosystem on KCC
    ➤ Origami Audit
    ➤ OTC Audit
  • 2021 Q4

  • ➤ Paprjobs beta and open testing
    ➤ Ecosystem on more blockchains
    ➤ NFTs

Activity

Followers:
15 497
VERY HIGH
Tweets:
311
HIGH
30 Days Growth:
-368
Members:
10 718
VERY HIGH
30 Days Growth:
-449

Paprprintr Finance Team

Verified 0%

Attention. There is a risk that unverified members are not actually members of the team

🇫🇷 Hash
Lead Solidity Developer
unverified
🇫🇷 Lex
Lead Marketing
unverified
🇫🇷 Iambluedev
Lead Web Developer
unverified
🇺🇸 Major Rawdawg
Project Manager
unverified
🇷🇺 Jacksjucks
Marketing Manager
unverified
$ 0.9414
Crypto Stats
Daily, %:
Weekly, %:
-2.97%
Monthly, %:
-8.31%
Market Info
Market Cap:
Volume 24h:
$ 259.63
Circ. Supply:
Ticker:
PAPR
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