| 2.4 Bonds |
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| Just as shares are part of companies 'profits, government bonds are part of governments' profits. Each government has government bonds. 25% of the state budget revenues go to a fund called the bond guarantee fund which will be used to redeem any amount of bonds from the holders. There are two very important issues when it comes to bonds. |
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| First of all, the bonds are generated at the rate of 0.1 / hour and distributed through the official faucet, ie they can be earned at the pecans. This is the only form of initial distribution. They can also be bought from other players. Once you have won a bond (or a fraction) you have two options to turn it into money. You use the bond guarantee fund that will pay you its value on the spot or you put it on the market at a higher price and you are waiting for a buyer. |
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Because the bond generation rate is 0.1 / hour and the guarantee fund collects money every day, in active countries the value of a bond will tend to increase over time. |
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| The price at which the fund repurchases bonds depends on the funds of the guarantee fund and the total amount of bonds in circulation. If, for example, the fund holds $ 800 and there are 1,600 bonds outstanding, the fund will pay $ 0.5 per bond. Of course you can also sell fractions but not less than 0.01. The guarantee fund is replenished after each collection of the budget with 25% of the amount collected. In the case of local currencies, the conversion into USD will be done at regular intervals. All fund payments are in USD. |
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| Another important aspect of bonds is that when a user uses the guarantee fund to be paid, the amount of bonds sold is deleted from the system, ie the total amount of bonds in the market decreases, just as it happens. with CoinRepublik Token (CRT). |
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| If a country's guarantee fund increases to over $ 1000, then the funds will be moved to an Ethereum contract, identical to the structure of the contract that administers CoinRepublik Token, and those bonds will have a life of their own outside the game, and can be traded. anywhere. Also, the guarantee fund will become external and will have the same rules as the fund that administers CRT with the difference that the rate of creation of a token bond will be 0.1 / hour. |
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Bonds do not give you any rights in local government. To participate in political life you must join a party and get the support of colleagues. |
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Open Beta
