Mark Piklo

What Is Ultra (UOS)?

Who Are the Founders of Ultra?

Developers will:

How Many Ultra (UOS) Coins Are There in Circulation?

How Is the Ultra Network Secured?

Tokenomics and emission schedules $PEAK, $PRO, and $PONDs will follow the original tokenomics of $TOMB finance. The following has been directly adapted as a placeholder.

$PRO Tokenomics

$PRO holders have voting rights for Peak Finance and Prometheus DAOs.

Maximum total supply of 7,000,000 tokens.

DAO Allocation: 1,100,000 $PRO vested linearly over 12 months.

Team Allocation: 500,000 $PRO vested linearly over 12 months.

The remaining 5,400,000 $PRO and additional tokens obtained through TX taxes may incentivize $PEAK-$METIS and $PRO-$METIS stakers for a minimum of 12 months. The rewards period may be subject to extension or alteration.

$PONDS (Bonds) Tokenomics

Supply contracts by the amount of $PEAK required to be removed from circulation to restore $PEAK TWAP above peg.

No expiration on redemption. DAO treasury must have sufficient $PEAK reserves for $PONDs redemption.

$PEAK Tokenomics

$PEAK is designed to peg to the value of $METIS.

Supply is uncapped and adjusted through contraction and expansion epochs.

EMISSION SCHEDULE

$PRO Emissions available and released linearly over 12 months:

$PEAK-$METIS LP: 3,550,000 Shares

$PRO-$METIS LP: 1,850,000 Shares

$PONDS are available for purchase when $PEAK falls below the 1 METIS peg. If $PEAK’s TWAP is between 1.00 and 1.01, neither $PONDS nor $PEAK will be issued.

e.g. if $PEAK’s TWAP < 1, exchange $PEAK for $PONDS will be in a 1:1 ratio.

$PONDS are available for redemption when $PEAK goes above the 1 $METIS peg.

To encourage the redemption of $PONDS for $PEAK when PEAK TWAP > 1.1 and incentivize users to redeem at a higher price, $PONDS redemption will be more profitable with a higher $PEAK TWAP value, of which $PONDS to $PEAK ratio will be 1:R, where R can be calculated in the formula as shown below:

R=1+[(PEAK(​TWAP price)−1)∗coeff)]

Where coeff = 0.7

During expansion epoch:

80% $PEAK goes to $PRO stakers in ‘The Summit’.

15% goes to the Peak Finance Sub-Treasury (AUM of Prometheus Treasury, managed by Aeacus Capital).

5% goes to development, contributor remuneration, and marketing fund.

Epoch Expansion: If there are outstanding Bonds to be redeemed, 65% of minted $PEAK goes to treasury until it meets the required amount to allow full redemption of $PONDS.

Contraction Epoch: When $PEAK TWAP peg is below 1.01, no $PEAK will print.

Taxation Schedules

There will be conditional taxation when buying or selling $PRO to build the initial capital for the Prometheus treasury and Peak Finance sub-treasury. There will be conditional taxation when purchasing or selling $PRO.

10% Fee for all $PRO buy and sell transactions. These tax structures may be temporary and conditional.

Once Prometheus Treasury obtains $1B AUM, taxes on transactions may be removed if the DAO approves that proposal.

However, whenever $PEAK is below a peg of 1, $PRO buy/sell taxes will apply regardless of AUM TVL, all of which will purchase $PONDS to drive $PEAK back to peg.

When investors purchase $PRO, they pay 10% above market value. These fees are collected in $METIS.

When investors sell $PRO, they receive 10% below market value from selling. These fees are collected in $METIS.

4% of METIS used to buy back and burn $PRO.

6% of METIS is allocated to the DAO treasury.

4% of METIS used to buy back and burn $PRO.

Half of the 6% of the remaining $METIS gets sold into $USDC. Both assets get sent to the DAO treasury.

Due to Netswap Router limitations, the buy/sell tax is applied when adding or removing $PRO liquidity. We are in the process of working on a DEX with our own custom router contract to resolve this.

Taxes will be applied internally to the DAO treasury and external sub-DAOs. $PRO tokens obtained through internal taxation are subject to DAO proposals, either team submissions or trusted community member submissions.

10% tax on all realized profits from DAO activities used to buyback $PRO.

10% tax on all harvests from yield generating assets used to buyback $PRO.

10% from all seed investment instances where profit is realized buys back $PRO.