What Is PegasusDollar?(PES)
Pegasus Dollar is an Algorithmic Token Pegged to METF. The protocol is designed to expand and contract supply similar to the way central banks trade fiscal debt to stabilize purchasing power. The protocol is designed to expand and contract supply similar to the way central banks trade fiscal debt to stabilize purchasing power, without any rebases or collateral risk.
Important Points Table Of Peak Finance
| Basic | Points |
|---|---|
| Coin Name | PegasusDollar |
| Short Name | PES |
| Total Supply | 1,008,237,285 |
| Explorer | Click Here To View |
| Documentation | View Document |
| Website | Click Here To Visit |
How to Buy the Continental & Trade On Exchange?
Flexible Price
The live PegasusDollar price today is $672.23 USD with a 24-hour trading volume of $21,224.94 USD. They update our PES to USD price in real-time. PegasusDollar is down 0.59% in the last 24 hours. The current CoinMarketCap ranking is #5350, with a live market cap of not available. The circulating supply is not available and a max. supply of 100,000,000,000 PES coins.
If you would like to know where to buy PegasusDollar at the current rate, the top cryptocurrency exchange for trading in PegasusDollar stock is currently MM Finance. You can find others listed on crypto exchanges page.
Pegasus Dollar(PES)
Every Pegasus Dollar aims a peg to 1 METF, and is intended to be used as a medium of exchange.Its supply is expanded and contracted indirectly through shareholder seigniorage dividends in order to maintain the peg.
Pegasus Share(SPES)
Shares are a medium of governing the protocol, and receiving seigniorage rewards through the Boardroom. Pegasus Shares are an implementation of the Seigniorage Shares paper ⸺ they are not pegged to anything; as PES adoption grows, so does PES’ value.
Pegasus Bond(BPES)
Bonds are special IOU tokens designed to contract PES supply. They can only be bought when the PES price is below the peg by a pre-set threshold. Bonds promise the holder premiums when PES pricing returns to its 1 METF peg.
When The Price Is Above 1 METF
Pegasus Dollar supply is expanded to bring the price back down. The ones who staked Pegasus Shares on the Boardroom will receive PES seigniorage as rewards.
When The Price Is Below 1 METF
The protocol auctions off Pegasus Bonds for PES to contract Pegasus Dollar supply. They can be redeemed for premiums after PES price returns to its 1 METF peg.
Tokens Distributed Through Yield Farming
PES and SPES tokens are distributed fairly through yield farming. Providing liquidity to PES-METF and SPES-METF pairs result in additional SPES tokens being distributed. This not only allows us to maintain censorship resistance, but also acts as an incentive mechanism against lack of liquidity and bond death spirals.
Fairly Launched And Governed By Community
They have no venture capital funding, backers, or pre-mined tokens. We don’t earn any fees from the transactions.
Launchpad Proceeds Allocation
- 40% of SVN raised will be sent to METF DAO as backing for $METF
- 30% vested and used to form initial PES LP. Liquidity unlocks at 2, 4 months and is sent to the project team
- 30% vested SVN Funding unlocks: 40% unlocked at TGE, with the remaining 60% unlocked linearly over 6 months (10% a month)
What is the utility of the PES token?
- SPES Reward – Provider Liquidity PES to earn SPES
- Stake PES in Pegasus Earn
- Stake PES to earn profit from Pegasus Swap(when Pegasus Swap launch)
- Lock & Burn PES for a chance to participate in round 0 Pegasus Launchpad
- Earn ecosystem profit(Lending & Pegasus Land)
- Stake in Partner system
SPES – Government Token
Pegasus Shares(SPES) loosely represent the value of the Pegasus Protocol and trust in its systemic ability to maintain PES to peg. During epoch expansions (when TWAP – time-weighted average price of PES is above the 1 $METF peg), the protocol mints PES and distributes it proportionally to all SPES holders who have staked their tokens in the boardroom.
BPES – Bonds Mechanism
The fundamental purpose of Pegasus Bonds (BPES) is to incentivize fluctuations in PES supply throughout epoch growth and contraction.
When PES’s TWAP (Time Weighted Average Price) goes below 1 METF, BPES is issued and can be exchanged with PES at the current price.
PES tokens are burned when they are exchanged for BPES tokens, removing them from circulation (deflation) and assisting in the return of the price to 1 METF.
These BPES can be redeemed for PES at a future date if the price is above the peg, with a bonus if they are held above the peg for a longer period of time.
When the PES goes above the peg, this results in inflation and sell pressure, which helps to push it back toward 1 METF.
Security
Auditors will be engaged after each product is completed and launched. All audit reports will be shared on this page as they get published. Security is paramount for any IT company, especially one in the blockchain firm.
With Pegasus Dollar, one of early principles for Pegasus development was to guarantee a secure environment, ensuring the interests of both players and Pegasus smart contracts. Therefore, after completing the smart contract, we also worked with 2 very reputable partners on Audit. Those are Peck Shield and Solid Proof, all of them gave very positive results.