Equilibrrrrium Money

Purpose

EquiliBRRRRium is an algostablecoin seigniorage protocol. The goal is to provide the means for its underlying BRRRR asset to maintain a value that is algorithmically pegged to the value of BNB at a 10 000:1 ratio.

So, what good is that? We will explore this idea further throughout this documentation, but for now without getting too technical, this opens up a world of possibilities for existing, long-time BNB holders, people already familiar with DeFi, as well as new users just coming into the space.  As the EquiliBRRRRium ecosystem grows over time, the potential future applications are quite literally endless. And, as you proceed through this documentation and learn more about how EquiliBRRRRium protocol works, we will explore some of that potential in more detail.

BRRRR is the native token of the EquiliBRRRRium protocol. The built-in stability mechanisms within the protocol aim to maintain BRRRR's peg of 10,000 BRRRR = 1 Binance Coin (BNB) in the long run.

What are the EquiliBRRRRium protocol tokens?

BEquiliBRRRRium’s multi-token protocol currently consists of the following 3 tokens, and each plays a critical role in how the protocol works to maintain peg:

1- EquiliBRRRRium token ($BRRRR) : Designed for use as a medium of exchange. $BRRRR is algorithmically pegged to Binance Coin (BNB) at a ratio of X BRRRR to 1 BNB

2- EquiliBRRRRium Shares ($BRRRRSHARE) : BRRRRSHARE can be staked in the Boardroom to earn a portion of minted BRRRR as rewards to those BRRRRSHARE holders for investing in the health and stability of the protocol.

3- EquiliBRRRRium Bonds ($BRRRRBOND) : BRRRRBOND’s main job is to help incentivize and reward users for helping to regain peg during times of supply contraction below peg.